Property photos
Fixed price
£165,000
(£364.24/sq. ft)
Retail premises for sale
The Esplanade, Weymouth DT4453 sq. ft
Local area information
Property location
Nearby amenities
- Weymouth 0.2 miles
- Arbour House (SEN) 0.5 miles
- Beechcroft St Pauls CofE Primary School 0.6 miles
- Upwey 2.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Investment Consideration:
Gross Initial Yield: 7.27%
Rental Income: £12,000 p.a.
VAT is not applicable to this property
Comprises ground floor retail shop t/a café
Property benefits from seating/retail outdoor area at front
Occupying a prominent beach front location only 100 yards from the prime retailing in Weymouth Town Centre.
Property Description:
The property comprises prominent seafront ground floor retail shop t/a cafe, providing the following accommodation and dimensions:
Ground Floor: 42 sq m (453 sq ft)
Open plan seating area, kitchen, storage
Tenancy:
The property is at present let to an Individual for a term of 3 years from 19th January 2022 at a current rent of £12,000 per annum and the lease contains full repairing and insuring covenants. Lease within Landlord & Tenant Act 1954.
Tenure:
Long Leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
Location:
Occupying a prominent beach front location only 100 yards from the prime retailing in Weymouth Town Centre and multiples such as McDonalds, kfc, Sports Direct and Matalan. Weymouth is a popular and attractive South Dorset coastal resort, which benefits from high levels of tourism in the summer months and enjoys good road access from the A35 via the A354
Gross Initial Yield: 7.27%
Rental Income: £12,000 p.a.
VAT is not applicable to this property
Comprises ground floor retail shop t/a café
Property benefits from seating/retail outdoor area at front
Occupying a prominent beach front location only 100 yards from the prime retailing in Weymouth Town Centre.
Property Description:
The property comprises prominent seafront ground floor retail shop t/a cafe, providing the following accommodation and dimensions:
Ground Floor: 42 sq m (453 sq ft)
Open plan seating area, kitchen, storage
Tenancy:
The property is at present let to an Individual for a term of 3 years from 19th January 2022 at a current rent of £12,000 per annum and the lease contains full repairing and insuring covenants. Lease within Landlord & Tenant Act 1954.
Tenure:
Long Leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
Location:
Occupying a prominent beach front location only 100 yards from the prime retailing in Weymouth Town Centre and multiples such as McDonalds, kfc, Sports Direct and Matalan. Weymouth is a popular and attractive South Dorset coastal resort, which benefits from high levels of tourism in the summer months and enjoys good road access from the A35 via the A354
More information
Listed by
Blue Alpine Partners
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