Property description

Two substantial mixed retail and flat buildings, which are joined at the rear, situated in the commercial centre of Swanage, approximately 500 metres from the town square.

The original buildings are thought to date back to the late 19th Century and are predominantly constructed of stone with slate roofs and flat mineral felted secondary roofs.

50/52 High Street comprise 2 shops, one is currently used as an antique retail unit, the other as restaurant, each having been established for many years. Above the shops are 2 residential flats, each of which have been sold on a 999year lease from 1979 at a ground rent of £50 per annum each. There is a shared maintenance liability.

1 Kings Road East comprises a large retail unit on the ground floor, which is currently used as an electrical goods store together with 3 flats and a bed/sit above. The bed/sit is approached via the High Street. These apartments are held on a 99year lease by Magna Housing Association, which commenced in 1998 at a ground rent of £50 per annum total, which increases to £100 per annum in 2023, there is a shared maintenance liability.

RETAIL RENTAL DETAILS

50 High Street (Antique Retail Unit) Rental £13,000 per annum, to include garage Terms of Lease 9 year from 2008 with 3 year rent reviews. Next review/renewal 2017.

52 High Street (Restaurant) Rental £18,000 per annum Terms of Lease 15 year lease from 2007 with 3 year rent reviews. Next review 2016.

1 Kings Road East (Electrical Goods Store) Rental £8,500 per annum Terms of Lease 10 year lease from 2009 with 5 year rent reviews. Next review/renewal 2019.

TENURE The properties are offered freehold, subject to the existing leases.

RATEABLE VALUES 50 High Street £4,650 52 High Street £14,250 1 Kings Road East £5,500

VIEWING Interested applicants are requested not to contact the tenants and viewings of the interior of the properties will unfortunately not be possible.