Freehold Investment

Located in the heart of the attractive town centre of Wareham, a popular Dorset market town, this three storey property is currently let under the terms of a commercial lease and producing a healthy income. The existing lease runs until December 2028 at which point any new owner may wish to consider negotiations with Age UK to perhaps gain control of the upper parts, whilst continuing to let the ground floor to them under fresh commercial terms, or perhaps using the ground floor for their own use. This would open up the possibility of development of the upper two floors, subject to all necessary consents being obtainable. The property benefits from rear access from Mill Lane, which will be particularly useful when considering options to develop the upper parts or perhaps the land to the rear of the property.

Ground Floor

Main retail area, rear store rooms and office, staff cloakroom and W.C.

First Floor

Staff kitchen/dining room, ancillary store rooms and bathroom.

Second Floor

Loft room currently used for storage.

Tenancy

Currently let on a 10-year commercial lease from and including 25th December 2018 at a current rental of £19,000 per annum.

Tenure

Remainder of a 999-year lease from 10th October 1761.

EPC Rating

E (117). Total Floor Area 228 sq.m.

Local Planning Authority

Dorset Council. Tel: 01305 838336. Website: dorsetcouncil.gov.uk