Col iers International Offers over 395,000 - Freehold

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1 CONTACT US Viewing is strictly by prior appointment with Colliers International through: Stephen Page Hotels Property Ref: On the instructions of the LPA Receivers Simon Haskew and Neil Vinnicombe of Begbies Traynor (Central) LLP The Heritage Hotel & Restaurant Chickerell, Weymouth Charming 18th Century property with 6 letting bedrooms Close to Weymouth Beach and town centre An easily run business in an area that is enjoying massive investment since the Olympics Currently closed Offers over 395,000 - Freehold Colliers International Atlantic Building The Marina Queen Anne's Battery Plymouth Devon PL4 0LP

2 The Heritage is an attractive and prominently located property in a village setting, and with car parking in a corner position. Exposed stone walls in the cocktail bar, restaurant and residents lounge add to its appeal, and with 6 letting bedrooms and a separate wing and garden for the owners, it has all the attributes necessary for an excellent mix of business. The mouth of the River Wey has been a port since Roman times but it was King George III who put Weymouth firmly on the map as a resort, when he visited to take the waters of the English Channel. The harbour is very pretty and the town retains both its Georgian seafront and a bustling shopping centre. The railway station offers a regular service and, during the summer months, a fast catamaran runs to the Channel Islands. Chickerell has grown over the last 20 years but still has the heart of a village and the Heritage is right in the middle, opposite the vicarage. It is an ideal place from which to explore the Jurassic Coast, a World Heritage Site, with its sandy beaches and sheltered bays. The previous owners purchased the property in 2008 and ran it mostly by themselves. Unfortunately, they paid considerably more for it then and found their borrowings unsustainable. Even though it now needs to be refurbished throughout before reopening, it represents a marvellous opportunity for new owners to buy a smart property and create their own style of restaurant and hotel B&B accommodation, at an affordable price. THE PROPERTY Understood to be built around 1769 as cottages, the property has been a bakery, a laundry and even a fire station. There have been extensions too, but the original character does shine through. Built of stone with a tiled roof on ground and first floors. Conservation Area. PUBLIC AREAS The porch entrance on the front, which leads directly into the main Restaurant, is not used, instead Reception is to the left with exposed stone wall, stone fronted reception desk and stairs rising to the owners accommodation. A doorway leads into the Cocktail Bar with a central stone servery and small overflow eating area. French doors open to the Residents' Lounge with exposed stone walls, beamed ceiling and parquet floor. Folding french doors open to the Restaurant with exposed stone walls and beamed ceiling. LETTING BEDROOMS 6 letting bedrooms all en suite with bath and shower. OWNERS' ACCOMMODATION Separate internal private staircase leads to living room, double bedroom, bathroom. SERVICE AREAS Substantial commercial kitchen, large prep room and ancillary space. Various stores. OUTSIDE A tarmac car park for around 10 cars to the front. At the back is a good size private garden with lawns, mature trees, shrubs and beds.

3 SERVICES West Dorset District Council Mains gas, electricity, water and drainage. Gas central heating. LICENCE Premises Licence TRADE A Trading and Profit & Loss Account for the year ended 30 June 2011 showed turnover 158,276 on which there was an adjusted trading profit of 42,475. Although these figures cannot now be warranted, they clearly demonstrate that The Heritage is quite capable of being an easily run yet highly profitable business, once it is given a makeover and relaunched with younger enthusiastic owners. TO VIEW All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights. DIRECTIONS Chesil Beach 1/4 mile, Weymouth Harbour 3, Dorchester 8, Bridport 15, Bristol 70 and London 145. Through Weymouth, past the harbour, following the signs to Portland. Turn right at the roundabout junction with the B3157 and after a couple of miles, right again at the brown sign. The property is only a few hundred metres from the road, in the middle of the village. Alternatively, from the A35 about 5 miles West of Dorchester across the hills, past the Hardy Monument and turn left in Portesham on the coast road. Chickerell is 4.5 miles further on. PRICE Offers over 395,000 for the freehold property. FINANCE Colliers International is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

4 Misrepresentation Act: Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 15/02/2013 Colliers International is the licensed trading name of Colliers International UK plc. Company registered in England & Wales no Registered office: 50 George Street, London W1U 7GA.

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