£475,000

Office for sale

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£475,000

Office for sale

High Street, Shaftesbury, Dorset SP7

Local area information

Property location

Nearby amenities

  • The Abbey CofE VA Primary School, Shaftesbury 0.3 miles
  • Shaftesbury School 0.3 miles
  • Gillingham (Dorset) 3.8 miles
  • Tisbury 6.4 miles

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

Features and description

Prominent town centre shop/ office premises
Available as a whole or in part (both for sale or to let)
From approx 1,200 sq ft to 2,500 sq ft

| Front retail building with upper floors as an option
| Rear building as offices over two floors as possible option
| Excellent first floor (front) display area/ room

Location
The property is situated adjacent to Holland & Barratt at the top of the High Street near the Grosvenor Hotel. Other nearby occupeirs include Woolley & Wallis, Nat West, Reeve The Baker, Mistral and Hays Travel. There is a new Morrisons supermarket nearby in Bell Street opposite Shaftesbury Arts Centre. Bell Street Pay & Display car park is also close by. Shaftesbury is an attractive rural town situated some 20 miles west of Salisbury (via the A30) and approximately 8 miles south of the A303 trunk road which links Exeter and the West Country and the M3/London.

Description
Formerly occupied by Barclays Bank and essentially comprising front and rear buildings which currently interlink, the premises can be let as a whole or split in various configurations. Planned mainly over two floors plus a basement and with a second floor area over the front of the property, the part fronting the High street would lend itself well to retail uses having additional space at first floor which has excellent natural light and which in turn leads to the second floor. The rear part of the property could comprise a self-contained office (or similar use) planned over ground and first floors together with basement storage and benefiting from separate access off Church Lane. Freehold disposal options will be considered in respect of the building as a whole and also on the rear part of the property only. A planning application has recently been submitted which makes provision for a new shop front with additional display window to Church Lane.

Accommodation
Approximate Net Internal Areas
m2 ft2
Shop internal frontage 5.35 m (17’6”)
Shop depth (front) 8.27 m (max) m (27’1”)

Ground Floor
Front Retail 42.88 462
Rear Retail/ Office 20.71 223
Rear Office/ store 18.28 197

Basement
Storage 48.77 525

First Floor
Front Retail/ Office 41.51 447
Rear Office 12.72 137
Kitchen 4.27 46
WCs - -

Second Floor
Front Office/ Store 39.20 422

Total 228.34 2,459

Note: The above measurements reflect the existing configuration of the premises. If split, the installation of new staircases / partition walls / relocation of wcs etc will affect the above.

Method Of Disposal
Lease
Available as a whole: Rent on application
Front shop with upper parts: £18,000 per annum
Rear building as an office: £15,000 per annum
Sale
Available as a whole: £475,000.
Rear building: £220,000
(VAT not applicable we are advised)

Business Rates
Current Rateable Value: £12,500.
The Small Business Rate Multiplier for the year 2023/24 is 49.9p in the £. Straight line Tapering Relief is available to qualifying tenant on properties with Rateable Values of between £12,000 and £15,000. If split, the building will need to be reassessed for Business Rates and (100%) Small Business rate Relief may able to some assessments.

Services
We understand that mains electricity, water and drainage are connected to the property.

Planning
Prospective tenants must satisfy themselves as to the permitted planning uses for the property.

Legal Costs
Each party to pay their own.

Code of Practice
You should be aware that the Code of Practice on commercial leases in England and Wales recommends that you seek professional advice from a qualified Surveyor, Solicitor or Licensed Conveyancer before agreeing or signing a business tenancy agreement. The code is available from professional institutions and trade associations or through the website .

References
Financial and accountancy references may be sought from any prospective tenant prior to agreement.

Energy Performance Certificate
The property is currently a shell and will be assessed when the final configuration is determined.

Viewing
Strictly by appointment only through Woolley & Wallis Commercial

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Woolley & Wallis Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Woolley & Wallis Commercial for full details and further information.

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