Commercial property for sale in St. Mary Street, Weymouth DT4, £230,000
230,000.00
Offer Nr.:
63623801
Type of ad:
for Sale
Property type:
Commercial property
Bathrooms:
2
Reception rooms:
2
Contact name:
Hull Gregson Hull
Phone(s):
01305 248004
Email:
* Freehold
* Freehold Investment opportunity
* Comprising 2 Shop units
* Rental £19, 200 per annum
* 2x Ground rents
* Main Shopping street
* Close to Harbour
A FreeholdInvestment Opportunity comprising of a corner property at the
southern end of St Mary Street close to Weymouth's picturesque harbourside.
The property offers twocommercial shop units, the main being 50 St Mary
Street currently let as a cafe at £14, 000 per annum on a 10 year lease with a
rent review in 2026, There is also 20 StEdmond Street let at £5, 200 per annum
on a 3 year lease from 2022. There are also 2 £25 ground rents due from two
flats upstairs that have been sold on 999 yearleases
**50 St Mary Street - Cafe**
1\. 50, St. Mary Street, Weymouth (ground floor unit).
Lease Term: 10 Years from 12 July 2021
Break Clause: None;
Passing Rent:£14, 000 per annum, payable quarterly in advance;
Rent Review (upward only): 12 July 2026;
**20 St Mary Street**
20, St. Edmund Street, Weymouth (ground floor unit).
Lease Term: 3 Years from 11 February 2022
Break Clause: 10 August 2023;
Passing Rent: £5, 200 per annum, payable quarterly in advance;
Rent Review: None;
**UpperFloor**
Flats 1 (first floor) and 2 (second floor) above:
Sold on 999 year lease from 1980s - ground rent £25 per annum.
* Freehold Investment opportunity
* Comprising 2 Shop units
* Rental £19, 200 per annum
* 2x Ground rents
* Main Shopping street
* Close to Harbour
A Freehold
southern end of St Mary Street close to Weymouth's picturesque harbourside.
The property offers two
Street currently let as a cafe at £14, 000 per annum on a 10 year lease with a
rent review in 2026, There is also 20 St
on a 3 year lease from 2022. There are also 2 £25 ground rents due from two
flats upstairs that have been sold on 999 year
**50 St Mary Street - Cafe**
1\. 50, St. Mary Street, Weymouth (ground floor unit).
Lease Term: 10 Years from 12 July 2021
Break Clause: None;
Passing Rent:
Rent Review (upward only): 12 July 2026;
**20 St Mary Street**
20, St. Edmund Street, Weymouth (ground floor unit).
Lease Term: 3 Years from 11 February 2022
Break Clause: 10 August 2023;
Passing Rent: £5, 200 per annum, payable quarterly in advance;
Rent Review: None;
**Upper
Flats 1 (first floor) and 2 (second floor) above:
Sold on 999 year lease from 1980s - ground rent £25 per annum.
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