DT4 20 St. Thomas Street, Weymouth

Retail investment available in 100% prime corner location on pedestrianised St Thomas Street and Bond Street.

The ground and first floors are let to JG Foods Ltd (t/a Grape Tree) on effective FRI terms expiring in November 2027 at a rent of £40,000 pax. The second and third floors are let to JG Foods Ltd on a co-terminus lease at a peppercorn rent.

The lease only is outside Sections 24-28 of the 1954 L&T Act and contains a rolling landlord only break option operable at 6 months written notice.

The property will be sold by way of a new 999 year lease at a peppercorn.

We are instructed to seek offers in the region of £475,000 to reflect a Net Initial Yield of 10% on the commercial income and a nominal sum of £90,000 for the vacant upper floors.

The subject property is located in a prominent corner position in the pedestrianised section of St Thomas Street at its junction with Bond Street and retailers located close by include Boots, Poundland, Pavers, Specsavers, Superdrug, etc