Cornhill, Dorchester

Income Producing Investment

4 and 5 Cornhill sit in a prime location in the main pedestrianised high street in Dorchester, Cornhill through to South Street.

The property comprises two separate Grade II Georgian Properties over 5 floors including basements. Whilst the upper floors are similar 4 Cornhill has been extended at the rear whereas 5 Cornhill has not.

4 Cornhill is let in its entirety to British Heart Foundation for a 5 year lease from 01 February 2024 on an FRI lease with tenant break at year 3 at an annual rent of £30,000pa.

5 Cornhill is let to Ferne Animal Sanctuary from 20th May 2024 for 15 years on an IRT lease. Let on a stepped rent of £20,000pa rising to £21,000pa and then £22,000pa over the first 3 years. Rent Review to market every 5 years (capped at 5% compounded).

In more detail the accommodation comprises:-
4 Cornhill
Ground floor sales and store 1541sqft
Basement 530sqft
First Floor 573sqft
Second Floor 573sqft
Third Floor 593sqft
Total 3,676sqft (Approx.)

RV £39,500

5 Cornhill*
Ground Floor Sales 602sqft
Basement 575sqft
First Floor 475sqft
Second floor 337sqft
Third floor 275sqft
Total 2,256sqft (Approx.)

RV £31,000


* Planning application Ref P/LBC/2021/02406 for the conversion of the upper floors to residential use

Situation - 4 and 5 Cornhill are situated in the heart of Dorchester in the Cornhill/ South Street pedestrian parade in amongst retailers such as Boots, White Stuff, Seasalt and underpinned by Lloyds Bank on the corner with High West Street. Waitrose is close-by.

Dorchester is a vibrant County Town with a wealthy rural catchment and it is well served by amenities with a good mix of pubs and restaurants close-by, museums, two railway stations (Bristol and London) and a County Hospital. There is a regular market, good quality schools and it is an important all year tourist destination and gateway to the Jurassic Coastline.

Epc - EPC: TBA (Listed Buildings)

Finance Act 1989 - Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T). Any intending purchasers or lessees should satisfy themselves independently as to VAT in respect of any transaction.

Legal Costs - Each party to be responsible for their own legal costs incurred in the transaction.