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Cheap Street, Sherborne, Dorset

Guide Price
£500,000
Symonds & Sampson, Sturminster Newton
PROPERTY TYPE
Retail Property (high street)

Key features

  • For sale by live stream auction 24 September 2021
  • Beautiful listed grade II building
  • On the main street in Sherborne.
  • The shop is tenanted at 30K per annum.
  • 4 flats above for improvement raising potential income to 50K plus.
  • Development opportunity at the rear of the property with a range of garages stpp
  • Central trading position

Property description

Tenure: Freehold

LOT 16: FOR SALE BY LIVESTREAM AUCTION ON 24 SEPTEMBER 2021 FROM 12.00PM

A Grade II listed building in the centre of this popular market town with well-established tenant renting the shop and 4 flats above.

• A Class A1 retail shop let to Quba sales £30,000 per annum (10 years from 1 August 2017)
• 4 one bedroom self-contained flats. Anticpated income in excess of £20,000.
• Garages and parking for about 5 vehicles. A yard area with a block of dilapidated garages for possible redevelopment, subject to planning permission

Tenancy: Shop tenancy 10 years commencing 1 August 2017. Break clause/ rent review 2022 passing or open market rent.

Tenancy agreement available from the auctioneers on request.

Shop accommodation: about 100sqm: Retail area, changing room, store room, store, office, kitchen, cloakroom.

Flat 1: about 51sqm: Open plan kitchen/living/dining room, bedroom, bathroom.

Flat 2: about 39sqm: Kitchen, living room, bedroom, bathroom.

Flat 3: about 46sqm: kitchen, living/dining room, bedroom, bathroom.

Flat 4: about 26sqm: kitchen/dining room, bedroom, bathroom, cloakroom.

Sherborne is an extremely popular Abbey town with an excellent range of independent shops, cafes and restaurants, along with sports facilities connected to the schools. The local schooling is well regarded, be it independent with Sherborne Boys and Girls, the Prep or the local state school – The Gryphon. There is also an excellent choice of local nurseries and primary schools.
There are direct trains from Sherborne to London Waterloo (2 hrs, 20 mins) and Exeter.

Brochures

Particulars

Cheap Street, Sherborne, Dorset

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Sherborne Station0.3 miles
  • Thornford Station3.7 miles
  • Yeovil Pen Mill Station4.3 miles
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About the agent

Symonds & Sampson, Sturminster Newton

Agriculture House, Market Place, Sturminster Newton, DT10 1AR

Symonds & Sampson, Sturminster Newton

Ethos

To be the most respected firm in the region. Symonds & Sampson are a long established firm of Chartered Surveyors being specialist Estate Agents and Letting Agents with an in-depth knowledge of the regional property market.

Professionalism is the bedrock of the firm and we presently have 49 qualified staff who are either Members of the Royal Institution of Chartered Surveyors, ARLA or NAEA.

Our spread of 10 offices throughout Wiltshire, Dorset, Somerset and Devon toge

More properties from this agent

Industry affiliations

Association of Residential Letting AgentsNational Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)

Notes

These notes are private, only you can see them.

Disclaimer - Property reference STU190126. 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 Symonds & Sampson, Sturminster Newton. 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.

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 Symonds & Sampson, Sturminster Newton on 01258 919015.

*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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