Property ID: ZrtmP
For Sale £575,000 Freehold
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
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.