Property Details

COMMERCIAL RETAIL INVESTMENT - Bournemouth

For Sale - Available
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  • 20220208_102116588_iOS (1) -2

Property ID: C6559

For Sale

Features

  • Long leasehold sale of 999 years
  • Two shops fully let

Address

  • 130-134 Commercial Road, Bournemouth, Dorset, BH2 5LT

SITUATION AND DESCRIPTION
The property occupies a prominent position on Commercial Road in a busy parade of shops. It is within walking distance of Bournemouth Town Centre.

The premises consist of two ground floor commercial premises both fully let.

ACCOMMODATION
130 Commercial Road is a single fronted lock up retail premises comprising a main sales area with kitchenette, storage and WC facilities to the rear. The property also has a basement.

132-134 Commercial Road is a double fronted ground floor lock-up retail premises with a main sales area together with kitchenette, storage and WC facilities to the rear.

Summary of accommodation
130 Commercial Road
Ground floor 698 sq.ft. (54.88 sq.m.)
Basement 581 sq.ft. (54 sq.m.)

132-134 Commercial Road
Ground floor 1,275 sq.ft. (118.43 sq.m.)

TENURE
130 Commercial Road is currently let to Fabiano Cardoso trading as an independent internet café, on a 6 year term which expires on 31st August 2025 at a rental of £13,500 p.a.

132-134 Commercial Road is currently let to Done Brothers (Cash Betting) Ltd., trading as Betfred Bookmakers. The lease expired on 6th December 2019 and the tenant is holding over.. The annual rental is currently £20,750.

Total income: £34,250 p.a.

PRICE
£350,000 – Sold by way of a new 999 year leasehold interest at a peppercorn rent.

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

LEGAL FEES
The incoming tenant will be responsible for their own legal fees.

EPC Rating E and C respectively

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