Ground Floor 11, Salisbury Street, Blandford Forum, Dorset
, DT11 7AU
, United Kingdom Price: Sale Price: £110,000
Size: 639 sq ft59 sqm Primary Category: Shop All Categories:
Shop, Property Ref/Movehut: MH640877 Property Ref/Agent: 7089
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: June 8, 2021
Blandford is situated between Cranborne Chase and the Dorset Downs, to the south east of the Blackmore Vale, 13 mi (21 km) northwest of Poole and 22 mi (35 km) southwest of Salisbury. It is sited in the valley of the River Stour, mostly on rising ground northeast of the river, but with some development south of the river at Blandford St Mary. The A354 Salisbury Road connects Blandford Forum to the City of Salisbury and the A350 connects towards Poole.
Blandford's retail offering predominantly comprises of two principle trading areas, Salisbury Street and East Street each boasting a mix of independent and national retailers. The subject property is situated in a prime trading position on Salisbury Street with nearby national occupiers including Costa, Subway and Boots Pharmacy.
There are a number of public car parks within walking distance of the subject property.
The building comprises an attractive Grade ll Listed three storey mixed use property constructed of red brick under a pitched roof with sash windows. The ground floor comprises a retail unit with traditional shop frontage and modern plate glass with recessed doorways, separated by doorway providing street level access to the residential apartments.
The upper parts have been sold off on a freehold basis. The ground floor will benefit from a new 999 Long Leasehold interest.
11 Salisbury Street
Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, cafe`, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.
Asset Rating 11 Salisbury Street D94
11 Salisbury Street - £7,600
The units can be acquired together at a price of £110,000 reflecting a gross yield of 8.14%
Please note all prospective purchasers will need to be verified for 'Anti Money Laundering' purposes prior to issuing memorandum of agreed terms of sale.
11 Salisbury Street let under a lease dated 4th January 2019, for a term of 10 years commencing the 21st December 2018. The property is let to B & A Computers Ltd at a passing rent of £9,000 PAX. There is a break clause in favour of the tenant on the 21st of December 2023. There is a rent review on the 21st of December 2023. The tenant is covenanted to keep the property in 'good and substantial repair'. There is a provision for service charge payable on an ad-hoc basis. The tenant benefits from the protection of the Landlord and Tenant Act 1954.
Attractive market town
Ground Floor Lock-up
Peppercorn Ground Rent
Can be acquired individually or together
999 Long Leasehold
Combined rent of £17,500 PAX
EPC for Ground Floor 11, Salisbury Street, Blandford Forum, Dorset
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