PAIR OF FREEHOLD TOWN CENTRE BUILDINGS COMPRISING FIVE FLATS AND TWO SHOPS

Description

This pair of imposing freehold buildings are located in the centre of the attractive Dorset town of Blandford and enjoy a prominent position within the towns main retail area. The retail space of No.8 has recently been extensively renovated to form a café/restaurant across ground and first floors, while the commercial space at number four has been let to Dorset Property for a number of years. The building is fully let producing £62,952 per annum.

4 West Street

Commercial
Main office, rear staff kitchen, cloakroom with W.C.

Tenancy
Let under the terms of a 15-year commercial lease, from 16th March 2012, at a current rental of £11,496 per annum.

Residential
Flat 4C
Living room, kitchen, bedroom and bathroom/W.C.

Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement for two-years from October 2022 at a current rental of £560 per calendar month.

Flat 4E
Living room, kitchen, bedroom and bathroom/W.C.

Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement for six months from 1st June 2023 at a current rental of £650 per calendar month.

Flat 4F
Living room, kitchen, bedroom, bathroom/W.C., and balcony.

Tenancy
Currently vacant. Previously let at £620 per calendar month.

8 & 8A West Street

Commercial
Recently renovated to comprise a coffee shop/restaurant across the ground and first floor.

Tenancy
Let under the terms of recently commenced commercial lease at a current rental of £17,436 per annum. Further details will be provided within the legal documents.

Residential
Flat 8B
Living room, kitchen, two bedrooms and bathroom/W.C.

Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £550 per calendar
month.

Flat 8C
Living/bedroom/kitchen, and shower room/W.C.

Tenancy
Currently vacant. Previously let at £400 per calendar month.

Outside
There are two parking spaces let on Licence Agreements, one let at £300 per annum and the other at £360 per annum.

Council Tax Bands
All flats are Council Tax Band A.

Guide Price

£550,00 to £600,000

 

FOR SALE with joint auctioneers

(click link above for full auction particulars)

FINANCE ACT 1989

Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

IDENTIFICATION

Under Money Laundering Regulations, we are obliged to verify the identity of a proposed Tenant or Purchaser prior to instructing solicitors. This is to help combat fraud and money laundering and the requirements are contained in statute. A letter will be sent to the proposed tenant or purchaser once terms have been agreed.

Code for leasing business premises

Applicants looking to lease a business premises through James and Sons are advised of the existence of the RICS Code for leasing business premises. Furthermore, we recommend that all applicants obtain professional advice from an independent RICS member or other property professional.

IMPORTANT NOTE

These property particulars are intended as general guidance for prospective lessees or purchasers. They do not constitute all or any part of an offer or contract. James and Sons, either for themselves or as agents on behalf of the lessor or vendor give no warranty as to the accuracy of any of the information contained herein. All descriptions, measurements, references to condition and statements as to planning use and permissions or other matter contained in these particulars are given in good faith and are believed to be correct but their accuracy is not guaranteed and should not be relied upon as fact without independent verification. No person in the employment of James and Sons has any authority to make any representations or warranty (verbal or otherwise) in respect of this property and any intending lessee(s) or purchaser(s) should make their own independent enquiry and investigations and inspections to verify the accuracy or otherwise of any information. At no time has any structural or other survey been carried out and no services or appliances have been tested. Interested parties should satisfy themselves as to the structural integrity of the property and the condition and working order of all services, appliances, fixtures and fittings.