43B East Street, Blandford Forum, DT11 7DX

£75,000 per annum

Overview

Description

Location

Description

Substantial Retail Showroom with Ancillary Space at Ground and First Floor. 70 Space Rear Car Park Benefitting the Unit.

Blandford Forum is a popular Georgian market town located approximately 20 miles north west of Bournemouth and 25 miles south west of Salisbury. The town offers good shopping facilities featuring a broad range of both independent and multiple retailers.

Major names represented in central Blandford include Marks & Spencer Simply Food, Morrisons, WH Smith, Boots, Costa, Specsavers & Holland & Barrett amongst others.

The subject premises occupy a central location in the town centre fronting East Street where numerous retail, catering and professional services businesses will be found. The town centre is well served by public car parks. East Street traders also benefit from roadside parking (subject to daytime waiting restrictions).

A substantial retail showroom with ancillary space at both ground and first floors. The premises benefit from a large car park of around 70 spaces to the rear. This is currently sublet to a specialist pay and display parking operator which subsidises the tenant's rent, we understand it generates an income for the tenant of around £9,000 per annum based on the current 50/50 revenue share arrangement. The operator has expressed an interest in continuing the arrangement with a view to increasing income through use of ANPR technology. We believe that this sublet arrangement could be improved upon to further supplement the tenant's turnover.

Accommodation

Gross Frontage: 40' (12.20m) approx
Internal Width: 39'2" (11.94m) widening to 47'6" (14.48m)
Shop Depth: 127' (11.80 m)
Ground Floor Sales: 5,877 Sq. Ft. (546.19 Sq. M.)
Ground Floor Storage: 3,403 Sq. Ft (316.26 Sq. M.)
First Floor Ancillary: 537 Sq. Ft. (49.90 Sq. M.)

TOTAL NET INTERNAL: 9,817 Sq. Ft. (912 Sq. M.)

Rating

Rateable Value £74,000
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

A new full repairing and insuring lease is available at a commencing rent of £75,000 per annum, exclusive.

The lease will incorporate upwards only rent reviews every 5 years.

EPC Text

Asset Rating - D (95)

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.