Vespasian House, Bridport Road
Dorchester
Dorset
DT1 1BX

Landmark Freehold Office Investment in Established Business Location

  • Fully occupied by the NHS, Dorset Primary Care Trust and HM Revenue & Customs
  • Situated some 300 metres from Dorset County Hospital and close to Royal Mail Sorting Office and Dorset County Record Office
  • Affluent Dorset county town
  • Walking distance from Dorchester West Railway Station
  • Approximately 2,901.64 sq m (31,233 sq ft) with parking for 96 cars
  • Six Week Completion Period Available
  • Lot
    13
  • Auction
    08/Dec/2011
  • Rent
    £217,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Office
  • Auction Venue
    Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On behalf of Mapeley
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
9 miles north of Weymouth, 24 miles west of Poole, 30 miles south-west of Shaftesbury
Roads
A35, A37, B3150
Rail
Dorchester West (London Waterloo and Paddington)
Air
Bournemouth
Situation

The property is situated in a prominent position on Bridport Road (B3150) in an established business location approximately 300 metres from Dorset County Hospital and surrounded by other notable occupiers including Royal Mail Sorting Office and Dorset County Record Office. Dorchester West Railway Station is within walking distance while Bridport Road provides direct access to the A35 and A37.

Tenure

Freehold.

Description

The majority of the property has been refurbished to a high standard recently by Dorset Primary Care Trust to provide open plan office accommodation with suspended ceilings, recessed category 2 lighting, supplementary air conditioning and perimeter trunking. The property benefits from WCs on each floor, two 8-person passenger lifts and a barrier-controlled car park for 96 cars. The property has a site area of some 0.474 hectare (1.17 acres).

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews/ (Reversion)
Ground
– East
Office &
10 parking spaces
308.16 sq m
(3,317 sq ft)
DORSET COUNTY
HOSPITAL NHS
FOUNDATION TRUST
Approx. 8 years & 11
months from
03/01/2008 (1)
£24,040(25/12/2017)
Ground
– West
Office &
10 parking spaces
388.61 sq m
(4,183 sq ft)
DORSET PRIMARY
CARE TRUST
15 years from
29/04/2010 (2)
£29,15429/04/2015 and
2020 (28/04/2025)
FirstOffice &
30 parking spaces
739.23 sq m
(7,957 sq ft)
DORSET PRIMARY
CARE TRUST
15 years from
29/04/2010 (2)
£55,00029/04/2015 and
2020 (28/04/2025)
Second
– East
Office &
6 parking spaces
206.71 sq m
(2,225 sq ft)
THE WEST DORSET
GENERAL HOSPITAL
NHS TRUST
10 years from
25/03/2003
£15,000(25/03/2013)
Second
– East & Ground
Floor Telecoms
Room
Office &
6 parking spaces
153.29 sq m
(1,650 sq ft)
MAPELEY STEPS
PROPERTIES LTD
(occupied by HMRC
& Valuation Office)
10 years from
completion (3)
£11,57001/2017 (01/2022)
Second – WestOffice &
10 parking spaces
365.85 sq m
(3,938 sq ft)
DORSET PRIMARY
CARE TRUST
Approx. 14 years
& 10 months from
and including
09/06/2010 (2)
£27,21209/06/2015 and
2020 (28/04/2025)
Third – EastOffice &
10 parking spaces
370.59 sq m
(3,989 sq ft)
DORSET PRIMARY
CARE TRUST
Approx. 13 years &
10 months from
01/06/2011 (2)
£27,56423/05/2016 and
2021 (28/04/2025)
Third – WestOffice &
10 parking spaces
369.20 sq m
(3,974 sq ft)
DORSET PRIMARY
CARE TRUST
Approx. 14 years &
10 months from
03/06/2010 (2)
£27,46003/06/2015 and
2020 (28/04/2025)
Land adjoining
Bridport Road
Substation
SOUTHERN
ELECTRIC POWER
DISTRIBUTION PLC
99 years from
25/05/2011
Peppercorn(25/05/2110)
Totals 

2,901.64 sq m

(31,233 sq ft)
  £217,000 

(1) The tenant benefits from an option to determine on 2nd January 2013 on 6 months' written notice.
(2) The tenant benefits from an option to determine on 29th April 2015 and 29th April 2020 on 6 months' written notice.
(3) A reversionary lease will come into effect on completion of the sale. The tenant will benefit from a rolling option to determine, subject to 9 months' prior written notice.

Property Documents

  • Catalogue Page
    Updated Date
    23.09.15
    File Size
    520 KB
    View PDF
  • Site Plan
    Updated Date
    23.09.15
    File Size
    49 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Clarke Wilmott 1 Georges Square, Bath Street,
Bristol
BS1 6BA
Clare Wood 0845 209 1241clare.wood@clarkewillmott.com

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