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AGENT'S DETAILS


Weymouth - Freehold Retail and Residential Investment

For sale: £350,000.00|2216 Sq Ft|General Retail, Retail - High Street, Mixed Use, Residential, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£350,000.00
SIZE2216 Sq Ft
ADDRESS37 St Thomas Street, Weymouth, Dorset DT4 8EH
TYPEGeneral Retail, Retail - High Street, Mixed Use, Residential, Retail, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON2nd December 2020

DESCRIPTION

Investment Consideration:
Rental Income: £15,300 p.a.
*ERV once fully let circa £26,300 p.a. GIY ~7.51%
VAT is NOT applicable to this property
Total area size of 206 sq m (2,216 sq ft)
Comprises a ground floor shop with basement ancillary accommodation and two self-contained flats on first and second floor.
Residential flats developed in 2017 to a high standard.
Occupiers close by include Tesco Metro, Argos, Mcdonald`s, Clarks, amongst number of local pubs, restaurants, cafés` and shops.

Property Description:
The property comprises ground floor shop with further ancillary storage and a single WC to the rear. Accessed internally is a basement providing additional three rooms of ancillary storage. The first and second floor comprises two self-contained flats, developed in 2017 to a high standard.

The property provides the following accommodation and dimensions:
Ground Floor: Shop 52 sq m (556 sq ft)
Basement: Ancillary 15 sq m (165 sq ft)
First Floor: Flat 1 94 sq m (1,011 sq ft)
Second Floor: Flat 2 45 sq m (484 sq ft)

Tenancy:
The ground shop is at present vacant. Flat 1 is at present let on AST for a term of 6 months from 27th November 2020 at a current rent of £8,400 p.a. Deposit held of £807. Flat 2 is at present let on AST for a term of 6 months from 18th August 2017 (Holding Over) at a current rent of £6,900 p.a. Deposit held of £685.

Location:
Weymouth is a seaside town in Dorset, England, situated on a sheltered bay at the mouth of the River Wey on the English Channel coast. The town is 11 kilometres (7 miles) south of Dorchester and 8 kilometres (5 miles) north of the Isle of Portland. The A354 road connects the town to the A35 trunk road in Dorchester, and terminates at Easton on the Isle of Portland. The A353 road runs east from Weymouth to the south of Warmwell, where it connects with the A352 to the Isle of Purbeck and Wareham. The B3157 road runs west from Weymouth to the south of Bridport where it terminates and connects to the A35. Weymouth is approximately 52 miles (83 km) south east of the M5 motorway at junction 25 for Taunton. Occupiers close by include Tesco Metro, Argos, Mcdonald`s, Clarks, amongst number of local pubs, restaurants, cafés`and shops.

LOCATION

Location: 37 St Thomas Street, Weymouth, Dorset DT4 8EH

Weymouth (0.5 miles)

Upwey (2.8 miles)

Dorchester South (7.1 miles)

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