For Sale by Auction on Friday 27th October at 2pm at the Digby Hall, Sherborne. An attractive Grade II Listed retail and commercial investment property situated in a highly prominent position in the Town Centre.
FOR SALE BY PUBLIC AUCTION ON FRIDAY 27TH OCTOBER 2017 AT 2.00PM at THE DIGBY HALL, SHERBORNE, DT9 3AB.
*Guide Price - £225,000.
This attractive retail and commercial investment property producing initially £21,000pa * situated in a highly prominent position on the St Thomas Street/Frederick Place junction in Weymouth town centre. The property is in the same parade as WH Smith, New Look etc but also close to the beach and bus stops with strong pedestrian flows in this position.
Constructed in brick under a slate roof, the property is constructed over four floors including basement. The property is Grade II Listed and is let in two separate tenancies.
Ground Floor and Basement A lock up retail shop recently let to Margaret Green Animal Rescue (a charity) for 6 years with a tenants break at year 3 at a stepped rent of £12,000pa, £12,500pa and £13,000pa * over the first 3 years plus shop front repairs and insurance with effect from 28th July 2017.
*There is some rent free to be taken into account.
First and Second Floor A very well appointed office let to Coe Design Ltd Architects for a rental of £9,000pa. The tenant is currently holding over.
The Shop Premises 556 sqft retail sales. 96sqft store. Rear yard with store and WC. Basement store of 538sqft (low ceilings).
The Office Accommodation First Floor. 490sqft arranged as 3 consulting rooms. First Floor tenement extension. 169sqft Kitchen with 2 WC. Second Floor. 490sqft arranged as 3 consulting rooms.