89 The Espalande, Weymouth, Dorset, DT4
£414.20 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
338 sq ft
31 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: Class E
E
Description
Gross Initial Yield: 7.14%
Rental Income: £10,000 p.a.
VAT is NOT applicable to this property
Comprises ground floor retail shop t/a convenience store
Property benefits from seating/retail outdoor area at front
Occupying a prominent beach front location only 100 yards from the prime retailing in Weymouth Town Centre.
Property Description:
The property comprises prominent seafront ground floor retail shop t/a convenience store, providing the following accommodation and dimensions:
Ground Floor: 31 sq m (338 sq ft)
Open plan retail area, storage
Tenancy:
The property is at present let to an Individual for a term of 5 years from 1st October 2022 at a current rent of £8,000* per annum and the lease contains full repairing and insuring covenants. Lease within Landlord & Tenant Act 1954.
*Fixed increase to £10,000 p.a. in October 2024 until the remainder of the lease. Vendor will top up rent, so the buyer receives the equivalent of £10,000 p.a. from completion.
Tenure:
Long Leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
Location:
Occupying a prominent beach front location only 100 yards from the prime retailing in Weymouth Town Centre and multiples such as McDonalds, KFC, Sports Direct and Matalan. Weymouth is a popular and attractive South Dorset coastal resort, which benefits from high levels of tourism in the summer months and enjoys good road access from the A35 via the A354
Brochures
89 The Espalande, Weymouth, Dorset, DT4
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Weymouth Station0.2 miles
- Upwey Station2.5 miles
About Blue Alpine, London
54 Welbeck Street, London W1G 9XS
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can a
Notes
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