46 South Street & 4/5 Trinity Street, Dorchester, Dorset, DT1 1DQ
- PROPERTY TYPE
Mixed Use
- BEDROOMS
1
- SIZE
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Description
Guide Price £975,000+
The property will be sold by public auction on 13th May at 12:24am
Legal Documents
For a complete view of the legal documents, please download the legal pack from our website.
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Description
Freehold
High-Yielding Retail Investment and Development Opportunity: 3 x Retail Units and Associated Upper Parts Fully Let to Separate Tenants with Consent to Convert the Upper Parts to Provide 6 x Flats and Fixed Uplifts to £100,167 in 2025 and £101,000 in 2026 on an Investment Let at £99,333 per annum. Reflecting a yield 2025 Yield of 10.27% and 2026 Yield of 10.36%
The property presents a high-yielding retail investment and development opportunity in a prime pedestrianised location in Dorchester.
Currently configured as three retail units with yard space, the property benefits from dual frontages on South Street and Trinity Street. It is fully let to three tenants, generating a total annual rent of £99,333, with fixed rental uplifts in place. Reflecting a yield 2025 Yield: 10.27% and 2026 Yield 10.36%
Additionally, the property has two separate planning consents (Ref: P/PACD/2023/03638 and P/FUL/2021/04625) for the conversion of the upper floors into six residential flats (three one-bedroom and three two-bedroom units).
Location
The property is strategically situated in Dorchester's town center, featuring dual frontages: the pedestrianised South Street at the front and Trinity Street at the rear. South Street serves as the primary pedestrian thoroughfare connecting several town center car parks, collectively offering approximately 415 parking spaces.
The surrounding area hosts a variety of national retailers, including Waterstones, New Look, Caff Nero, and Fat Face. Additionally, the nearby Tudor Arcade, anchored by a Waitrose supermarket, enhances the retail appeal of the vicinity.
Viewing Times
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Brochures
Legal DocumentsOnline Bidding46 South Street & 4/5 Trinity Street, Dorchester, Dorset, DT1 1DQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Dorchester West Station0.3 miles
- Dorchester South Station0.3 miles
- Upwey Station4.7 miles
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Swift Property Auctions, London on 020 7123 9417.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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