Guide price
£325,000
Retail premises for saleThe Square, Gillingham, Dorset SP8
About this property
** investment property **
A well balanced, fully let retail/ residential investment situated in an attrractive corner of Gillingham Town Centre
| Current rental income of £25,140 pa
| Gross intial yield of 7.74%
| Two shops and two flats
| Close to High Street
The Situation
Gillingham offers services to cater for most everyday requirements including Waitrose, Asda and Lidl supermarkets, pharmacy, bank, post office, doctors’ surgery, pubs and cafes. Gillingham benefits from a mainline railway station serving London Waterloo (2 Hours) and the West Country and is located just 4 miles from the A303 giving road access to the South West and London via the M3, whilst the A350 provides access to the coast. For more diverse shopping and hospitals, the towns of Yeovil and Salisbury are 30 – 45 minutes by car. The area provides a number of highly regarded state and independent primary and secondary schools and numerous leisure activities are on offer at the local leisure centre as well as golf, horse riding, cycling rugby and football clubs in the vicinity. There are lovely countryside walks and places of interest to visit right on the doorstep.
The Property
Coachman’s Corner is situated just off the High Street in an attractive setting fronting South Street and The Square and comprises an unlisted building of traditional construction with whitewashed brick elevations under a predominantly slate-tiled roof. The building provides two ground floor retail units together with two self-contained flats within its upper parts. The property is currently fully let with a passing rent of £25,140 per annum.
1 Coachman’s Corner, which is let as a pottery workshop, consists of a main sales area, with partitioning to the rear workshop, WC and a corridor that leads to the rear fire escape.
2 Coachman’s Corner is let to a beautician. The layout provides a reception, two treatment rooms and a WC. There is a fire escape to the rear.
The Flats are accessed via a shared corridor which is situated off South Street. Flat 1 provides one bedroom accommodation, a kitchen/ dinner and bathroom. Flat 2 provides two bedrooms over two floors together with a large kitchen/ diner and bathroom.
Tenancy Schedule
See attached details
Services
Mains water, drainage and electricity are connected to the property. Ultrafast broadband is available and all mobile phone networks have good coverage.
Energy Performance Certificates
Shop 1: ‘C’ (51) Shop 2: ‘C’ (58) Flat 1: ‘D’ (56) Flat 2: ‘E’ (49)
Directions
Post code: SP8 4AY
What3words ///
From Shaftesbury take the B3081. At the mini roundabout take the 2nd exit towards the Town Centre. Continue to the end of the High Street and bear left at the Red Lion Pub. Keep left and the property is to the left of Farnfields Solicitors.
A well balanced, fully let retail/ residential investment situated in an attrractive corner of Gillingham Town Centre
| Current rental income of £25,140 pa
| Gross intial yield of 7.74%
| Two shops and two flats
| Close to High Street
The Situation
Gillingham offers services to cater for most everyday requirements including Waitrose, Asda and Lidl supermarkets, pharmacy, bank, post office, doctors’ surgery, pubs and cafes. Gillingham benefits from a mainline railway station serving London Waterloo (2 Hours) and the West Country and is located just 4 miles from the A303 giving road access to the South West and London via the M3, whilst the A350 provides access to the coast. For more diverse shopping and hospitals, the towns of Yeovil and Salisbury are 30 – 45 minutes by car. The area provides a number of highly regarded state and independent primary and secondary schools and numerous leisure activities are on offer at the local leisure centre as well as golf, horse riding, cycling rugby and football clubs in the vicinity. There are lovely countryside walks and places of interest to visit right on the doorstep.
The Property
Coachman’s Corner is situated just off the High Street in an attractive setting fronting South Street and The Square and comprises an unlisted building of traditional construction with whitewashed brick elevations under a predominantly slate-tiled roof. The building provides two ground floor retail units together with two self-contained flats within its upper parts. The property is currently fully let with a passing rent of £25,140 per annum.
1 Coachman’s Corner, which is let as a pottery workshop, consists of a main sales area, with partitioning to the rear workshop, WC and a corridor that leads to the rear fire escape.
2 Coachman’s Corner is let to a beautician. The layout provides a reception, two treatment rooms and a WC. There is a fire escape to the rear.
The Flats are accessed via a shared corridor which is situated off South Street. Flat 1 provides one bedroom accommodation, a kitchen/ dinner and bathroom. Flat 2 provides two bedrooms over two floors together with a large kitchen/ diner and bathroom.
Tenancy Schedule
See attached details
Services
Mains water, drainage and electricity are connected to the property. Ultrafast broadband is available and all mobile phone networks have good coverage.
Energy Performance Certificates
Shop 1: ‘C’ (51) Shop 2: ‘C’ (58) Flat 1: ‘D’ (56) Flat 2: ‘E’ (49)
Directions
Post code: SP8 4AY
What3words ///
From Shaftesbury take the B3081. At the mini roundabout take the 2nd exit towards the Town Centre. Continue to the end of the High Street and bear left at the Red Lion Pub. Keep left and the property is to the left of Farnfields Solicitors.
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