Crown Square, Dorchester, Dorset, DT1

The property is located in Poundbury. Poundbury is a new town or urban extension on the outskirts of Dorchester in the county of Dorset. It is approximately 8.9 miles north of Weymouth, 20.6 miles southeast of Yeovil and 29.4 miles west of Bournemouth. The nearest airport is Bournemouth approximately 31.2 miles northeast which provides both national and international flights.

The subject property is located on Crown Square, one of the new commercial areas in Poundbury, Dorchester. The premises comprises two modern ground floor office units that have been connected to create one useable commercial space. The units total approximately 1,600sqft with pedestrian access to the front from Crown Square and rear access from Crown Place.

The accommodation is split into two individual units around a central reception area. Both units have the benefit of toilet and kitchen facilities. We understand the units have the benefit of mains water, electricity and drainage. There is parking to the rear of the property, which we are told totals 4 spaces.

The property can be sold with vacant posession or it is proposed that on sale completion the current occupier and vendor, Age UK (Dorchester), takes a new lease of the premises on FRI terms for 10 years, with a tenant break at 5 years and a market review of the rent at 5 years. The initial rent would be subject to negotiation with Age UK (Dorchester) and the future investor.

We have checked the Energy Performance Register and note that Unit 1 has an EPC Rating of A24 and Unit 2, a rating of A23, both of which expire in July 2030. We have also checked the VOA rates website, the units have been assessed together and have a total Rateable Value of £16,250.

The units are available to purchase on a long leasehold basis. We understand from Land Registry that there are currently 997 years remaining on the leases. The current service charge for each unit is Unit 1 - £1,984 per annum and Unit 2 - £2,200 per annum.

Unless otherwise stated, all prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves as to the incidence of VAT in respect of any transaction.