Property Details

SHOP WITH FLAT – INVESTMENT FOR SALE - Kinson, Bournemouth

For Sale - Available
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Property ID: C6543

For Sale £250,000 Freehold
1059 sq.ft.

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.

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