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Dominant Foodstore and Retail Parade

Dorchester, United KingdomUnlock address

75%

£6.050.000

Retail

#34568

Core+

27 Sep 2024

Property Details

Broker

For sale

30,085 sq.ft.

2,795 m²

GIA

201 £/sq.ft.

2,164 £/m²

9.00 %

Leasehold

237

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Dominant foodstore in Dorchester with limited competition. Food anchored scheme - 83% of income to Waitrose. Affluent catchment. Recently agreed long leasehold extension (expiring 24th December 2261). Total marketing rent of £638,815 per annum, reflecting an average rent of £21.23 psf. Total GIA of 30,085 sq. ft. WAULT of 5.7 years to expiry. 168 car parking spaces (1:179 sq. ft.). Genuine asset management opportunities. EPCs B & C.