Crown House, School Lane

Winfrith Newburgh, Dorset, DT2 8JN
£275,000 Guide Price

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An exciting opportunity to acquire a detached, two storey investment property with a mix of commercial and residential space. To be sold by Informal Tender. Bids are to be received no later than 12.00 pm on 16th November 2023

The property which comprises a two storey corner building originally dates back to the 1800’s and was at one time the local bakery. It has been divided into two shops and also extended to provide a one bedroom flat the shop together with an adjoining maisonette on the ground and first floor. One of the shops is currently the village shop/post office with the other currently used as a hairdressing salon. There is pedestrian access from School Lane to the three bedroom maisonette that also benefits with a small courtyard garden. Above the main shop is a small one bedroom flat accessed via an external staircase to the rear. There is parking for several vehicles at the rear of the property.

Current / Potential Rental Incomes
Post Office and Shop £3800 per annum on a 10 year lease with 3 years left to run.
Hair Salon TBC, but understood to be in the region of £1500 per annum. These rents are historic and could be increased in the future.
3 bed Maisonette potentially up to £1100 pcm (subject to modernisation works)
1 bed Flat potentially up to £700 pcm also (subject to modernisation works)

Outside
There is a rear …

The property which comprises a two storey corner building originally dates back to the 1800’s and was at one time the local bakery. It has been divided into two shops and also extended to provide a one bedroom flat the shop together with an adjoining maisonette on the ground and first floor. One of the shops is currently the village shop/post office with the other currently used as a hairdressing salon. There is pedestrian access from School Lane to the three bedroom maisonette that also benefits with a small courtyard garden. Above the main shop is a small one bedroom flat accessed via an external staircase to the rear. There is parking for several vehicles at the rear of the property.

Current / Potential Rental Incomes
Post Office and Shop £3800 per annum on a 10 year lease with 3 years left to run.
Hair Salon TBC, but understood to be in the region of £1500 per annum. These rents are historic and could be increased in the future.
3 bed Maisonette potentially up to £1100 pcm (subject to modernisation works)
1 bed Flat potentially up to £700 pcm also (subject to modernisation works)

Outside
There is a rear vehicular access leading to two car parking spaces and a small courtyard

SITUATION
Crown House is situated in the village of Winfrith Newburgh on the corner of the High Street and School Lane. The village has a population of around 700 and is just south of the A352, some 8 miles west of Wareham and 10 miles east of Dorchester and 4 miles from the Dorset Coast There is a primary school, village hall and the local shop/post office. The closest main facilities are to be found in Wareham. Places of interest nearby include: Lulworth Cove, Durdle Door, Kimmeridge Bay, Corfe Castle, and the Jurassic Coast.

COUNCIL TAX
Dorset Council
Shop and Post Office rateable value TBC
Hair salon rateable value £2150 (2023)
Dwellings tax band C

EPC:
Shop and P/O: D
Hair Salon: C
Flat: F
Maisonette: E

SERVICES
Mains water and drainage and mains electricity are connected to the property. There are old electric night storage heaters to the maisonette and the flat.

DIRECTIONS
Post code DT2 8NW
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From Dorchester take the A352 towards Wareham
From Bere Regis, head towards Wool then take the A352 to Dorchester and follow the signs for Winfrith Newburg.

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Crown House, School Lane

Winfrith Newburgh, Dorset, DT2 8JN
£275,000 Guide Price

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Property location

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