Property Details

RETAIL/GROUND RENT INVESTMENT FOR SALE - Bournemouth

For Sale - Available
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Property ID: C6253-1

For Sale £265,000 Freehold
1367 sq.ft.

Features

Address

  • 93 Old Christchurch Road, BH2 6DY

SITUATION / DESCRIPTION

The property is located within the heart of the town centre within the pedestrianised section of Old Christchurch Road. Nearby occupiers include Café Nero, TK Maxx, Tony & Guy and Richmond Garden Shopping Centre.

 

The property comprises a large open plan ground floor and basement retail premises with 4 flats over.

 

ACCOMMODATION

Retail premises         

Ground Floor

Sales Area: 843 sq.ft. (78.42 sq.m.)

Store and Disabled WC

Basement

Store: 524 sq.ft. (48.70 sq.m.)

Total area: 1367.81 sq.ft. (172.12 sq.m.)

 

Residential 1                 668 sq.ft.

Residential 2                 727 sq.ft.

Residential 3                 814 sq.ft.

Residential 4                 704 sq.ft.

 

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

 

Class C3 dwelling

TENURE

The retail premises are currently let at a rental of £12,500 p.a. rising to £15,600 after 2 years.  The lease ends in 2026.

 

There are three flats which are sold on long lease holds which expire on 28th September 2191. The current ground rent is £170.00 p.a. for each flat. There is a rent review every 10 years with the next review due on 29th September 2022.

 

The fourth flat is also on a long leasehold but expires on 4th March 2144. The current ground rent is £250 p.a. until 31st December 2031, rising thereafter by £250 p.a. every 15 years until £2,250p.a. from 1st January 2137.

 

Current total income: 13,260 p.a.

 

PRICE

£265,000 Freehold

 

EPC RATING for shop C

 

 VIEWING AND FURTHER DETAILS

By arrangement with Ellis and Partners or Alex Williams 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