Commercial property for sale in 449-451 Ashley Road, Parkstone, Poole, Dorset BH14

Situation and Description

The property is located on the busy B3061 Ashley road in Parkstone in an established tertiary shopping parade. Occupiers in the immediate vicinity are mostly local specialist traders.

The property is located about 3 miles west of Bournemouth town centre and 2 miles north of Poole town centre.

The accommodation comprises a double fronted lock up shop / office with ancillary rooms to the rear. There is a sizeable yard for the commercial unit. The tenant has constructed a timber stores within the yard.

Planning

Retrospective planning permission for an extension to the rear of the building to create a single story secure storage facility, constructed in timber and PVC cladding on a hard standing concrete floor and with a felted timber joist roof. Planning consent was granted 20th June 2022 app/22/00483/F

Legal Fees

Each party will be responsible for their own legal fees.

Accommodation Text

Main Shop
Width 15'00" ( 4.5m)
Depth 34'10" (10.6m
Sales Area 458 sq.ft. (42 sq.m) Approx
Office 11'04" x 12'00" (3.4m x 3.6m)
Stores 5'04" x 5'02" (1.6m x 1.5m)
Cloakroom

Outside
Yard and parking. Now including timber stores

99 year head lease of the gf shop

Underlease to Countrywide Estate Agents (now Connells Group)

Underlease to Diamond Improvements Limited

Tenure Comments

Head lease
99 year lease that commenced on 29th September 1936 and expires on 29th September 2035 at a ground rent of £15 per annum.

The first floor flat has now been sold off on a lease of 189 years from 29th September 1936. Nil ground rent payable.

Underlease of the shop
Countrywide Estate agents, now Connells Group, hold the residual of a 99 year lease that expires 28th September 2035. The lease includes 3 yearly rent reviews. The lease includes a time of the essence rent review provision. The passing rental of £8,000 p.a. There are no break clauses in the lease. The tenant must keep the premises in good and substantial repair and contribute towards a service charge for the maintenance of common services

Further Underlease of the shop
A lease commencing 10th May 2019 and expiring on 9th May 2028 to Diamond Improvements Limited (Company number 06610948) at a rental of £8,000 p.a. The lease is contracted outside the provisions of the Landlord and Tenant Act 1954 Part II. The lease includes a tenant only break clause on 9th May 2025.

Price

£40,000 for the head lease subject to and with the benefit of the guaranteed income from the Connells Group underlease and the annual profit rent of £7,975p.a. For the next 11 years

investment for sale