Property Details

FREEHOLD INVESTMENT FOR SALE - Christchurch

C6572
For Sale - Available
Download Marketing Details
  • 20220512_104544_resized

Property ID: C6572

For Sale £400,000 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

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.

Particulars PDF
Property Map
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
Call today to discuss your property needs on 01202 551 821 for Commercial, 01202 552 236 for Residential or 01273 771 393 for Brighton