18 South Street, Dorchester, DT1 1BS

Description

Lease Assignment - Prime Town Centre Shop Premises

Dorchester is the county town of Dorset and is located 8 miles north of Weymouth and 20 miles west of Poole.
The property occupies a prime pedestrianised trading position within Dorchester's principal trading thoroughfare of South Street adjacent to Superdrug and nearby to Peacocks, Fat Face, Mountain Warehouse, WH Smith, Barclays Bank.

These well-presented premises comprise a good-sized shop unit together with ancillary space at first floor level where a large stock room, office and staffroom / kitchen are provided.

Excellent rear loading facilities are provided and the property also benefits from 4 car parking spaces within the rear car park.

The shop benefits from Karndean type timber effect floor covering, infra-red burglar system, ceiling mounted spotlighting and air conditioning.


Accommodation

Ground Floor
Net Sales Area - 1,240 Sq ft. (115.20 Sq. M.)
Understairs Storage 30 Sq.Ft (2.79 Sq. M.)
First Floor
Store Room 581 Sq. Ft. (53.97 Sq.M.)
Office 114 Sq. Ft. (10.59 Sq. M.)
Staffroom/Kitchen 75 Sq. Ft. (6.97 Sq. M.)
Total Internal Area 2,040 Sq. Ft. (189.52 Sq. M.)


Rating

Rateable Value £42,000
Source www.voa.org.uk The 2024/2025 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.

Terms

The premises are available by way of an assignment of an existing lease dated 14th November 2024 with a passing rent of £30,000 per annum plus VAT, exclusive expiring on 30th June 2029.

The rent will be reviewed as follows:
1st July 2026 increasing to £45,000 per annum
1st July 2028 increasing to £50,000 per annum

The lease benefits from a photographic schedule of condition and is inside the Landlord and Tenant Act 1954 Part II (Security of Tenure).


Planning

Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, cafe`, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.


EPC Text

Asset Rating - D (99)


Anti Money Laundering

All interested parties should be aware of the Code of Leasing Premises 1st Edition, February 2020, for England and Wales, which recommends that they should seek professional advice from property professionals before agreeing or entering into a business tenancy.
( Agency Pilot Software ref: 7646 )