£775,000

Retail premises for sale

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Share of Freehold

Guide price

£775,000

(£130.65/sq. ft)

Retail premises for sale

Cornhill, Dorchester DT1

5,932 sq. ft

Local area information

Property location

Nearby amenities

  • Sunninghill Preparatory School 0.3 miles
  • Dorchester West 0.4 miles
  • Dorchester South 0.4 miles
  • St Mary's Catholic First School, Dorchester 0.6 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Share of freehold
  • 2 Prime retail units with space above
  • 4 Cornhill produces £43,750 pa
  • 5 Cornhill is ready for development into 3 flats and a smaller shop below
Income Producing Development Opportunity

2 Prime Shops with large upper parts one with immediate development potential and the other passive.

4 and 5 Cornhill sit in a prime location in the main pedestrianised high street in Dorchester, Cornhill through to South Street.

The property comprises two separate Grade II Georgian Properties over 5 floors including basements. Whilst the upper floors are similar 4 Cornhill has been extended at the rear whereas 5 Cornhill has not.

4 Cornhill is let in its entirety to British Heart foundation for a 10 year lease from 30 January 2014 on an Fri lease with 5 yearly reviews at a rent of £43,750pa

5 Cornhill is vacant. The unused upper floors have planning consent** for three 1 bed flats with a smaller shop on ground floor. A new entrance and shop front will need to be formed.

In more detail the accommodation comprises:-
4 Cornhill
Ground floor sales and store 1541sqft
Basement 530sqft
First Floor 573sqft
Second Floor 573sqft
Third Floor 459sqft
Total 3676sqft
rv £39,500

5 Cornhill
Ground Floor Sales 602sqft
Basement 575sqft
First Floor 475sqft
Second floor 337sqft
Third floor 275sqft
Total 2256sqft
rv £31,000 (Listed so exempt when vacant)

Offers are sought for the sale of both properties by private treaty at a guide price of £775,000.

** Planning application Ref P/lbc/2021/02406

Situation

4 and 5 Cornhill are situated in the heart of Dorchester in the Cornhill/ South Street pedestrian parade in amongst retailers such as Boots, White Stuff, Seasalt and underpinned by Lloyds Bank on the corner with High West Street. Waitrose is close-by.

Dorchester is a vibrant County Town with a wealthy rural catchment and it is well served by amenities with a good mix of pubs and restaurants close-by, museums, two railway stations (Bristol and London) and a County Hospital. There is a regular market, good quality schools and it is an important all year tourist destination and gateway to the Jurassic Coastline.

Epc

EPC: N/a listed properties

Finance Act 1989

Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T). Any intending purchasers or lessees should satisfy themselves independently as to VAT in respect of any transaction.

Legal Costs

Each party to be responsible for their own legal costs incurred in the transaction.

Outside

EPC: N/a listed properties

Finance Act 1989
Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T). Any intending purchasers or lessees should satisfy themselves independently as to VAT in respect of any transaction.

Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction.

Situation

4 and 5 Cornhill are situated in the heart of Dorchester in the Cornhill/ South Street pedestrian parade in amongst retailers such as Boots, White Stuff, Seasalt and underpinned by Lloyds Bank on the corner with High West Street. Waitrose is close-by.

Dorchester is a vibrant County Town with a wealthy rural catchment and it is well served by amenities with a good mix of pubs and restaurants close-by, museums, two railway stations (Bristol and London) and a County Hospital. There is a regular market, good quality schools and it is an important all year tourist destination and gateway to the Jurassic Coastline.

Floor plans and tours

Floor plans (1)

Floor plan 1

More information

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