46 South Street & 4/5 Trinity Street, Dorchester, Dorset, DT1 1DQ
Guide Price*
£975,000+
-
High-Yielding Retail Investment and Development Opportunity: 3 x Retail Units and Associated Upper Parts Fully Let to Separate Tenants with Consent to Convert the Upper Parts to Provide 6 x Flats and Fixed Uplifts to £100,167 in 2025 and £101,000 in 2026 on an Investment Let at £99,333 per annum. Reflecting a yield 2025 Yield of 10.27% and 2026 Yield of 10.36%
Description
The property presents a high-yielding retail investment and development opportunity in a prime pedestrianised location in Dorchester.
Currently configured as three retail units with yard space, the property benefits from dual frontages on South Street and Trinity Street. It is fully let to three tenants, generating a total annual rent of £99,333, with fixed rental uplifts in place. Reflecting a yield 2025 Yield: 10.27% and 2026 Yield 10.36%
Additionally, the property has two separate planning consents (Ref: P/PACD/2023/03638 and P/FUL/2021/04625) for the conversion of the upper floors into six residential flats (three one-bedroom and three two-bedroom units).
The surrounding area hosts a variety of national retailers, including Waterstones, New Look, Caffè Nero, and Fat Face. Additionally, the nearby Tudor Arcade, anchored by a Waitrose supermarket, enhances the retail appeal of the vicinity.
Tenancy Schedule
| Unit | Description | Area Sq M | Area Sq Ft | Lease Start | Lease Expiry | Rent PA | Rent per Sq Ft | Note |
|---|---|---|---|---|---|---|---|---|
| 46 South Street | Shoe Zone Retail Limited | 279.81 | 3,012 | 19.06.2023 | 18.06.2028 | £62,000 | £20.59 | |
| Unit 3 Trinity Street | Weldmar Hospicecare Trust | 208.84 | 2,248 | 30.04.2018 | 29.04.2028 | £27,750 | £12.34 | |
| Unit 4 Trinity Street | Private Individual | 30.75 | 331 | 13.05.2024 | 12.05.2034 | £9,583 | £28.95 | |
| 519 | 5,591 | £99,333 |
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