Retail premises for sale in 33 Sea Road, Boscombe, Bournemouth, Dorset BH5
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Property features
- Restaurant sold with vacant possession. Ideal for owner/occupier
- 8 flats on 125 leases with annual ground rent of £1,850
- Potential rental income for restaurant when let £13,000 p.a. Plus VAT approx.
Property description
Sea Road is situated in the busy suburb of Boscombe just off the main pedestrianized area. There is plenty of passing traffic and high footfall from the local residential community as well as holiday makers and tourists.
The subject premises are located on a prominent corner position.
The premises are being sold with vacant possession and ideal for owner occupier or investor.
Class E
C3 Dwelling house
Each party will be responsible for their own legal fees.
Retail shop/restaurant on ground floor and basement currently trading as restaurant/café.
8 Flats all let on long leasehold on ground, first and second floors.
Restaurant sold with vacant possession. Ideal for owner/occupier
8 flats on 125 leases with annual ground rent of £1,850
Potential rental income for restaurant when let £13,000 p.a. Plus VAT approx.
Restaurant/shop - Vacant.
Flats 1-7 let on 125 year lease from 2017 at a ground rental of £250 each with uplifts every 15 years.
Flat 8 let on 125 year lease from 2nd March 2017 at a ground rent of £100 p.a. With uplifts every 15 years.
Price
£130,000 freehold plus VAT
Vacant restaurant and residential investment - for sale
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Ellis and Partners, BH1 on +44 1202 060263 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Ellis and Partners, and do not constitute property particulars. Please contact Ellis and Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.