44 High St - Storefront FOR SALE


Shaftesbury, DOR SP7 8JG
$395,000 USD
44 High St, Shaftesbury, DOR for Sale
$395,000 USD
Storefront - FOR SALE
1/16
null | Request Cap Rate

44 High St
Shaftesbury, DOR SP7 8JG


HIGHLIGHTS

  • 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

OVERVIEW

Investment/ development opportunity in affluent market town. Residential potential on upper floors. 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. 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 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 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.

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,277 SF

ZONING

-

APN/PARCEL ID

DT218386

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Robert HortonWoolley & WallisMore Info

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Robert HortonWoolley & WallisMore Info

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