Lot 59 - Pair Of Freehold Town Centre Buildings Comprising Five Flats And Two Shops
4 & 8 West Street, Dorset, DT11 7AJ
Guide Price: *
£540,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£540,000Bid history
1 bidA
27/07/2023 15:19:35 - £540,000
Guide Price* : £550,000 - £600,000
Currently let at £61,512 per annum
This pair of imposing freehold buildings are located in the centre of the attractive Dorset town of Blandford and enjoy a prominent position within the towns main retail area. The retail space of No.8 has recently been extensively renovated to form a café/restaurant across ground and first floors, while the commercial space at number four has been let to Dorset Property for a number of years. The building is predominantly let but two of the five flats are currently vacant, giving scope to increase the already healthy income still further.
4 West Street
Commercial
Main office, rear staff kitchen, cloakroom with W.C.
Tenancy
Let under the terms of a 15-year commercial lease, from 16th March 2012, at a current rental of £11,496 per annum.
Residential
Flat 4C
Living room, kitchen, bedroom and bathroom/W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement for two-years from October 2022 at a current rental of £560 per calendar month.
Flat 4E
Living room, kitchen, bedroom and bathroom/W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement for six months from 1st June 2023 at a current rental of £650 per calendar month.
Flat 4F
Living room, kitchen, bedroom, bathroom/W.C., and balcony.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement from the 6th July at £620 per calendar month.
8 & 8A West Street
Commercial
Recently renovated to comprise a coffee shop/restaurant across the ground and first floor.
Tenancy
Let under the terms of recently commenced commercial lease at a current rental of £17,436 per annum. Further details will be provided within the legal documents.
Residential
Flat 8B
Living room, kitchen, two bedrooms and bathroom/W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £550 per calendar month.
Flat 8C
Living/bedroom/kitchen, and shower room/W.C.
Tenancy
Let under the terms of a new Assured Shorthold Tenancy Agreement at £400 per calendar month.
Outside
There are two parking spaces let on Licence Agreements, one let at £300 per annum and the other at £360 per annum.
All Flats Council Tax Band A
Joint Auctioneer
James & Sons, Suite 27, 26 Commercial Road, POOLE, Dorset, BH14 0JR, 01202 673 131
Summary
- Lot number
- 59
- Auction end
- 27th Jul at 15:30
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Lot number
- 59
- Auction end
- 27th Jul at 15:30
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 1
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson - Hampshire, Dorset, Wiltshire & Isle of Wight
01489 564606
Unit 14, Fulcrum 2, Solent Way, Whiteley, Fareham, Hampshire, PO15 7FN
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
