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Investment

Investment For Sale Weymouth

PROPERTY ID: 133713

PROPERTY TYPE

Investment

STATUS

Available

SIZE

2,594 sq.ft

Key Features

Prime retail investment
Ground floor sales with first floor store
Located within a popular tourist destination
All year round trade
Close to the beach and historic harbour
We are instructed to seek offers in the region of £350,000 reflecting a NIY of 8.81% assuming 3.80% purchasers costs

Property Details

The property is located in Weymouth which is a popular tourist destination over the summer months and benefits from all round yearly trade with its main shopping streets being St Mary Street, St Thomas Street and Bond Street. The town centre is close to Weymouth beach and the historic harbour and has a population of 53,416 taken the most recent 2021 census. Weymouth train station is served by South Western Railway, with direct services to London Waterloo stopping at key stations such as Bournemouth and Poole. Great Western Railway also connects Weymouth to Bath and Bristol to Gloucester. There are also regular bus services within the town and to surrounding areas. The property is located in a prime position on St Mary Street which is home to a number of national retailers including Vodafone, EE and F.Hinds. The street also benefits from a wide contingent of local and regional traders including Coffee One, Saltrock and numerous local independents.

The Property Comprises Two Ground Floor Retail Units Let To Trespass And Weymouth Flooring Limited. Unit 62 (trespass) Consists Of A Good Size Open Plan Sales Area With Storage, Kitchen And Wc Facilities Located To The Rear Of The Property. There Is Also Further Storage Accommodation On The First Floor. Unit 62a (weymouth Flooring) Consists Of An Open Plan Sales Area Currently Configurated As Sales And Storage Space With Additional Office And Wc To The Rear. Location The Property Is Located In Weymouth Which Is A Popular Tourist Destination Over The Summer Months And Benefits From All Round Yearly Trade With Its Main Shopping Streets Being St Mary Street, St Thomas Street And Bond Street. The Town Centre Is Close To Weymouth Beach And The Historic Harbour And Has A Population Of 53,416 Taken The Most Recent 2021 Census. Weymouth Train Station Is Served By South Western Railway, With Direct Services To London Waterloo Stopping At Key Stations Such As Bournemouth And Poole. Great Western Railway Also Connects Weymouth To Bath And Bristol To Gloucester. There Are Also Regular Bus Services Within The Town And To Surrounding Areas. The Property Is Located In A Prime Position On St Mary Street Which Is Home To A Number Of National Retailers Including Vodafone, Ee And F.hinds. The Street Also Benefits From A Wide Contingent Of Local And Regional Traders Including Coffee One, Saltrock And Numerous Local Independents. Accommodation All Areas Are Approximate And Measured In Accordance With The Rics Property Measurement (2nd Edition) On A Net / Gross Internal Basis. 62 St Mary Street: Ground Floor Sales 877 Sq Ft (81.45 Sq M) 62a St Mary Street: Ground Floor Sales 1,417 Sq Ft (131.68 Sq M) First Floor Store 300 Sq Ft (27.84 (sq M) Rent / Price Oiro £350,000 The Vendor Intends To Market The Upper Parts Separately. Services We Understand That Mains Electricity, Water And Drainage Are Connected To The Property However These Services Have Not Been Tested By The Agents. Interested Parties Should Make Their Own Enquiries. Epc Awaited. Legal Fees Each Party To Be Responsible For Their Own Legal Fees In Relation To This Transaction. Vat The Property Has Not Been Elected For Vat And Therefore Vat Will Not Be Charged On The Price.

About the Agent

Investment Unit

£350,000 Freehold

62 62a & 62b St. Mary Street, Weymouth, DT4 8PP
Investment - Available
2,594 sq ft
241 sqm
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