Retail premises for sale in 51 East Street, Blandford Forum, Dorset DT11

Character Class E Premises with Residential Accommodation Above Either For Sale with Vacant Possession or Available To Let

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, M &Co, 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).

The property comprises a ground floor retail area with stairs leading up to the first floor which is currently also used for retail purposes. There is a further separate staircase leading up to the second floor which is fitted out as a residential flat, there is a rear staircase on the first floor leading down to the rear external courtyard which would allow the first floor and second floor to be separated from the ground floor retail.

Ground Floor
Sales Area: 472 sq ft (43.83 sq m)
Store: 98 sq ft (9.11 sq m)

First Floor
Sales / Storage: 830 sq ft (77.11 sq m)

Second Floor
Studio Flat: 509 sq ft (47.28 sq m)

Total Internal Area: 1,909 sq ft (177.33 sq m)

Rateable Value £6,700
Source The 2024/2025 small business multiplier is 0.499 (4.99p 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.

Offers in the Region of £175,000 for the freehold interest with vacant possession.

Alternatively the premises are available by way of a new full repairing and insuring lease for a term to be agreed at a commencing rent of £20,000 per annum, exclusive.

Primmer Olds BAS can offer the use of a standard in-house tenancy document for lettings of up to 6 years at a cost of £500 (Plus VAT) to the incoming tenant.

Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, cafe`, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.

Asset Rating - D94

Please note all prospective purchasers will need to be verified for 'Anti Money Laundering' purposes prior to issuing memorandum of agreed terms of sale.

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.