Property Details

PRIME RETAIL INVESTMENT FOR SALE - Christchurch

For Sale - Available
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Property ID: C6086.1

For Sale £425,000 freehold plus VAT

Features

  • Adjacent Saxon Square shopping centre
  • High Street Location
  • Premises current let at a rental of £28

Address

  • 32 High Street, Christchurch, Dorset, BH23 1AY

SITUATION AND DESCRIPTION
The premises are situated in a prime location on the main High Street and close to Saxon Square which provides the core retail facilities for Christchurch.

The relative affluence of the town is underpinned by the Waitrose and Marks & Spencer Simply Food together with other occupiers on the High Street include M & Co, Superdrug, Pizza Express, Card Factory along with a range of banks and high end specialist local retailers.

The subject premises consist of a single fronted premises, well proportioned ground floor with first and second floor retail areas.

ACCOMMODATION
Ground Floor Sales:                    596 sq.ft.   (55.4 sq.m.)
Ground Floor Ancillary               140 sq.ft.   (13 sq.m.)
First Floor Gross Internal area:    573 sq.ft.  (53.2 sq.m.)
Second Floor Gross Internal area:439 sq.ft.  (40.8 sq.m.)

Total Gross Internal Area:   1803 sq.ft. (167.5 sq.m.)

TENURE
The premises are currently let on a full repairing and insuring 10 year lease to HM A’Court Limited from 26th October 2018 with a tenant only break clause on the 5th anniversary (subject to 6 months’ notice) at a passing rental of £28,000 per annum, with an open market upwards only rent review on the 5th anniversary.  A rent deposit of £7,000 including VAT is currently held.

PRICE
£425,000 Freehold plus VAT
Represents a gross initial yield of 6.6%.

EPC Rating C

The purchaser will be responsible for their own legal fees.

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