Property Details

CHRISTCHURCH HIGH STREET INVESTMENT FOR SALE - Christchurch

For Sale - Available
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Property ID: ZrtmP

For Sale £575,000 Freehold
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.

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