Property ID: ZrtmP
For Sale £575,000 Freehold
TELEPHONE: 01202 551 821 • FAX: 01202 557 310 • DX 7614 BOURNEMOUTH
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
- 4/6 High Street and 1-3 Pound Lane , BH23 1AY
Christchurch is a historic and affluent town with a large catchment being part of the wider Poole, Bournemouth and Christchurch conurbation. There is substantial tourism in Christchurch due to the close-by beaches, harbour and The New Forest.
The property is located within the Town Centre at the top of the High Street close to the busy A35. It occupies a prominent position within the town where other occupiers include M&S Food, Costa Coffee, Boots and WH Smith as well as independent retailers.
The property comprises three commercial units with a self-contained flat above which has been sold off on a long lease. The rear of the property is accessed via a communal yard area.
1 Pound Lane – Reign Jewellers
Ground Floor: 22.91 sq m (246.51sq ft)
Shared staff kitchen area with 4-6 High Street.
Outside toilet and store, rights of access over communal yard area. EPC: Commissioned
3 Pound Lane – Cuckcoo’s Coffee Bar
Ground Floor: 26.56 sq m (285.75sq ft)
First Floor: 21.17 sq m ( 227.74 sq ft)
Outside store, rights of access over communal yard area. EPC: Commissioned
4/6 High Street – Mark Bennett Patisserie
Ground Floor: 66.05 sq m (710.70 sq ft)
Basement: 36.08 sq m (388.22 sq ft)
Shared Kitchen, rights of access over communal yard area. EPC: D
1 Pound Lane is let to Mr Demind Li and Mr Adam Myers from the 14th August 2014 until 13th August 2019 (expired) at a rental of £8,000 per annum on an effective FRI lease subject to a service charge. The Tenant is currently holding over.
3 Pound Lane is let to Cuckoo Coffee Shop from the 31st October 2009 until 31st October 2021 at a rental of £11,000 per annum on an effective FRI lease subject to a service charge.
4/6 High Street is let to Patisserie Mark Bennett Ltd from 19th February 2014 until 18th February 2034 at a rental of £19,000 per annum on an effective FRI lease subject to a service charge. Rent review and break clauses in 2024 and 2029.
The flat above (1a Pound Lane) is sold off on a l25 year long leasehold from 2014 at a peppercorn ground rent.
Total Income is £38,000 per annum
VIEWING AND FURTHER DETAILS
By arrangement with Ellis and Partners through whom all negotiations are to be conducted. Tel: 01202 551821 or email email@example.com
VIEWING AND FURTHER DETAILS
By arrangement with Ellis and Partners through whom all negotiations are to be conducted.