Property Details

FREEHOLD SHOPS AND RESIDENTIAL GROUND RENTS - Boscombe, Bournemouth

For Sale - Available
Download Marketing Details
  • 20200416_154441

Property ID: C6472

For Sale £115,000 FREEHOLD

Features

  • 3 residential flats sold on long leases
  • Freehold shop and residential ground rents

Address

  • 797/797A Christchurch Road, Boscombe, Christchurch, BH7 6AW

SITUATION AND DESCRIPTION
The property occupies a prominent corner position at the junction of Christchurch Road and Parkwood Road approximately ½ mile east of the pedestrianised section of Christchurch Road and ¼ miles west of Pokesdown Railway station.

The property, which is freehold, comprises a substantial property arranged over ground, basement, first and second floors. The commercial shop is arranged over ground floor and basement. The residential entrance is located off Parkwood road and we understand the first and second floors comprises 3 residential flats which have been sold off on long leases. The 3 shops on Parkwood road have been sold off on a long lease.

ACCOMMODATION
797 Christchurch road
Main Shop 20’07” x 18’06” (6.27m x 5.63m)
Rear Shop 14’00” x 12’00” (4.26m x 3.65m)
Basement (room 1) 10’00” x 12’00” (3.04m x 3.65m)
Basement (room 2) 15’00”x 18’02” (4.57m x 5.53m)

797a Christchurch Road
Residential Accommodation (uninspected)

RATEABLE VALUE
797 Christchurch Road £5,900

PLANNING
We understand that the existing ground floor commercial premises are Class A1 retail use
797 Christchurch Road is held by way of a 21 year lease from 25th June 2006. Rent reviews are every 3rd year, the rent is £7,500 p.a. (we have not had sight of the lease)

797a Christchurch Road. The 3 residential flats are held on sub leases which are held on 99 year leases from 25th March 1987. 2 flats have already extended their leases. Lease extension premiums on both flats in excess of £11,000.

1a,1b and 1c Parkwood road will be held by way of a new 999 year lease at a peppercorn ground rent. The tenant will be liable to contribute towards buildings insurance for all shop units and a service charge contribution only for 1a Parkwood road.

EPC RATING D

FREEHOLD
£115,000 for the freehold subject to the existing tenancies and rental income.

 

VIEWING AND FURTHER DETAILS

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

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