Property Details

FREEHOLD INVESTMENT FOR SALE - Christchurch

For Sale - Available
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Property ID: C6572

For Sale £400,000 Freehold

Features

  • Situated in Christchurch High Street

Address

  • 63 High Street, BH23 1AS

SITUATION AND DESCRIPTION

Christchurch is a busy market town which caters for the surrounding affluent residential neighborhoods.  Christchurch also benefits from a large influx of tourists during the summer season.

 

The subject premises are located in a prime trading position within the High Street.  The majority of the High Street is predominantly let to local traders but the likes of Mountain Warehouse, Superdrug, Marks and Spencer Simply Food, M & Co and Café Nero and several of the leading banks and building societies are all represented on the High Street.

 

The subject property comprises a Grade II Listed Building.   The ground floor comprises fish and chip shop takeaway and food preparation area at the front, leading to restaurant seating and kitchens, cloakrooms and food stores and preparation areas at the rear.  There is a rear access from the ground floor onto Regent Way.  The self contained living accommodation comprises two bedrooms, lounge, kitchen bathroom.  Access to the flat is via an external staircase from the rear of the building but there is also an internal staircase accessed

 

ACCOMMODATION

Main Sales and Preparation Area

Width 13’03” (4.0m)

Depth 28’08” (8..7m)

Restaurant

Width 15’10” (4.8m)

Depth 29’00” (8.8m) max

Kitchens   8’00” x 16’00” (2.4m x 4.8m)

Male and Female Cloakrooms

Stores 11’00” x 19’00” (3.3m x 5.7m)

Rear Access into loading bay and parking

 

Living Accommodation

First floor

Lounge 13’06” x 12’07” (4.1m x 3.8m)

Kitchen   7’00” x 11’05” (2.1m x 3.5m)

Second Floor

Bedroom 13’03” x 13’07” (4.0m x 4.1m)

Bedroom   7’09” x   7’05” (2.3m x 2.2m)

Bathroom   8’02” x   4’00” (2.5m x 1.2)

Internal staircase from the restaurant

External staircase and walkway from Regent Way

Outside Loading and parking bay

RATEABLE VALUE – £20,500

Council Tax Band A

 

TENURE

A new lease of the whole building will be signed by the tenant prior to the sale of the investment being completed.   The lease will be for a term of 15 years with 5 yearly rent reviews at a rental of £30,000 p.a.

 

TENANT

We have not had sight of any trading account but understand that the latest accounts show a turnover is in the region of £250,000

 

The tenant is currently open Wednesday through to Saturday.  Opening hours are  11.30 am to 2.00 pm and 5.30 pm to 9.00 pm

 

PRICE

£400,000  freehold subject to and with the benefit of the new commercial lease of the whole building at a rental of £30,000 p.a.

 

EPC RATING

Commercial—Band C

Living Accommodation—Band D

 

VIEWING AND FURTHER DETAILS

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

 

Tel: 01202 551821

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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