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Agent's details

Unit 1, 43 South Street, Dorchester, Dorset, DT1 1DQ

For sale: £395,000.00|To rent: £25,000.00 - £30,000.00 Per Annum|2,192 Sq Ft|Pubs/Bars/Clubs, Other, Licensed & Leisure, Other Property Types & Opportunities

Property details

FOR SALE£395,000.00
TO RENT£25,000.00 - £30,000.00 Per Annum
SIZE2,192 Sq Ft
ADDRESSUnit 1, 43 South Street, Dorchester, Dorset, DT1 1DQ
TYPEPubs/Bars/Clubs, Other, Licensed & Leisure, Other Property Types & Opportunities
TENUREBusiness for sale, To Let, For Sale Leasehold
POSTED ON15th April 2024

Description

For Sale/ To Let- 2,200 sq ft Former Cafe in Dorchester Town Centre

Dorchester is the county town of Dorset located 8 miles north of Weymouth and 20 miles west of Poole. The property is situated in the prime pedestrianised section of South street with return frontage to New Street and close to pay and display car parks.

M and Co are located adjacent to the premises and many additional major name retailers will be found along South Street.

These character Grade II Listed premises formerly housed a caf� bar business and comprise a spacious ground floor which has been partitioned to provide a large restaurant/bar space with food preparation room and accessible WC.
A good sized basement provides male and female customer WC's + staff WC, kitchen, food prep and storage.


Ground Floor 1,160 sq ft 107.76 sq m
Basement 1,032 sq ft 95.87 sq m
Total Internal Area 2,192 sq ft 203.63 sq m


Rateable Value £15,000
Source www.voa.org.uk The 2024/2025 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.


TO LET
The premises are available by way of a new full repairing and insuring lease for a term to be agreed at a rent of £30,000 exclusive of rates VAT (if applicable) and all other outgoings in year 1, then rising by 10% per annum for each of the first 5 years when there will be provision for review.

FOR SALE
Alternatively the premises are available for sale. They are held on the residue of a 999 year lease from 25 December 2006 at a current ground rent of £100 per annum.
Offers are invited in the region of £450,000

Service Charge:
A service charge levied to cover communal costs. We are advised that this is currently £483 per quarter.


Interested parties are advised to make their own enquiries of the Local Authority for confirmation.


Asset Rating - C65


Characterful, Prominent Town Centre Former Cafe Bar ( Agency Pilot Software ref: 8000 )

Location

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Location: Unit 1, 43 South Street, Dorchester, Dorset, DT1 1DQ

Dorchester South (0.3 miles)

Dorchester West (0.5 miles)

Upwey (4.7 miles)

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