DEVELOPMENT/INVESTMENT OPPORTUNITY

Key Features

• Attractive Grade II Listed Building with many period features.
• Extensive former café/bar arranged over basement, ground and first floor with 2 additional upper floors of residential accommodation (available with vacant possession)
• Separate retail investment at 2a Cornhill let to Wessex Photo t/a Kodak Express with a current passing rent of £27,500 per annum
• Potential to either re-let vacant parts or redevelop for alternative uses (subject to planning & listed building consent).
• Entire building available freehold

Description

The property comprises an attractive Grade II listed, 3 storey building that is understood to date from the mid-18th Century.

2 CORNHILL
2 Cornhill comprises a former café/bar and is arranged over 5 floors, providing a mixture of commercial and residential accommodation. The ground floor currently features a small bar and is understood to be have been used as a café during the day and a bar in the evening.

The first floor extends above both ground floor commercial units and provides a large bar with additional seating, kitchen, separate male and female WC’s and storage space.

The basement can be accessed from both the ground floor café and via a dedicated, self-contained access from Cornhill, where a timber staircase leads directly down to the basement. The basement has been used as an additional bar and features a small bar, flagstone floor, seating areas, WC and drinks cellar.

The residential accommodation is located on the second & third floor with the only access being off the first floor bar area. The second floor accommodation comprises 2 bedrooms, a lounge/diner, separate utility/kitchen accommodation and a bathroom with WC. An internal staircase provides access to the loft space where two further rooms are located within the timber eaves of the building.

2A CORNHILL
2A Cornhill comprises a ground floor retail unit currently let to Wessex Photographic t/a Kodak Express.

The accommodation provides a main sales area, rear office, kitchen, WC and small external yard.

Available area

The accommodation comprises the following areas:

Location

The property is located fronting the pedestrianised Cornhill, close to High West Street in Dorchester Town Centre.

A number of good quality occupiers are located within close proximity, including White Stuff, Boots, Lloyds Bank and JoJo Maman Bebe. The property is located opposite the Town Pump, a Grade II listed historical landmark in Dorchester town centre.

Planning

We understand 2 Cornhill benefits from a Class A4 (drinking establishment) planning use over basement and ground floor. The first floor has a Class A3 (restaurant/café) planning use.

2a Cornhill has been used as a retail shop for many years.

Interested parties are encouraged to contact Dorset Council planning department should they have any queries regarding their proposed use.

2 & 2A Cornhill are Grade II Listed.

Tenure

The building is held under a single Freehold Title

2 Cornhill is provided with vacant possession.

2A Cornhill is let to David Lewis, trading as Wessex Photographic on an internal repairing and insuring lease from 29th April 2008 for a term of 15 years at a current rent of £27,500 per annum.

Price Guide

Offers are invited in the region of £575,000.

We are advised that VAT is payable on the purchase price.