Freehold Town Centre Mixed-Use Investment

Investment Summary

An exciting opportunity to purchase a mixed-use investment anchored by a Co-op foodstore in the heart of Dorchester.

• Marketing income of £355,215 per annum, 72% of the current income secured to Co-Op and the Gym Group.
• Attractive 9.5 year WAULT to lease expiry
• Immediate asset management and development potential, including income enhancement and conversion of upper parts to residential subject to necessary consents.

Offers in excess of £5,280,000 subject to contract and exclusive of VAT. This reflects an attractive net initial yield of 6.70% after allowance for purchaser’s costs of 6.80% and an apportioned value of £300,000 for the refurbishment/development opportunity Units 1 and 2 upper parts.