Situated on a prominent roadside location within a well populated residential area, the Dog and Rat is for sale with an asking price of £225,000 and comes with full planning approval with a change of use from Public House to residential dwelling, converting to a four / five bedroom property, including demolition of existing outbuilding at The Dog & Rat, 128 High Street, Broughton, DN20 0JR. (Please see the attached plans).
This traditional and spaciously proportioned property offers various opportunities, with an extensive area for trading with three separate bar/serving areas to the ground floor and basement. Previously used as a lounge and bar, gaming area, these separate entities offer potential to be used as a full time dining experience whilst the additional basement bar with easy access offers an ideal opportunity to be used as specialist dining or as a very popular cocktail/tapas bar. There is currently a storage/staff area and kitchen to allow for a dining/eatery trade to resume. The first floor offers the owner accomodation comprising of kitchen, lounge, two double bedrooms, bathroom, separate w.c., storage and office space.
Externally the property allows service access to the rear, a beer garden to the side and a small private garden to the rear.
This is a remarkable business opportunity, and comes with full planning approval with a change of use from Public House to a Residential Dwelling, converting to a four / five bedroom property, and also includies the ability for demolition of existing outbuildings if required.
It is highly recomended to view the property to obtain the full potential and scale of possibilities for a conversion.
Contact JC Property to arrange a viewing on 01724 487297, or email sales@jc-property.co.uk
Tenure : Freehold
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 0 | ||
| £125k to £250k | 2 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 3 | ||
| £125k to £250k | 5 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £300k | 0(2/5)* | ||
| £300k to £500k | 5 | ||
| £500k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
