Summary - 3, CHURCH LANE DT9 3BP
1 bed 1 bath Shop
Income-producing town centre asset with immediate rental returns.
Shop let on FR&I lease to April 2028 with recent rent review to £10,000pa
Two self-contained flats producing £10,620pa and £6,516pa respectively
Combined current rent £27,136pa; gross initial yield c.7.24% at £375,000
Grade II listed — will restrict alterations and may complicate works
Electric storage heating; stone walls likely uninsulated — energy upgrades limited
Compact footprint, no garden or private external amenity shown
Separately metered services for shop and flats; management simplified
EPCs for flats D (55,65); shop EPC awaited
An attractive Grade II listed mid-terrace in Sherborne’s busy town centre, this mixed-use building offers an immediately income-producing opportunity. The ground-floor shop is let on an effectively full repairing and insuring lease (12 years from April 2016) and two self-contained flats above are producing rental income, delivering a combined current income of £27,136 per annum and a quoted gross initial yield of 7.24% at the guide price of £375,000.
The shop has a traditional stone frontage with display window and modest retail depth, while the two flats are accessed via a separate entrance and share a staircase. Flats have electric storage heating and were recently upgraded in part (first-floor flat fitted with new kitchen and bathroom). Services are separately metered for the shop and flats, simplifying landlord management.
Important practical considerations are clear: the building is Grade II listed, which will restrict alterations and may complicate works or change of use. Heating is electric storage, walls are assumed uninsulated sandstone/limestone, and the property has a small urban plot with no external garden. EPCs for the flats are D (55 and 65); the shop EPC is awaited.
This is a compact town-centre investment that suits buyers seeking an immediately let, low-maintenance asset in an affluent market town. Prospective purchasers should verify planning and listed-building constraints, service condition, and the lease documentation.
2 bedroom flat for sale in Cheap Street Sherborne, DT9 — £199,950 • 2 bed • 1 bath • 527 ft²
2 bedroom apartment for sale in South Street, Sherborne, DT9 — £325,000 • 2 bed • 2 bath • 945 ft²
2 bedroom apartment for sale in Cheap Street, Sherborne, Dorset, DT9 — £215,000 • 2 bed • 1 bath • 777 ft²
2 bedroom terraced house for sale in Digby Road, Sherborne, Dorset, DT9 — £230,000 • 2 bed • 1 bath • 732 ft²
Commercial property for sale in 7 High Street, Yeovil, BA20 1RE, BA20 — £350,000 • 1 bed • 1 bath • 2829 ft²
2 bedroom terraced house for sale in Wessex Court, Digby Road, Sherborne, DT9 — £225,000 • 2 bed • 1 bath • 744 ft²
