South Street, Dorchester, Dorset, DT1

Opportunity to purchase a commercial portfolio comprising of 3 retail units with vacant upper parts and car park ripe for development (subject to consents) :

41 South Street
Occupied by Scrivens Opticians this part of the ground floor comprises a self- contained lock up shop with access from South Street. The premises comprise of a shop at the front with two consulting rooms, a kitchen, WC and store rooms occupying approximately 90 square metres (969 square feet). The roof has very recently been overhauled.
The Lease:
The premises are held under a lease dated 25 January 2012 for a term of 10 years from and including 6 February 2012 on internal repairing terms. Therefore currently holding over
Rent:
£21,000 per annum payable monthly in advance with a review after the 5th year.


41a South Street
Occupied by BetFred this part of the ground floor comprises of a betting shop with a small kitchen/store, a WC and access to descending stairs leading to a disused cellar at the rear of the accommodation. The ground floor comprises some 75 square metres (807 square feet). The premises have been maintained in reasonable condition.
The Lease:
The premises are held under a lease dated 21 December 2010 for a term of 10 years from and including 21 December 2010 om internal repairing terms. Therefore currently holding over.
Rent:
£28,000 per annum payable quarterly in advance.


1 New Street
Occupied by Mr Jason Major trading as the New Street Bakery. This part of the ground floor comprises a Bakery and Sandwich Bar with a food preparation kitchen behind, of which a small office/store. The ground floor comprises 48 square metres (516 square feet).
The Lease:
The premises are held under a lease dated 2 June 2018 for a term of 5 years on full repairing terms with the exemption that the landlord is responsible for the roof and rain water goods. A new lease on similar terms has recently been agreed but not yet signed
Rent:
£8,000 per annum payable quarterly in advance. The tenants also pay a licence fee of
£250 per annum payable quarterly to park one car in the car park at the rear.


There is substantial vacant accommodation on the 2 upper floors and attic floor. Formerly used as office accommodation for a chiropractor and residential living accommodation. This accommodation is currently in a state of dereliction as it has been unoccupied for a number of years. The power and water supply have been disconnected. It is considered that the premises could at some cost be converted to residential living accommodation subject to consents. The first floor comprises some 172 square metres (1851 square feet). The second floor comprises some 117 square metres (1259 square feet) and the attic which is in 2 section comprises some 45 square metres (484 square feet).

The car park at the rear is vacant but for a licence in the favour of the occupiers of
1 New Street to park one car.