Retail Investment Opportunity in Bournemouth

649

Christchurch Road Boscombe Bournemouth Dorset BH1 4AP

Investment Property For Sale: £159,500
Total Floor Area: 52 sq.m/557 sq.ft
Net Investment Income: £15,000 per annum




Last updated: 17 Oct 2016 Ref: W009579FH

Property Description

The property comprises a ground floor lock up shop and two flats, both of which have been sold off on long leasehold interests. The building underwent a major rebuilding in 2009 following the grant of planning permission in 2008 to construct two residential flats over and behind the existing shop.

Measurements

  • Net Internal Floor Area
649 Christchurch Road Boscombe Bournemouth - Tilly Traders Limited
Measurementimperialmetric
Ground Floor557 sq.ft52 sq.m
Net Frontage14′3″4.34 m
Shop Depth51′2″15.59 m
Total Floor Area557 sq.ft51.74 sq.m


Agent's Disclaimer

These particulars are believed to be correct, but their accuracy is not guaranteed and they do not constitute an offer or contract. Strictly subject to contract, all measurements approximate. Agents Note: At no time have we undertaken a structural survey and services have not been tested. Interested parties should satisfy themselves as necessary, as to the structural integrity of the premises and condition/working order of services, plant or equipment.


Sale Terms

Offers are sought in excess of £159,500 subject to contract and exclusive of VAT. This equates to a capital value of £287 per sq ft.


Tenant, lease and rent summary

Christchurch Road Bournemouth BH1 4AP
Retail UnitTenantRental IncomeLease Dates
649 Tilly Traders Limited £15,000 10.2011 -start
10.2014 -expiry
No -break
Total Rent £15,000


Covenant Information:

Tilly Traders Limited

The lock up shop is let on a 3 year tenancy agreement from October 2011 to Tilly Traders Limited at a rental of £15,000 per annum. Rent is payable on the usual quarter days. Service Charge is 33% of the whole. There is a side letter that service charge is capped at no more than 5% of the annual rental. The premises trade as a franchise of Mr Simms Olde Sweet Shop. Flat 1, 28 Hawkwood Road let on a 125 year lease from 24 June 2010 at a ground rent of £200 per annum. Flat 2, 28 Hawkwood Road, let on a 123 year lease from 1 July 2010 at a ground rent of £200 per annum.

Agent's Disclaimer

These particulars are believed to be correct, but their accuracy is not guaranteed and they do not constitute an offer or contract. Strictly subject to contract, all measurements approximate. Agents Note: At no time have we undertaken a structural survey and services have not been tested. Interested parties should satisfy themselves as necessary, as to the structural integrity of the premises and condition/working order of services, plant or equipment.


There are no plans available to view for this property. Contact the agent for further information

Property Location

Boscombe is a major suburb located approximated 1.5 miles to the east of Bournemouth Town Centre and features an extensive retail frontage along Christchurch Road centred around the prime pedestrianised precincts and Sovereign Shopping Centre. The subject premises is situated within pedestrianised close to Sainsbury’s supermarket and several of the leading banks.

Map



WillisCommercial
Agents Contact Details

Name: Patrick Willis
Company: Willis Commercial
Address: Minster Chambers 43 High Street Wimborne Dorset BH21 1HR
Email:
Email the agent
Direct Dial: (01202) 887555
Mobile: (01202) 887555





Download pdf brochure Brochure for:  Christchurch Road Boscombe Bournemouth Dorset BH1 4AP. Investment Property For Sale: £159,500. Total Floor Area: 52 sq.m/557 sq.ft. Net Investment Income: £15,000

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