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9-9A Cornhill 2,417 sq ft Retail Property Dorchester DT1 1BA £750,000 (£310.30/sq ft) 8.50% Net Initial Yield


INVESTMENT HIGHLIGHTS
- Open sales area with wood laminate flooring
- Attractive frontage
- A new commercial tenant with a lease starting from 2024
EXECUTIVE SUMMARY
Opportunity to purchase this 3 story period property constructed of cut stone with pitched roof in the center of Dorchester in the prime South Street shopping location. The property is fully Let to the well known high street brand Sea Salt on a 10 year lease starting in 2024.
Current annual rental of £65,000 producing a potential yield of over 8.5%
Current annual rental of £65,000 producing a potential yield of over 8.5%
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
2,417 sq ft
Costar Property Class
B
Year Built
1890
Price
£750,000
Price per sq ft
£310.30
Yield
8.50%
NOI
£63,750
Tenancy
Single
Number of Floors
4
Frontage
14 ft on Cornhill
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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9-9A Cornhill
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