Freehold Convenience Store Investment
Summary
- Prominent commercial unit fronting Sandford Road
- Total income of £17,500 per annum with 12 years, 11 months unexpired term
- 110.55 sq m (1,190 sq ft)
- Forecourt parking for 7 vehicles + bicycle & motorbike parking
- 20,000 average annual daily vehicle movements (source: roadtraffic.dft.gov.uk/)
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m |
| Ground - Retail area | 1,085 | 100.80 |
| Ground - Office/store | 105 | 9.75 |
| Total | 1,190 | 110.55 |
Location
The property is located in an excellent position fronting the very busy Sandford Road (A351). The A351 provides principle access to Wareham, The Isle of Purbeck and Swanage. The last manual traffic count (2022), showed over 20,000 average annual daily vehicle movements for this section of the A351 (source: https://roadtraffic.dft.gov.uk/).
Sandford is an established residential location which is located approximately 1.5 miles to the east of Wareham Town Centre.
Get directions from Google Maps
Mainline Stations
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Wareham (Dorset)21 mins
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Holton Heath21 mins
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Hamworthy74 mins
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Corfe Castle98 mins
Underground Station
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Reading1381 mins
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Twyford1460 mins
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Maidenhead1585 mins
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Taplow1614 mins
Further Information
Price Offers in excess of £250,000.00
Rates Payable Upon Enquiry
EPC Rating This property has been graded as C (57)
Description
The property comprises a single storey detached building used as a convenience store. A small office/store is located to the rear of the property which leads out to a small external yard area.
The property has the benefit of forecourt parking at the front for a maximum of 7 car parking spaces together with allocated bicycle and motorbike parking.
Tenure
The premises are available for sale on a freehold basis. subject to the existing tenancy
Tenancy
Let to Mary Jeyakumar trading as Sandford Road Convenience Store on a Full Repairing and Insuring Lease for a term of 15 years with open market rent reviews every 5 years from November 2021 at a rent of £17,500 per annum exclusive. There is security in the form of a rent deposit of £4,375.
Price
Offers in excess of £250,000.
Business Rates
We are verbally informed that the property has a rateable value of £21,500. The Rates Payable will be determined by the Uniform Business Rate Multiplier which is set by the Government annually.
Energy Performance Certificate
The property has an energy rating of C-57. A copy of the full EPC is available on request.
Legal Costs
Each party to be responsible for their own legal costs.
Planning
We understand the property has the benefit of a Planning Consent for uses falling within Class E, within the Town & County Planning (Use Classes) Order 1987 as amended.
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