5 North Street, Wareham, Dorset

Property Details: - Type: Property - Bedrooms: 0 - Bathrooms: 0

Agent: Clive Emson Land & Property Auctioneers - Maidstone Phone: 01622 279788

Located in the heart of the attractive town centre of Wareham, a popular Dorset market town, this three storey property is currently let under the terms of a commercial lease and producing a healthy income. The existing lease runs until December 2028 at which point any new owner may wish to consider negotiations with Age UK to perhaps gain control of the upper parts, whilst continuing to let the ground floor to them under fresh commercial terms, or perhaps using the ground floor for their own use. This would open up the possibility of development of the upper two floors, subject to all necessary consents being obtainable. The property benefits from rear access from Mill Lane, which will be particularly useful when considering options to develop the upper parts or perhaps the land to the rear of the property.<br/><br/><b>Ground Floor</b><br/>Main retail area, rear store rooms and office, staff cloakroom and W.C.<br/><br/><b>First Floor</b><br/>Staff kitchen/dining room, ancillary store rooms and bathroom.<br/><b>Second Floor</b><br/>Loft room currently used for storage.<br/><br/><b>Tenancy</b><br/>Currently let on a 10-year commercial lease from and including 25th December 2018 at a current rental of £19,000 per annum.<br/><br/><b>Tenure</b><br/>Remainder of a 999-year lease from 10th October 1761.<br/><br/><b>EPC Rating</b><br/>E (117). Total Floor Area 198 sq.m.<br/><br/><b>Local Planning Authority</b><br/>Dorset Council. [use Contact Agent Button]. Website: dorsetcouncil.gov.uk<br/><br/><b>Commercial EPC: E</b><br/><br/><b>Important:<br/>All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.</b><br/><br/><b> Price Information<br/>*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on[use Contact Agent Button], in order to stay fully informed with the up-to-date information. <br/><br/>*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to </b>