Retail Investment Opportunity in Weymouth

Prime Shop

32 St Mary Street Weymouth Dorset DT4 8PN

Investment Property For Sale: £200,000
Total Floor Area: 167 sq.m/1,801 sq.ft
Net Investment Income: £12,000 per annum




Last updated: 17 Oct 2016 Ref: W009705FHT

Property Description

A Grade II listed mid-terrace property having rendered elevations under a main slate roof. The premises are currently arranged to provide a ground floor coffee shop with cellar together with three upper floors. The first floor offers customer WC’s plus kitchen and storeroom. The remainder of the first floor together with the second and third floors probably have historically provided a maisonette, albeit most recently only the second and third floor have, we understand, been inhabited.

Measurements

  • Net Internal Floor Area
Prime Shop 32 St Mary Street Weymouth - Sophias Kitchen
Measurementimperialmetric
Basement243 sq.ft23 sq.m
Ground Floor636 sq.ft59 sq.m
First Floor433 sq.ft40 sq.m
Second Floor274 sq.ft25 sq.m
Third Floor215 sq.ft20 sq.m
Net Frontage14′6″4.42 m
Shop Depth50′9″15.47 m
Total Floor Area1,801 sq.ft167.32 sq.m


Agent's Disclaimer

These particulars are believed to be correct, but their accuracy is not guaranteed and they do not constitute an offer or contract. Strictly subject to contract, all measurements approximate. Agents Note: At no time have we undertaken a structural survey and services have not been tested. Interested parties should satisfy themselves as necessary, as to the structural integrity of the premises and condition/working order of services, plant or equipment.


Sale Terms

Offers are sought in excess of £200,000 subject to contract and exclusive of VAT. This equates to a capital value of £111 per sq ft.


Tenant, lease and rent summary

32 St Mary Street Weymouth DT4 8PN
Retail UnitTenantRental IncomeLease Dates
Prime Shop Sophias Kitchen £12,000 No -break
Total Rent £12,000


Covenant Information:

Sophias Kitchen

The premises are currently occupied by Mrs Emma Bell under a licence agreement and trading as Sophia’s Kitchen. It is proposed that Mrs Bell will enter into a new full repairing and insuring lease for a term of 5 years at a rising rent as follows: Year 1 £12,000, exclusive, Year 2 £14,000, exclusive Year 3 £16,000, exclusive Year 4 £18,000, exclusive Year 5 £20,000, exclusive.

Agent's Disclaimer

These particulars are believed to be correct, but their accuracy is not guaranteed and they do not constitute an offer or contract. Strictly subject to contract, all measurements approximate. Agents Note: At no time have we undertaken a structural survey and services have not been tested. Interested parties should satisfy themselves as necessary, as to the structural integrity of the premises and condition/working order of services, plant or equipment.


There are no plans available to view for this property. Contact the agent for further information

Property Location

Weymouth is situation on the south Dorset coast, serving an estimated population of approximately 63,000 persons. This increases significantly during the summer months due to the high number of tourists who visit the town. Weymouth played host to the sailing events at the London 2012 Olympic Games and has seen considerable inward investment in the local infrastructure. The property occupies a prime pedestrianised trading location within St Mary Street between EE & Holland & Barrett and close to McDonalds. Other major name retailers closeby include Carphone Warehouse, Henri Lloyd, Coffee #1, Card Factory, F Hinds, Vodafone and Boots.

Map



WillisCommercial
Agents Contact Details

Name: Patrick Willis
Company: Willis Commercial
Address: Minster Chambers 43 High Street Wimborne Dorset BH21 1HR
Email:
Email the agent
Direct Dial: (01202) 887555
Mobile: (01202) 887555





Download pdf brochure Brochure for:  32 St Mary Street  Weymouth Dorset DT4 8PN. Investment Property For Sale: £200,000. Total Floor Area: 167 sq.m/1,801 sq.ft. Net Investment Income: £12,000

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