Do not pay any deposit to private
sellers upfront. If you are looking to
purchase a business, we advise that any
deposits or transactions made are
through a solicitor to prevent
fraudulent activities from occuring.
Do not share confidential information
with any private sellers, including your
home address, account passwords, bank
accounts and credit card information.
The vast majority of these scams involve
the transfer of substantial sums of
money. We advise all transactions made
are through a solicitor to prevent
fraudulent activities from occuring.
Send a test amount before you consider
handing over a large amount of funds.
Maybe even try transferring £1, and then
speaking to your solicitor to confirm
Do not disclose proof of funds directly
to the sellers. If the sellers request
you to show proof of funds, we advise
that it is done through a solicitor to
prevent fraudulent activities from
Buying a business is not covered by
consumer rights legislation. It is your
responsibility to acquire a business
that holds up in quality and agreement.
Fraudsters will typically use false news
in an attempt to get you to act quickly.
For example, 'Your account has been
disabled. Reset your password now.'.
Review the performance of a business to
make appropriate financial projections.
Some businesses are dormant or not
trading, so it is essential to check
their short and long-term potential.
Originally used as a Mechanics Institute and designed by architect George Whitewick in the 1840's, the premises currently known as Pot Black has seen changes of use a number of times over the last 180 or so years. An extension was added in the 1850's to create a large lecture hall addition. By the mid 1870's the property was being utilised for entertainment in the form of a skating rink. Sadly in the early 1880's, the Mechanics Institute closed, and the property then was repurposed into a library by 1894. By 1976, the property was then being used as DVLA offices, followed by an additional of a snooker hall being added to the upper floors a few decades later. Uncertain of the exact year the snooker hall finally closed, the property was left empty for some time before a fire happened in 2006 (source: Plymouth Live).
The sale includes a neighbouring property which is incorporated into the design for the planning. The application can be found on the Plymouth City Council planning website under the reference 17/01770/FUL as "Conversion & part demolition of existing building to create 24 apartments (Class C3) and ground floor commercial units comprising Retail (Class A1), Financial and Professional Services (Class A2), Restaurants and Cafe (Class A3) & Bar (Class A4)" All planning history documents can be found under the property record.
Plymouth is a thriving City located in South Devon on the Cornwall border. Famed for having historical links to Sir Francis Drake, a bustling University, the popular shopping destination of Drakes Circus and the newly renovated Royal William Yard. The gateway city to the final county of England is also home to a population of well in excess of 260,000 people.
At the time of instruction, the property is mainly a shell, with upper floors removed in some areas, ready for further work to commence. The smaller house next to the main building has already had a material start made and some works commenced.
The plans drawn up for the property submitted to Plymouth City Council planning comprise of:
Basement: Wine cellar and storage for the commercial section Ground floor: Commercial unit with kitchen, customer toilets, staff areas and staff toilet facilities. Two 2 bedroom apartments to the main building. To the side building is allocated cycle storage and bin store. First floor: One 2 bedroom apartment, two 1 bedroom apartments and three 3 bedroom apartments. Second floor: One 1 bedroom apartment, three 2 bedroom apartments and one 3 bedroom apartment. Third floor: Four 2 bedroom apartments and one 1 bedroom apartment. Fourth floor: Three 2 bedroom apartments and one three bedroom apartment. Fifth floor: Two 2 bedroom apartments with studies or optional third bedrooms.
As part of the planning application there is a provision for a lift to serve all floors, please refer to the plans for the property on the council planning website for further information.
The property is currently EPC exempt.
• Our Reference: CD-90229 • GUIDE PRICE £650,000+ • Former Snooker Hall and adjoining property • GII Listed building with planning under the reference 17/01770/FUL • Planning includes 24 apartments and a commercial unit • Some work has commenced, and approximately 50% of the CIL has been paid • FH Price: £650,000 Guide Price