Description
For Sale by Public Auction and via Livestream on Thursday 27 March 2025 at 2pm at The Digby Hall, Sherborne DT9 3AB. Multi element mixed residential and commercial investment and redevelopment opportunity
For sale by Public Auction and via Livestream on Thursday 27th March 2025 at 2pm at Digby Hall, Hound Street, Sherborne DT9 3AB. Register to bid in the room, online, by telephone or by proxy via our website.
The Property - The lot comprises three elements, the commercial unit and one of the residential units being let together producing £13,200 per annum. The upper floor is one large single stripped-out space believed to formerly have been a two bedroomed flat that was to be recreated.
Accommodation - .GF No 49 Commercial - (Tenanted by Newell's Travel Agents) Principal retail space, office/store through to staff room/kitchen, WC.
.GF No 47B Residential - (Tenanted) Hallway, large sitting room/dining room/kitchen, double bedroom, bathroom.
.FF No 47A - Above both No 47 and 49 and accessed from the rear by a short staircase is a stripped-out space that we understand was previously a second flat.
.Outside is a yard and storage beyond which is a large garden.
.Potentially two cottages one day, subject to requisite consents.
Location - The property is located towards the eastern end of Fore Street with the town's post office next door and is handy for some lovely waterside walks whilst the north and south Cornwall coastlines are only short drives or train trips away.
Directions - What3words
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Services - Mains water, electricity and drainage.
Broadband : Ultrafast available
Mobile Network Coverage : Likely outside. Limited inside.
Source: ofcom.org.uk
The property is located within Flood Zone 3.
Tenure - Freehold of the whole.
GF No 49 Commercial - Let to Newell's Travel Agency on a fifteen-year lease that commenced in 2018 currently at £6,000pa. Refer to the Auction Legal Pack for more information.
GF No 47B Residential - Tenant holding over by virtue of an assured shorthold tenancy that commenced in 2019 currently at £7,200 pa equivalent. Refer to the Auction legal Pack for more information.
FF No 47A - Above both No 47 and No 49 - Vacant
Local Authority - Cornwall Council www.cornwall.gov.uk
No 47A - CTB A
No 47B - CTB A
RV - No 49 Fore Street - £5,900
It is likely that the property will benefit from small business rates relief subject to a qualifying occupation. Interested parties are advised to make their own enquiries.
Solicitors - Hine Downing
Falmouth
01326 316655
john.lowry@hinedowning.com
Viewings - By appointment only, full details from Monty Cloutman, Stratton Creber Commercial, Truro Office. Tel: 01872 830128 Email: montycloutman@scctruro.co.uk
