Commercial Investment, 5 North Street, Wareham, BH20 4AB
| Reference: | SGC/6421 |
|---|---|
| Property Type: | Investment |
| Property Term: | Long leasehold |
| Contract: | For Sale |
| Size: | 2,087ft2 |
| Price: | £325,000 |
LOCATION
Wareham is situated 8 miles to the west of Poole and 3.5 miles north of Swanage and is considered the Gateway to the natural beauty of the Purbecks. The town has seen good growth in terms of population (currently approx. 6,000) and in commerce / industry.
This Grade II listed property is situated in the very heart of this attractive Purbeck market town established in the 16th Century, opposite One Stop, Boots, the Post Office and adjacent Savers.
ACCOMMODATION
Grade II Listed building
Ground Floor
Shop - 611 sq ft
Ancillary offices / store - 406 sq ft
Cloakroom / WC
Kitchen
First Floor
Offices / Stores – 764 sq ft
Second Floor
Store – 306 sq ft
Outside
Good size garden / yard providing car parking accessed from the rear.
LEASE
The whole building is let to Age UK for a term of 10 years from 25/12/2018 at a current rent of £19,000 pax subject to outstanding rent review from December 2023, no tenant break clause. The lease is held on full repairing and insuring terms.
PRICE
£325,000 – subject to and with the benefit of the occupational lease to Age UK
TENURE
Long leasehold. Approx 737 years unexpired at a peppercorn rent.
ENERGY PERFORMANCE CERTIFICATE
Assessment - Band E
The full EPC and recommendations report are available on request.
ANTI MONEY LAUNDERING REGULATION
We will need to verify the identity of prospective purchasers and tenants for AML purposes prior to issue of any memorandum of agreed terms. Further details will be provided.
BUSINESS RATES (source: www.voa.gov.uk)
Rateable value - £14,250 (April 2023)
50.6864755, -2.1129819
Property Misdescription Act and Misrepresentation Act: These particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. Nettleship Sawyer cannot guarantee the accuracy of any description, dimension, references to condition, necessary permissions for use and occupation and other details contained herein and the prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy. No employee of Nettleship Sawyer has any authority to make or give any representations or warranty or enter into any contract whatever in relation to the property. Rents or prices quoted in these particulars may in addition be subject to VAT. Nettleship Sawyer will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.