ATTRACTIVE GROUND FLOOR RETAIL UNIT FOR SALE OR TO LET IN POUNDBURY – 9 THE BUTTERMARKET
The Buttermarket is a mixed use development within The Duchy of Cornwall’s Poundbury Estate in Dorchester.
The development is characterised by nine feature buildings located around a central square. A total of 18 commercial units are to be provided within close proximity to each other. The Buttermarket is the focal point of the South West Quadrant.
Existing occupiers within the Buttermarket include:, Christabels Linens, Allure Beauty, Capellis Hair Salon, Boo’s Toy Shop, Magpie Gifts, Romans VIII Furniture, BonBons Confectionary, Bramble Café & Deli, Buttermarket Stores & Post Office, Poundbury Pilates Studio, Dorchester Sports Injury Clinic & Wessex ECO Energy.
The property comprises a ground floor commercial unit with a highly attractive frontage incorporating period features.
The internal specification includes a suspended ceiling, spotlights and Cat II inset lighting, gas fired central heating, plastered and decorated internal wall finishes, power & data outlets and a fire & intruder alarm system.
The premises benefits from a rear storage area and a cloakroom. Approximate net internal floor areas are as follows:
Sales – 31 sq m (334 sq ft)
Storage/ ancillary – 3.8 sq m (41 sq ft)
TOTAL – 34.8 sq m (375 sq ft)
The premises are available either to let by way of a new effective Full Repairing & Insuring lease for a term to be agreed or, alternatively, for sale on a long leasehold basis.
Terms for a new lease or a sale on a long leasehold basis are as follows:
£6,750 per annum exclusive or £69,500 exclusive for the the long leasehold interest.
Rents are exclusive of service charge, rates, insurance and VAT. Prices for the long leasehold interest are also exclusive of VAT.
The property benefits from an A1 (retail) planning consent.
The property is to be reassessed for rating purposes due to it previously forming part of the neighbouring property. However, as a general guide, 7 Buttermarket is located in the same building, is of similar size and has a rateable value of £4,850.
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.
Businesses who can claim Small Business Rates Relief may be able to claim 100% rates relief on this property (no rates paid).
The property has a rating of B-(29). A copy of the full report is available on request.