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Retail Property (high street) for sale

Longmoor Street, Poundbury, Dorchester, Dorset, DT1 3GN

Sold STC £125,000
1,000 sq. ft.

Property Description

Commercial information

  • 1,000 sq ft (92 sq m)

Full description

Tenure: Leasehold

An attractive retail investment property producing £9.000pa fronting Pummery Square in Poundbury, the nationally renowned development by the Duchy of Cornwall.

The retail property is configured around a central door with return display windows to Pummery Square and to the side of Longmoor Street. There is rear access with a goods door and car park.

Total 704sqft gross internal.

The premises are let for 9 years from 16th March 2017 with 3 yearly rent review and 3 yearly tenants breaks.

The tenant pays the Poundbury Manco Charge currently £150 and the Poundbury Trust £20 for the car park.

The headlease investment is the balance of 125 years from 9th March 2001 at a peppercorn rent.

RV £8,100

The property is located in a convenient position within Pummery Square with a return frontage to Longmooor Street. Pummery Square is in the sought after original part of the Duchy's Poundbury in a square which includes several shops including Poundbury Stores, the Poet Laureate Public House, The Octagon Café and the Brownsword Community Hall. There is ample customer parking outside the premises.

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