FOR SALE - Rare Opportunity to Secure Prime Shop Premises with Living Accommodation in Sought After Market Town
The attractive and historic East Dorset market town of Wimborne Minster is situated approximately 5 miles north of Poole and some 10 miles north west of Bournemouth.
The town features a vibrant mixture of local and national retailers and also features a strong foody scene with a number of quality independent restaurants, cafes and bars trading alongside national operators Wetherspoons, Costa and Prezzo. Loungers are due to open on The Square in April 2023.
Both Waitrose and Co-op have supermarkets in the town and other major retailers represented include: Mint Velvet, Fat Face, Crew Clothing, White Stuff, Superdrug, WH Smith, Seasalt and Moshulu.
The premises occupy an excellent trading location within Wimborne's busy High Street adjoining McColl's and opposite Phase Eight and Santander with roadside parking (subject to daytime limited waiting) available opposite
The town centre benefits from a number of car parks collectively offering over 1,100 car parking spaces. The High Street car park (40 spaces) is located immediately to the rear of the subject premises.
A Grade ll listed property offering a spacious ground floor shop unit together with DDA compliant WC. Stud partitioning currently provides storage space within the overall net useable area.
A self contained first floor flat is accessed from the rear and comprises entrance lobby, kitchen/lounge, 3 double bedrooms, bathroom, boxroom and second WC plus loft space
Double Fronted Shop
Internal Width: 30'4" (9.25 m) max
Net Potential Sales Area: 972 sq ft (90.33 sq m)
First Floor Flat
3 Double Bedrooms and Boxroom - 856 Sq. Ft. (79.55 Sq. M.)
Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, caf�, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.
Shop - Asset Rating - D79
Flat - Asset Rating - D65
Rateable Value £35,750
Source www.voa.org.uk The 2023/2024 small business multiplier is 0.499 (4.99p 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.
Offers are invited in the region of £850,000 for the freehold interest.
Both shop and flat are currently let as follows:-
1-3 High Street (The Shop) Let to a private individual at a rent of £50,000 per annum, exclusive. The tenant has exercised an option to break with effect from 15th November 2023.
5 High Street (The Flat) We are advised that this is let by way of an Assured Shorthold Tenancy at a rent of £1,100 per calendar month. We are further advised that this has reverted to a Statutory Periodic Tenancy with vacant possession being possible upon the granting of two months' notice to the tenant. We have not had sight of the tenancy agreement.
All interested parties should be aware of the Code of Leasing Premises 1st Edition, February 2020, for England and Wales, which recommends that they should seek professional advice from property professionals before agreeing or entering into a business tenancy.
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