Property Details

SHOP AND FLAT INVESTMENT - Christchurch

For Sale - Available
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Property ID: C4888.1

For Sale £750,000 freehold

Features

  • Good income
  • Shop and flats let

Address

  • 12 Bridge Street, Christchurch, Dorset, BH23 1EB

SITUATION AND DESCRIPTION
The property is located a short distance from Christchurch Town Centre between the two bridges on Bridge Street.  The property is located immediately opposite Prezzo.

The ground floor currently provides a lock up shop with kitchenette and cloakrooms and there are two flats above.

ACCOMMODATION
Ground Floor
Gross Internal Area of
whole of ground floor shop:        2,464 sq.ft. (229 sq.m.)

Flat 1
3 Bedrooms, Kitchen, Lounge, Bathroom

Flat 2
2 Bedrooms, Kitchen, Lounge, Bathroom

RATEABLE VALUE –   Shop £10,500
From 1st April 2017 premises with a rateable value below £12,000 will receive 100% small business rates relief (no rates payable).

COUNCIL TAX
Flat 1  Band C
Flat 2  Band B

TENURE
The shop is let on a 5 year lease at a rental of £15,600 p.a. rising to £20,000 p.a. after 2 years. A two month deposit is being held and there is a directors guarantee in place.

Flat 1 is let at £11,000 p.a. for 1 year from 7th December 2017.

Flat 2 is let at £9,300 p.a. for 6 months from 28th July 2017 (expired)

PRICE
£750,000 freehold
Alternatively the long leasehold (999 years) of the shop only can be purchased at £300,000.

LEGAL FEES
The incoming tenant 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

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