Property Details

SHOP AND MAISONETTE INVESTMENT FOR SALE - Bournemouth

For Sale - Available
Download Marketing Details
  • 20200309_134738

Property ID: C5622

For Sale £19,000 p.a.
776

Features

  • Planning consent to convert the living accommodation
  • Vacant 3/4 bed maisonette above

Address

  • 7 and 7a Southbourne Grove, Southbourne, Bournemouth, BH6 3QS

SITUATION AND DESCRIPTION
Southbourne is a popular and affluent residential district approximately midpoint between Bournemouth town centre and Christchurch.   Southbourne Grove is the main shopping area that serves not only Southbourne but Tuckton, Boscombe Manor and Boscombe East.  The road has a good mix of both local and national retailers including Sainsbury Local, Coffee No1., Tesco Express, Boots the Chemists, Costa Coffee and Loungers Café.

The property is located opposite Lloyds Bank and close to the junction with Beresford Road, Seabourne Road and Wentworth Avenue.

The property comprises a ground floor lock up shop which is trading as Parlourmentary, a specialist cheese and charcuterie retailer.  The upper floors are a large self contained maisonette with planning consent to convert into two  x 2 bed flats.  At the rear of the property there is a tarmacked hardstanding for off road parking, loading and unloading

RATEABLE VALUE – £15,750
Maisonette—Council Tax Band A

Interested parties should enquire of the local Rating Authority as to the implications of the phasing arrangements on the amount of rates actually payable.  Parties should also make enquiries concerning the implications of the small business allowance

PLANNING
Planning consent was granted on 11th July 2019 for alterations and conversion of First and Second Floor Maisonette into two flats, erection of bin and bike store. Planning Application No.  7-2019-6294-A

ACCOMMODATION
Ground Floor
Sales Area   776 sq.ft. (72.09 sq.m.) Approx
Cloakroom
Rear access into the yard
Shared use of the yard for parking and deliveries

Maisonette
Rear Access with staircase to first floor landing
First Floor
Lounge   19’00” x 13’09” (5.8 x 4.2m)
Dining room (Bed4) 12’10” x 13’00” (3.9m x 3.9m)
Bathroom    4’08” x   8’06” (1.4m x 2.6m)
Kitchen   10’06” x 14’00” (3.2m x 4.2m)
Second Floor
Bedroom 1  13’00” x 10’00” (3.9m x 3.0m)
Bedroom 2    9’05” x 16’08” (2.8m x 5.0m)
Bedroom 3    9’05” x 13’04” (2.8m x 4.0m)

TENURE
The ground floor is let on a 10 year lease from 24th June 2019 at a rental of £19,000 p.a. to Parlourmentary Limited  The lease includes a  rent review at the end of the 5th year and a tenant only break clause at 24th June 2024.

Landlord holds a 3 month rent deposit

The living accommodation is vacant.

PRICE
Freehold £450,000 subject to and with the benefit of the existing income from the commercial lease.

EPC Rating E

Further information and plans are available upon request

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