Property photos
Just added
£350,000
Retail premises for sale
Cheap Street, Sherborne, Dorset DT9Local area information
Property location
Nearby amenities
- Sherborne School 0.1 miles
- Sherborne Preparatory School 0.2 miles
- Sherborne 0.3 miles
- Thornford 3.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Sherborne to find out more about the local area.
Features and description
** investment property **
Retail investment opportunity comprising two shops in affluent and vibrant market town.
| Initial rental income of £25,600 per annum
| Lease of no. 80 extended until 2036 (increased rent from ‘26)
| Gross initial yield of 7.31%
| No VAT
Location
Sherborne is an affluent market town situated in north west Dorset. The Town Centre is situated just south of the A30 which links Yeovil to the West (6 miles) and Shaftesbury to the east (16 miles). Cheap Street is the Town’s principal shopping thoroughfare which lies to the east of its historic 8th century abbey and neighbouring Sherborne School. Here many national retails are represented including Tresspass, Rohan, Fat Face, Caffe Nero, Reeve The Baker, Crew Clothing an Costa. There are also a good number of quality independent retailers in the location. The Town’s mainline railway station lies to the south of the Town Centre.
Description
The premises comprise two separate letting units, number 80 being let to an estate agent and comprising a well presented ground floor office/ retail space with bay window display together with ancillary first floor staff kitchen and wc. Number 82 is let to a cafe and provides an attractive bay fronted shop window providing good natural light to its customer seating area which opens to a drinks preparation area and on to a separate commercial galley kitchen. The residential upper parts of the property have been sold off on long leases.
Accommodation
Approximate Net Internal Areas
No. 80 (estate agents)
Shop internal frontage 4.03 m (13’3”)
Shop depth 10.45 m (34’3”)
m2 ft2
Ground floor sales (office) 31.15 335
First floor kitchen 2.86 31
First floor WC - -
Total 34.01 366
No.82 (cafe)
Shop internal frontage 4.03 m (13’3”)
Shop depth 10.45 m (34’3”)
m2 ft2
Ground floor sales 28.55 307
(cafe and drinks prep area)
WC - -
Commercial kitchen 10.18 110
Total 38.73 417
Tenure/ Occupational Leases
Freehold subject to the following leases which are drafted on effectively full repairing and insuring terms and with the benefit of the security of tenure provisions of the Landlord & Tenant Act 1954 Pt II:
No 80:
Let for a term of 10 years from 18/04/2016 and extended for a further 10 years expiring 17/04/2036. The passing rent
is £13,250 pa which will increase to £14,000 pa from 18/04/2026 following which their will be an upwards only rent review to market value at the end of the 5th year (2031). The tenant has a break option in April 2032.
No 82:
Let for a term of 7 years from 30/06/2020 at a passing rent of £12,500 pa. The lease provides for 3 yearly upwards only rent reviews to market value, the next being in June 2026.
Price
Offers in the region of £350,000 reflecting a gross initial yield of 7.36% increasing to 7.57% from 18/04/2026 and with potential to improve further in June 2026 pending the rent review under the lease of 82 Cheap Street.
VAT
We are advised that the property has not been elected for VAT.
Business Rates
80 Cheap Street - Rateable Value: £12,000
82 Cheap Street - Rateable Value: £9,900
Services
We understand that mains electricity, water and drainage are connected to the units.
Caution
Woolley & Wallis Commercial have not tested the services mentioned in these particulars.
Planning
Prospective tenants must satisfy themselves as to the permitted planning uses for the property.
Energy Performance Certificates
80 Cheap Street - Rating: 'C' (74)
82 Cheap Street - Rating: 'B' (37)
Viewing
Strictly by through the sole selling agent Woolley & Wallis Commercial. Tel:
Retail investment opportunity comprising two shops in affluent and vibrant market town.
| Initial rental income of £25,600 per annum
| Lease of no. 80 extended until 2036 (increased rent from ‘26)
| Gross initial yield of 7.31%
| No VAT
Location
Sherborne is an affluent market town situated in north west Dorset. The Town Centre is situated just south of the A30 which links Yeovil to the West (6 miles) and Shaftesbury to the east (16 miles). Cheap Street is the Town’s principal shopping thoroughfare which lies to the east of its historic 8th century abbey and neighbouring Sherborne School. Here many national retails are represented including Tresspass, Rohan, Fat Face, Caffe Nero, Reeve The Baker, Crew Clothing an Costa. There are also a good number of quality independent retailers in the location. The Town’s mainline railway station lies to the south of the Town Centre.
Description
The premises comprise two separate letting units, number 80 being let to an estate agent and comprising a well presented ground floor office/ retail space with bay window display together with ancillary first floor staff kitchen and wc. Number 82 is let to a cafe and provides an attractive bay fronted shop window providing good natural light to its customer seating area which opens to a drinks preparation area and on to a separate commercial galley kitchen. The residential upper parts of the property have been sold off on long leases.
Accommodation
Approximate Net Internal Areas
No. 80 (estate agents)
Shop internal frontage 4.03 m (13’3”)
Shop depth 10.45 m (34’3”)
m2 ft2
Ground floor sales (office) 31.15 335
First floor kitchen 2.86 31
First floor WC - -
Total 34.01 366
No.82 (cafe)
Shop internal frontage 4.03 m (13’3”)
Shop depth 10.45 m (34’3”)
m2 ft2
Ground floor sales 28.55 307
(cafe and drinks prep area)
WC - -
Commercial kitchen 10.18 110
Total 38.73 417
Tenure/ Occupational Leases
Freehold subject to the following leases which are drafted on effectively full repairing and insuring terms and with the benefit of the security of tenure provisions of the Landlord & Tenant Act 1954 Pt II:
No 80:
Let for a term of 10 years from 18/04/2016 and extended for a further 10 years expiring 17/04/2036. The passing rent
is £13,250 pa which will increase to £14,000 pa from 18/04/2026 following which their will be an upwards only rent review to market value at the end of the 5th year (2031). The tenant has a break option in April 2032.
No 82:
Let for a term of 7 years from 30/06/2020 at a passing rent of £12,500 pa. The lease provides for 3 yearly upwards only rent reviews to market value, the next being in June 2026.
Price
Offers in the region of £350,000 reflecting a gross initial yield of 7.36% increasing to 7.57% from 18/04/2026 and with potential to improve further in June 2026 pending the rent review under the lease of 82 Cheap Street.
VAT
We are advised that the property has not been elected for VAT.
Business Rates
80 Cheap Street - Rateable Value: £12,000
82 Cheap Street - Rateable Value: £9,900
Services
We understand that mains electricity, water and drainage are connected to the units.
Caution
Woolley & Wallis Commercial have not tested the services mentioned in these particulars.
Planning
Prospective tenants must satisfy themselves as to the permitted planning uses for the property.
Energy Performance Certificates
80 Cheap Street - Rating: 'C' (74)
82 Cheap Street - Rating: 'B' (37)
Viewing
Strictly by through the sole selling agent Woolley & Wallis Commercial. Tel:
More information
Listed by
Woolley & Wallis Commercial
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Property descriptions and related information displayed on this page are marketing materials provided by - Woolley & Wallis Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Woolley & Wallis Commercial for full details and further information.