INVESTMENT WITH POTENTIAL FOR REDEVELOPMENT
FOR SALE – GUIDE PRICE of £300,000
A Grade II listed property located in Dorchester town centre.
Ground floor is currently rented at £14,000 per annum.
Upper parts are partially occupied at a rent of £6,500 per annum
There is potential for redevelopment of upper parts STPP
51 High West Street is located on the northern side of Dorchester town centre. Dorchester is the county town of Dorset and has a population of approx. 20,000.
Other occupiers on High West Street include Symonds & Sampson, Porter Dodson and Humphries Kirk.
The County Council offices are located to the rear of the property.
The property is a Grade II listed 4 storey building believed to date from the 18th Century and contains many original features. The construction is of brick with rendered façade under a tiled roof.
The windows are wooden frame, single glazed sash windows. The property benefits from a fire alarm and secure entry to the upper parts. There are WC’s located on the ground and second floor.
The ground floor is a self-contained commercial / retail unit occupied by Jackson Stops, with the upper floors a number of small office units set around a central stairwell.
The upper floors are partially occupied. To the rear is a walled garden / yard which is accessed via the ground floor unit.
ACCOMMODATION (all areas are approximate and provide for guidance only)
Gross Internal Area 287 sq. m (3,089 sq. ft.)
The property is offered freehold subject to the existing leases.
The ground floor is let on a five year lease from 1st September 2018 at a rent of £14,000 per annum The upper parts are partially occupied by two tenants at a combined rent of £6,500 per annum.
One tenant is due to vacate 31 December 2018 and the other has a three month termination provision.
For further details on the tenancies please contact Chesters Commercial.
Guide Price – £300,000 (exclusive of VAT)
VAT is chargeable on the disposal price.
RATEABLE VALUE (VOA Listing 2017)
Description Office & premises Ground floor Rateable Value £13,250
First floor Rateable Value £3,850
Second floor Rateable Value £2,800
Third floor Rateable Value £1,750
For further information please contact the Sole Agents,
Chesters Commercial Ltd:
Telephone: (01935) 415454