Lot 39 Pair Of Freehold Town Centre Buildings Comprising Five Flats And Two ShopsAuction Date:
15th June 2023
4 & 8 West Street, Blandford Forum, Dorset, DT11 7AJ
Currently let at £50,712 per annum
Previously fully let at £61,512 per annum
This pair of imposing freehold buildings are located in the centre of the attractive Dorset town of Blandford and enjoy a prominent position within the towns main retail area. The retail space of No.8 has recently been extensively renovated to form a café/restaurant across ground and first floors, while the commercial space at number four has been let to Dorset Property for a number of years. The building is predominantly let but two of the five flats are currently vacant, giving scope to increase the already healthy income still further.
4 West Street
Commercial
Main office, rear staff kitchen, cloakroom with W.C.
Tenancy
Let under the terms of a 15-year commercial lease, from 16th March 2012, at a current rental of £11,496 per annum.
Residential
Flat 4C
Living room, kitchen, bedroom and bathroom/W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement for two-years from October 2022 at a current rental of £560 per calendar month.
Flat 4E
Living room, kitchen, bedroom and bathroom/W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement for six months from 1st June 2023 at a current rental of £650 per calendar month.
Flat 4F
Living room, kitchen, bedroom, bathroom/W.C., and balcony.
Tenancy
Currently vacant. Previously let at £600 per calendar month.
8 & 8A West Street
Commercial
Recently renovated to comprise a coffee shop/restaurant across the ground and first floor.
Tenancy
Let under the terms of recently commenced commercial lease at a current rental of £17,436 per annum. Further details will be provided within the legal documents.
Residential
Flat 8B
Living room, kitchen, two bedrooms and bathroom/W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £550 per calendar
month.
Flat 8C
Living/bedroom/kitchen, and shower room/W.C.
Tenancy
Currently vacant. Previously let at £350 per calendar month.
Outside
There are two parking spaces let on licence agreements, one let at £300 per annum and the other at £360 per annum.
Council Tax Bands
All flats are Council Tax Band A.
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
