Dorchester Road, Weymouth, Dorset, DT4
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
9
- BATHROOMS
5
- SIZE
4,767 sq ft
443 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Investment Opportunity
- 5 Flats
- 2 Commercial Units
- 1 Commercial unit is subject to planning consent
- 7.6% yield
Description
Presenting a rare investment opportunity, this unbroken freehold block of 5 apartments and 2 Commercial units is now available for sale. Situated in a popular Weymouth location, this property boasts tremendous potential for investors.
Comprising a mix of apartment types, the block includes one well presented 1 bedroom apartment and two 2 bedroom apartment on the first floor and a further two spacious 2 bedroom apartments on the third floor. The ground floor of the property is split in to two commercial units, the smaller of which i subject to a planning application for a residential conversion and the other is currently occupied by a well established national business.
All rental figures are available to view on request. 2023/2024 income was recorded at £66,276 giving the property an attractive potential yield of 7.6%.
The accommodation comprises:
On the Ground Floor ( 1,679 sq ft )
Fronting Dorchester Road a Retail unit comprising some 923 sq ft (86 sq m) including a WC. let to Sue Ryder on a FR&I lease at a rental of £12,000pa
Behind this fronting the side of the block is a smaller unit of 324 sq ft (30 sq m) with a WC across a passageway currently trading as a hairdresser producing £6,000pa from a Tenant holding over on an expired lease.
On the First Floor ( 1,883 sq ft )
Flat 1
Landing
Living Room
Small Kitchen
Shower Room/WC
Bedroom
Producing £6,660pa on a AST
Flat 2
Landing
Open Plan Lounge/Kitchen
2 Bedrooms
Shower Room/WC
Producing £9,432pa on a AST
Flat 5
Landing
2 Bedrooms
Shower Room
Separate WC
Open Plan Lounge/Diner/Kitchen
Producing £11,052pa on a AST
On the Second Floor ( 1,205 sq ft )
Flat 3
Landing
2 Bedrooms
Open Plan Lounge/Kitchen
Shower Room/WC
Producing £9,708pa on a AST
Flat 4
Landing
2 Bedrooms
Shower Room/WC
Open Plan Lounge/Kitchen
Producing £11,424pa on a AST
All apartments have Gas fired central heating to radiators are well insulated and have smoke alarms fitted. They were all found to be in reasonable decorative order with no obvious major issues.
For more details and information please contact the agent
Floorplans to follow
EPC's Available on Request:
Occupied Commercial Unit : C
Flat 1 : D
Flat 2 : E
Flat 3 : E
Flat 4 : D
Flat 5 : E
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Dorchester Road, Weymouth, Dorset, DT4
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Visit our security centre to find out moreDisclaimer - Property reference R117DR. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Maxgate Properties, Dorchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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