Property ID: C6543
For Sale £250,000 Freehold
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
Features
- Current Income £13140 per annum
- Flat let on AST
- Freehold for sale
- Potential Income £16640 per annum
Address
- 1553-1553a Wimborne Road, BH10 7AZ
SITUATION AND DESCRIPTION
Kinson is a busy suburb of Bournemouth and Poole with this property being at its commercial centre near a large Tesco superstore and Costa Coffee. Wimborne Road is very busy through route to Bournemouth and Poole. The area is predominantly residential and the parade has the usual mixture of eateries, banks, services and retail premises.
The premises comprise a single fronted lock up shop with flat above. The flat has its own access to rear.
ACCOMMODATION
Shop:
Ground floor only: 506 sq.ft. (47.1 sq.m.)
Flat:
Lounge, kitchen, bathroom/WC, hallway, one bedroom
Total area: 553.49 sq.ft. (51.44 sq.m.)
RATEABLE VALUE –
Shop: £5,900
Flat: Council Tax Band A
TENURE
The shop is currently let to Mr R Lai and Satwinder Mattu on a 6 year lease at a rental of £6,000 per annum. The lease has expired and the tenant is holding over.
The landlord has served a Section 25 notice on the tenant and proposed a new lease from 29 January 2022 at a rental of £9,500 per annum for a term of 5 years with all other terms remaining the same.
The flat is currently let on an AST at £595 per calendar month.
Current total rental income: £13,140 per annum
Potential total rental income: £16,640 per annum
PRICE
£250,000 freehold
EPC Rating
Shop – D
Flat – E
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.