Property Details

RETAIL/GROUND RENT INVESTMENT FOR SALE - Bournemouth

C6253-1
For Sale - Available
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Property ID: C6253-1

For Sale £265,000 Freehold plus VAT
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
1367 sq.ft.

Features

Address

  • 93 Old Christchurch Road, BH2 6DY

SITUATION / DESCRIPTION

The property is located within the heart of the town centre within the pedestrianised section of Old Christchurch Road. Nearby occupiers include Café Nero, TK Maxx, Tony & Guy and Richmond Garden Shopping Centre.

 

The property comprises a large open plan ground floor and basement retail premises with 4 flats over.

 

ACCOMMODATION

Retail premises         

Ground Floor

Sales Area: 843 sq.ft. (78.42 sq.m.)

Store and Disabled WC

Basement

Store: 524 sq.ft. (48.70 sq.m.)

Total area: 1367.81 sq.ft. (172.12 sq.m.)

 

Residential 1                 668 sq.ft.

Residential 2                 727 sq.ft.

Residential 3                 814 sq.ft.

Residential 4                 704 sq.ft.

 

PLANNING

Long established Class A1 retail use

This property falls within Class E Commercial Businesses and Services, which include A1 retail, A2 office, A3 Catering,   B1 Light Industrial, Indoor sports and Medical use, crèche/day nursery

 

Class C3 dwelling

TENURE

The retail premises are currently let at a rental of £12,500 p.a. rising to £15,600 after 2 years.  The lease ends in 2026.

 

There are three flats which are sold on long lease holds which expire on 28th September 2191. The current ground rent is £170.00 p.a. for each flat. There is a rent review every 10 years with the next review due on 29th September 2022.

 

The fourth flat is also on a long leasehold but expires on 4th March 2144. The current ground rent is £250 p.a. until 31st December 2031, rising thereafter by £250 p.a. every 15 years until £2,250p.a. from 1st January 2137.

 

Current total income: 13,260 p.a.

 

PRICE

£265,000 plus VAT Freehold

 

EPC RATING for shop C

 

 VIEWING AND FURTHER DETAILS

By arrangement with Ellis and Partners or Alex Williams 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