44 High St 3,771 SF 100% Leased Retail Building Shaftesbury SP7 8JG $735,551 CAD ($195.05 CAD/SF)

Investment/ development opportunity in affluent market town. Residential potential on upper floors.
Tenure/Occupational leases: Freehold The ground floor shop is let on a full repairing an insuring lease to Ladbrokes Betting & Gaming Ltd for a term expiring 8 September ‘27 at rent of £27,500 per annum. The upper parts are let to Baillie Jones Ltd (Chartered Surveyors) for a term expiring on the same date at a rent of £8,500 per annum. Vacant possession of the uppers parts is available to a purchaser, if required/ preferred.
Price: Offers in the region of £395,000. Although the property is registered for VAT, it is envisaged that the the sale will be affected by way of a Transfer Of A Going Concern thereby avoiding the need for the purchaser to pay VAT
Description
The premises comprise a traditional mid-terraced Grade II Listed property with a recessed frontage to the High Street. Ladbrokes have partitioned the shop to suit their requirements to include a sales counter and additional customer wcs. The specification includes a suspended ceiling with inset air-conditioning and LED light fittings. There are also extensive ancillary areas to the rear together with a rear staircase serving as a fire escape. Owing to the sloping nature of the site, the first floor access is at ground level at the rear of the property. The first floor has been extended at the rear by way of a portal frame structure and partitioned internally to meet the needs of a previous occupier. The original first floor area at the front of the property has a second floor area over which is accessed via an integral staircase and which is currently planned in two rooms (originally three). Subject to the necessary consents, there is scope to reconfigure the upper parts to suit various types of commercial use or alternatively for conversion to residential whether that be as a whole or in part.
Accommodation
Approximate Net Internal Areas
(disregarding Ladbrokes partitioning)
Ground Floor (shop)
Shop frontage 7.08 m (23’3”)
Shop depth 17.06 m (55’11”)
m2 ft2
Retail sales 115.91 1,248
Kitchenette 10.43 112
WC – –
Rear storage 75.2 809
Total 201.54 2,169
First Floor (offices)
Front (original) 19.86 214
Rear (modern extension) 96.31 1,038
Second Floor (offices)
Front (original) 32.56 350
Overall total 350.27 3,771
Location: The property is situated on the northern side of the High Street close to its junction with Mustons Lane which links to Bell Street near the Morrisons supermarket. There is also rear access to the property and its parking off Mustons Lane. There are also a number of multiples in the High Street including WH Smith, Holland & Barrett, Superdrug, Boots and Reeve The Baker. The luxury clothing and accessories brand, Fairfax & Favor have also recently opened a store in the Town. Shaftesbury is an attractive rural town situated some 20 miles west of Salisbury (via the A30) and approximately 8 miles south of the A303 trunk road which links Exeter and the West Country and the M3/London.