Hogshill Street, Beaminster £732,500

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A mixture of 7 commercial and residential units being sold as one investment portfolio in the heart of Beaminster Town. Grade II listed, the properties briefly comprise two commercial shop units with Hogshill Street frontage. The properties are bing sold with tenants in situ for the most part and further information can be sought directly via the selling agent for rental figures and tenancy information.


Further information

The seven units are being sold with the full freehold benefit and briefly comprise; Two commercial units with Hogshill Street frontage. One is currently vacant, the other being occupied under an assured shorthold tenancy. 5 are residential mews houses and flats. (one flat is currently vacant, all other units are let under AST's (correct at 2/12/2020 and subject to change) The portfolio is subject to a Section 106 Agreement (with the exception of the commercial units) under affordable housing rules. Meaning the properties must be sold or let at 35% below market value. Our appraisal of the sites takes this into account already in the asking price, as do the current AST's currently in place, but this must be upheld by the new owner. Further details of the Section 106 Agreement are available to view via the selling agent Harriet Stacy-Marks (harriet.stacy-marks@mayfairproperties.net) Details of individual rents achieved and yields are also available via the selling agents who currently manage the portfolio. The rateable value for the commercial units is as follows 11 Hogshill Street- £7’100 9 Hogshill Street £6’800.


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7
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  • 7 Unit Portfolio
  • 2 Commercial, 5 Residential
  • Grade II listed
  • Freehold Title
  • Town Centre location
  • Section 106 Agreement
  • Affordable housing clause (residential units only)
  • Further information via the selling agent.

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Hogshill Street
Beaminster DT8 3AE
County: Dorset
Sale Type: For Sale
Ref #: BEA00595
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