Property Details

CHRISTCHURCH HIGH STREET INVESTMENT FOR SALE - Christchurch

ZrtmP
For Sale - Available
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Property ID: ZrtmP

For Sale £575,000 Freehold
OLD LIBRARY HOUSE • 4 DEAN PARK CRESCENT • BOURNEMOUTH BH1 1LY
TELEPHONE: 01202 551 821 • FAX: 01202 557 310 • DX 7614 BOURNEMOUTH
www.ellis-partners.co.uk
ALSO AT BRIGHTON
Ellis and Partners Ltd No. 04669426.
Ellis and Partners (Bournemouth) Ltd No. 6522485. Ellis and Partners (Brighton) Ltd No. 6522566
Registered in England and Wales. Registered Office: 4 Dean Park Crescent, Bournemouth, Dorset BH1 1LY
1858.92 Total sq.ft.

Features

Address

  • 4/6 High Street and 1-3 Pound Lane , BH23 1AY

LOCATION

Christchurch is a historic and affluent town with a large catchment being part of the wider Poole, Bournemouth and Christchurch conurbation. There is substantial tourism in Christchurch due to the close-by beaches, harbour and The New Forest.

The property is located within the Town Centre at the top of the High Street close to the busy A35. It occupies a prominent position within the town where other occupiers include M&S Food, Costa Coffee, Boots and WH Smith as well as independent retailers.

 

DESCRIPTION

The property comprises three commercial units with a self-contained flat above which has been sold off on a long lease. The rear of the property is accessed via a communal yard area.

 

ACCOMMODATION

1 Pound Lane – Reign Jewellers

Ground Floor:   22.91 sq m (246.51sq ft)

Shared staff kitchen area with 4-6 High Street.

Outside toilet and store, rights of access over communal yard area. EPC: Commissioned

 

3 Pound Lane – Cuckcoo’s Coffee Bar

Ground Floor:    26.56 sq m (285.75sq ft)

First Floor:         21.17 sq m ( 227.74 sq ft)

Outside store, rights of access over communal yard area. EPC:  Commissioned

 

4/6 High Street – Mark Bennett Patisserie

Ground Floor:  66.05 sq m (710.70 sq ft)

Basement:        36.08 sq m (388.22 sq ft)

Shared Kitchen, rights of access over communal yard area. EPC:  D

 

 

TENANCIES

1 Pound Lane is let to Mr Demind Li and Mr Adam Myers from the 14th August 2014 until 13th August 2019 (expired) at a rental of £8,000 per annum on an effective FRI lease subject to a service charge. The Tenant is currently holding over.

 

3 Pound Lane is let to Cuckoo Coffee Shop from the 31st October 2009 until 31st October 2021 at a rental of £11,000 per annum on an effective FRI lease subject to a service charge.

 

4/6 High Street is let to Patisserie Mark Bennett Ltd from 19th February 2014 until 18th February 2034 at a rental of £19,000 per annum on an effective FRI lease subject to a service charge. Rent review and break clauses in 2024 and 2029.

 

The flat above (1a Pound Lane) is sold off on a l25 year long leasehold from 2014 at a peppercorn ground rent.

 

Total Income is £38,000 per annum

 

PRICE

£575,000 Freehold

 

VIEWING AND FURTHER DETAILS

By arrangement with Ellis and Partners through whom all negotiations are to be conducted. Tel: 01202 551821 or email bhcommercial@ellis-partners.co.uk

Website: www.ellis-partners.co.uk

 

VIEWING AND FURTHER DETAILS

By arrangement with Ellis and Partners through whom all negotiations are to be conducted.

Particulars PDF
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The Agents for themselves and for the Vendor of this property, whose agents they are, give notice that: (1) These particulars do not constitute, nor constitute any part of , an offer or a contract. (2) All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or Vendor. (3) None of the statements contained in these particulars as to this property are to be relied on as statements or representatives of fact. (4) Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. (5) The Vendor does not make or give and neither the Agents nor any person in their employ has any authority to make or give, any representation or warranty whatsoever in relation to this property.
These particulars are issued on a strictly Private & Confidential basis and on condition that the information given is for private use of the recipient and any professional adviser consulted by the recipient and, further, that any information contained within these Particulars is not divulged to third parties. To comply with the Property Misdescriptions Act of 1991 these Particulars are intended only as a guide and must not be relied upon as statement of fact, your attention is drawn to the following important notice.
IMPORTANT NOTICE
  1. In compliance with the Property Misdescriptions Act 1991 these particulars are prepared for the guidance only of prospective purchasers, they are intended to give a fair overall description of the property or premises concerned but are not intended to constitute part of an offer or a contract.
  2. Any information contained herein (whether in the text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact.
  3. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise or that any services or facilities are in good working order.
  4. Any photographs appearing in this brochure may not show all the property and show only certain aspects of the property at the time when the photographs were taken. Certain aspects of the property may have changed since these photographs were taken, it should not be assumed that the property remains precisely as depicted in these photographs. Furthermore, no assumption should be made in respect of parts of the property, which are not shown in the photographs.
  5. Any measurements, areas or distances referred to herein are approximate only.
  6. Where there is reference in these particulars to the fact that alterations have been carried out or that a particular use is made of a part of the property, this is not intended to be a statement that any necessary planning, building regulation or other consents have been obtained. Any intending purchaser must verify these matters.
  7. Any statements regarding Leasehold Interests have been prepared with due diligence but we will not necessarily have had sight of original legal documentation. It will be the responsibility of the intended lessee or purchaser to confirm that these details are correct with the vendors or landlord’s legal representatives.
  8. Descriptions of the property are inevitably subjective and the descriptions contained herein are used in good faith as an opinion and not by way of a statement of fact.
You should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends that you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The code is available via the website www.commercialleasecodeew.co.uk
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