£395,000
Retail premises for saleHigh Street, Shaftesbury, Dorset SP7
About this property
Investment/ development opportunity in affluent market town. Residential potential on upper floors.
| Let until Sept ‘27 at an overall rent of £36,000 pa
| Early possession available of the upper parts, if required
| Includes rear access and parking
Location
The property is situated on the northern side of the High Street close to its junction with Mustons Lane which links to Bell Street near the Morrisons supermarket. There is also rear access to the property and its parking off Mustons Lane. There are also a number of multiples in the High Street including wh Smith, Holland & Barrett, Superdrug, Boots and Reeve The Baker. The luxury clothing and accessories brand, Fairfax & Favor have also recently opened a store in the Town. 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
The premises comprise a traditional mid-terraced Grade II Listed property with a recessed frontage to the High Street. Ladbrokes have partitioned the shop to suit their requirements to include a sales counter and additional customer wcs. The specification includes a suspended ceiling with inset air-conditioning and LED light fittings. There are also extensive ancillary areas to the rear together with a rear staircase serving as a fire escape. Owing to the sloping nature of the site, the first floor access is at ground level at the rear of the property. The first floor has been extended at the rear by way of a portal frame structure and partitioned internally to meet the needs of a previous occupier. The original first floor area at the front of the property has a second floor area over which is accessed via an integral staircase and which is currently planned in two rooms (originally three). Subject to the necessary consents, there is scope to reconfigure the upper parts to suit various types of commercial use or alternatively for conversion to residential whether that be as a whole or in part.
Accommodation
Approximate Net Internal Areas
(disregarding Ladbrokes partitioning)
Ground Floor (shop)
Shop frontage 7.08 m (23’3”)
Shop depth 17.06 m (55’11”)
m2 ft2
Retail sales 115.91 1,248
Kitchenette 10.43 112
WC - -
Rear storage 75.2 809
Total 201.54 2,169
First Floor (offices)
Front (original) 19.86 214
Rear (modern extension) 96.31 1,038
Second Floor (offices)
Front (original) 32.56 350
Overall total 350.27 3,771
Tenure/ Occupational Leases
Freehold
The ground floor shop is let on a full repairing an insuring lease to Ladbrokes Betting & Gaming Ltd for a term expiring 8 September ‘27 at rent of £27,500 per annum. The upper parts are let to Baillie Jones Ltd (Chartered Surveyors) for a term expiring on the same date at a rent of £8,500 per annum.
Note: Vacant possession of the uppers parts is available to a purchaser, if required/ preferred.
Price
Offers in the region of £395,000.
Although the property is registered for VAT, it is envisaged that the the sale will be affected by way of a Transfer Of A Going Concern thereby avoiding the need for the purchaser to pay VAT.
Business Rates
44 High Street - Rateable Value: £26,500
2 Mustons Lane - Rateable Value: £7,400
Services
We understand that mains electricity, water and drainage are connected to the property.
Caution
Woolley & Wallis Commercial have not tested the services mentioned in these particulars.
Planning
Prospective tenants must satisfy themselves as to the permitted planning uses for the property.
Energy Performance Certificate
44 High Street: 'C' (67)
2 Mustons Lane: 'D' (95)
Viewing
Strictly by through the sole selling agent Woolley & Wallis Commercial. Tel:
| Let until Sept ‘27 at an overall rent of £36,000 pa
| Early possession available of the upper parts, if required
| Includes rear access and parking
Location
The property is situated on the northern side of the High Street close to its junction with Mustons Lane which links to Bell Street near the Morrisons supermarket. There is also rear access to the property and its parking off Mustons Lane. There are also a number of multiples in the High Street including wh Smith, Holland & Barrett, Superdrug, Boots and Reeve The Baker. The luxury clothing and accessories brand, Fairfax & Favor have also recently opened a store in the Town. 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
The premises comprise a traditional mid-terraced Grade II Listed property with a recessed frontage to the High Street. Ladbrokes have partitioned the shop to suit their requirements to include a sales counter and additional customer wcs. The specification includes a suspended ceiling with inset air-conditioning and LED light fittings. There are also extensive ancillary areas to the rear together with a rear staircase serving as a fire escape. Owing to the sloping nature of the site, the first floor access is at ground level at the rear of the property. The first floor has been extended at the rear by way of a portal frame structure and partitioned internally to meet the needs of a previous occupier. The original first floor area at the front of the property has a second floor area over which is accessed via an integral staircase and which is currently planned in two rooms (originally three). Subject to the necessary consents, there is scope to reconfigure the upper parts to suit various types of commercial use or alternatively for conversion to residential whether that be as a whole or in part.
Accommodation
Approximate Net Internal Areas
(disregarding Ladbrokes partitioning)
Ground Floor (shop)
Shop frontage 7.08 m (23’3”)
Shop depth 17.06 m (55’11”)
m2 ft2
Retail sales 115.91 1,248
Kitchenette 10.43 112
WC - -
Rear storage 75.2 809
Total 201.54 2,169
First Floor (offices)
Front (original) 19.86 214
Rear (modern extension) 96.31 1,038
Second Floor (offices)
Front (original) 32.56 350
Overall total 350.27 3,771
Tenure/ Occupational Leases
Freehold
The ground floor shop is let on a full repairing an insuring lease to Ladbrokes Betting & Gaming Ltd for a term expiring 8 September ‘27 at rent of £27,500 per annum. The upper parts are let to Baillie Jones Ltd (Chartered Surveyors) for a term expiring on the same date at a rent of £8,500 per annum.
Note: Vacant possession of the uppers parts is available to a purchaser, if required/ preferred.
Price
Offers in the region of £395,000.
Although the property is registered for VAT, it is envisaged that the the sale will be affected by way of a Transfer Of A Going Concern thereby avoiding the need for the purchaser to pay VAT.
Business Rates
44 High Street - Rateable Value: £26,500
2 Mustons Lane - Rateable Value: £7,400
Services
We understand that mains electricity, water and drainage are connected to the property.
Caution
Woolley & Wallis Commercial have not tested the services mentioned in these particulars.
Planning
Prospective tenants must satisfy themselves as to the permitted planning uses for the property.
Energy Performance Certificate
44 High Street: 'C' (67)
2 Mustons Lane: 'D' (95)
Viewing
Strictly by through the sole selling agent Woolley & Wallis Commercial. Tel:
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