Property Details

FREEHOLD SHOPS AND RESIDENTIAL GROUND RENTS - Boscombe, Bournemouth

For Sale - Available
Download Marketing Details
  • 20200416_154353
  • 20200416_154441

Property ID: C6472

For Sale £150,000 freehold
1000

Features

  • 3 residential flats which have been sold off on long leases
  • 3 Shops (two let and income producing)

Address

  • 797/797a Christchurch Road & 1a, 1b, & 1c Parkwood Road, Boscombe, Bournemouth, BH7 6AW

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 3 shops and 3 residential flats which have been sold off on long leases.

 

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)

 

1a Parkwood Road  9’09” x 17’07” (2.97m x 5.35m)

 

1b and 1c Parkwood Road

Shop 1      10’00” x 14’05” (3.04m x 4.39m)

Shop 2  (max)    10’00” x 20’00” (3.04m x 6.09m)

Stores        9’06” x 20’08” (2.89m x 6.29m)

 

797a Christchurch Road

Residential Accommodation (uninspected)

 

PLANNING

We understand that the existing ground floor commercial premises are Class A1 retails uses

 

There is potential to change the use of the Parkwood Road shops into residential by submission of a prior approval planning application

 

 

EPC RATING for 797—D

TENANCIES

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.   Flat 2 has already extended their sub lease in 2019 for an additional 90 years.    The sub tenant of Flat 1 have recently served notice for a lease extension

 

1a Parkwood Road is let on a 1 year tenancy from 1st July 2005. The tenant is holding over and paying a rental of £1,300 p.a.  (We have not had sight of the tenancy)

 

1b and 1c Parkwood Road – vacant

 

FREEHOLD

£150,000 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.

 

VIEWING AND FURTHER DETAILS

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

Property Map
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