Retail premises to let in St. Mary Street, Weymouth DT4

Key Points

Description

The property comprises a ground floor shop unit with storage facilities at first and second floor levels and is situated in a prime pedestrianized trading location on St Mary Street. The property adjoins Saltrock and Card Factory and other nearby occupiers include Coffee#1, Holland & Barrett, Halifax, HSBC, EE, Greggs, Vodafone, Vision Express, Pandora etc.

Location

Weymouth is a popular and attractive South Dorset coastal town with a resident population of approximately 53,000 and is located 7 miles south of Dorchester. During the summer months the town benefits from a high number of visits from holiday makers and tourists. Major multiple retailers represented in the town include Marks & Spencer, New Look, Boots, wh Smith etc.

Tenure

The property is available by way of a new 10 year full repairing and insuring lease subject to 5 yearly upward only rent review.

Rent

£35,000 per annum exclusive of VAT and business rates.

Business Rates

The Valuation Office Agency states that the property has a rateable value of £28,000 with effect from 1 April 2023. The Rates Payable will be determined by the Uniform Business Rate Multiplier which is set by the Government annually. Rates payable may also be subject to transitional or small business rates relief and interested parties are therefore encouraged to contact the Local Rating Authority directly.

Legal Costs

Each party to bear their own legal costs incurred in the transaction.

EPC

The premises has the following rating: B (41).