High Street Retail Property for sale

549 & 551/551A Christchurch Road, Boscombe, Bournemouth BH1


£350,000
523 ft²

Features

  • All fully let - flat let on AST
  • Two retail commercial premises plus flat

Description

Situation and description

The property is situated in the main parade of shops within Christchurch Road which leads through to Pokesdown. This is a very busy area and with plenty of independent shops and a busy thoroughfare.

The property comprises two retail units, both fully tenanted and a residential apartment which has been let on an assured shorthold tenancy (AST).
Accommodation

549 Christchurch Road—Retail Unit
Ground Floor : 523.68 sq.ft. 48.67 sq.m.
Basement: Not measured due to poor access
The premises are currently operating as a hairdresser/beauticians.

EPC rating: E

551 Christchurch Road—Retail Unit
Ground Floor: 523.68 sq.ft. (54.37 sq.m.)
The premises are currently operating as a Retail/Phone shop

EPC rating: E

551a Christchurch Road—Residential Apartment
First Floor: Lounge, Kitchen, Bathroom, WC, Hallway, Office
Second Floor: Bedroom 1, Bedroom 2, Bedroom 3, Landing, Cupboard
Total floor area: 1253.11 sq.ft. (116.46 sq.m.)
Currently let on AST

EPC Rating: 549-e 551—E
Tenure

549 Christchurch Road: Let on a 3 year lease from June 2020 at a passing rental of £5,750 p.a. With an option to break the lease at 18 months upon giving the Landlord 6 months written notice.

551 Christchurch Road: Let on 10 year lease from 10th January 2020 at a rental of £7,500 p.a. With 5 yearly rent reviews.

551a Christchurch Road: Let on an AST from 1st July 2020 and expiring on 30th June 2021 at a rental of £850 pcm.

Current total income from premises: £23,150 per annum
Price

£350,000 Freehold
Rateable value

549 Christchurch Road: £4,250.00
551 Christchurch Road: £4,800.00
551a Christchurch Road; Council Tax Band: C

From 1st April 2017 premises with a rateable value below £12,000 will receive 100% small business rates relief (no rates payable).
Planning

A1 Retail
C3 Accommodation
We are advised that the premises have A1 retail and C3 dwelling house use but we advise all applicants should rely upon their own enquiries.
Legal fees

The purchaser will be responsible for their own legal fees.
Viewing and further details

By arrangement with Ellis and Partners through whom all negotiations are to be conducted.

Categories

High Street Retail Property
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Property reference
CP202100_299