Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment and development opportunity situated on a prime pedestrianised pitch in Dorchester.
Arranged as three retail units and yard space with frontages to South Street and Trinity Street, the property is fully let to three tenants producing a total rent of £99,333 per annum with fixed rental uplifts.
The property benefits from two separate planning consents (Ref: P/PACD/2023/03638 and P/FUL/2021/04625
for conversion of the upper parts to provide 6 x flats (3 x One Bedroom and 3 x Two Bedrooms).
The property occupies a prime pitch with frontages to the pedestrianised South Street and Trinity Street to the rear, the street is also the principal pedestrian thoroughfare from several town centre car parks, with approx. 415 spaces. The surrounding area is characterised by national retailers including Waterstones, New Look, Caffe Nero and Fat Face. Tudor Arcade is nearby which is anchored by a Waitrose supermarket.
Tenure
Freehold
Tenancy
Please see the below Tenancy Schedule for more information.
Planning
The property benefits from two separate planning consents (Ref: P/PACD/2023/03638 and P/FUL/2021/04625 for conversion of the upper parts to provide 6 x flats (3 x One Bedroom and 3 x Two Bedrooms).
There is a further planning consent for the creation of a new access and staircase from South Street to facilitate development of the upper parts. This consent has been implemented and the entrance and staircase have already been constructed.
Rent