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
649 Christchurch Road Boscombe Bournemouth - Tilly Traders Limited| Measurement | imperial | metric |
|---|
| Ground Floor | 557 sq.ft | 52 sq.m |
| Net Frontage | 14′3″ | 4.34 m |
| Shop Depth | 51′2″ | 15.59 m |
| Total Floor Area | 557 sq.ft | 51.74 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 Unit | Tenant | Rental Income | Lease Dates |
|---|
| 649 |
Tilly Traders Limited |
£15,000 |
10.2011 -start
10.2014 -expiry
No -break |
| Total Rent |
|
£15,000 |
|
Covenant Information:
Tilly Traders LimitedThe 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
