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An opportunity to acquire the freehold interest in an investment property. The property benefits from a sales area of 867 sq ft (80.5 sq m) with a further 770 sq ft (71.5 sq m) of ancillary accommodation provided over three floors. The property is situated in an excellent position on St Mary's Street; within the towns main retail area, just a short walk from the marina to the west and the sandy beach to the east. The property is located close to many well-known retailers including; Boots, Vision Express, Vodafone, Three, Carphone Warehouse, EE, Saltrock, Holland & Barrett, McDonalds, The Works, Pandora etc. TK Maxx, Cineworld etc can be found in the small shopping centre and car park nearby. Weymouth is also home to a wide range of various local retailers.r
* Prime Retail Investment For Sale
* Not Elected For Vat
* Prominent Position In A Busy Seaside Town
* Niy 7.6% (Assumed Purchase Costs 3.62%)
* Passing Rent £26,000 Pa
* Epc Rating D (77)r
The property is situated in a prime pitch on St Mary's Street; within the towns main retail area
The property comprises a ground floor retail unit with associated ancillary accommodation and welfare facilities over three floors. The retail area widens about halfway back to the right
SCHEDULE OF ACCOMMODATION:
Ground floor retail area 867 sq ft (80.5 sq m)
Ground floor ancillary 144 sq ft (13.5 sq m)
First floor ancillary 316 sq ft (29.4 sq m)
Second floor ancillary 309 sq ft (28.7 sq m)
Total NIA 1
Let to 'Weirdfish Limited' (Company Number ------)
The property is let on a 5 year full repairing and insuring lease from 24 June 2020
We are instructed to seek
We have been advised by the tenants that the following works have been organised:
Decoration: To the external elevation fronting St Mary's Street along with some internal areas.
Windows: The three windows at first floor level facing St Mary's Street are to be replaced.
ENERGY PERFORMANCE CERTIFICATE:
The property has an EPC Rating of 77 (D). A copy of the EPC is available upon request.
VALUE ADDED TAX:
Please note this property is not registered for VAT.
For further information or an appointment to view please contact either:-
Thomas Hewitt on ------or via email [email protected]
Mike Nightingale on ------or via email [email protected]
AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] No responsibility is taken for expenses incurred should the property be sold
Weymouth is popular due to its coastal location and has further benefited from the 2012 Olympics. The town centre