Commercial property for sale in 665 Christchurch Road, Boscombe, Bournemouth, Dorset BH7

Situation and Description

The property is located in an established secondary trading position close to the pedestranised section of the road and close to the junction of Hawkwood Road and the A35 Christchurch Road.

Bournemouth Town Centre is located 3 miles to the west and Christchurch town centre is 3 miles to the east of the subject property.

Commercial occupiers in the immediately vicinity are a mix of specialist retailers, catering outlets and office occupiers.

The subject property comprises a ground floor lock up shop that has a long term tenant who is flooring retailer. The tenants have a partition wall installed in the shop to create some storage space. There is a back door leading to a communal area that is shared with the residential flats above. Leading off the communal area is a cloakroom for the commercial unit and a rear access to the yard. There are two large self contained flats above which are accessed from the rear of the property. The first floor flat has long term tenants in occupation. The second floor flat has been modernised throughout and has a tenant in occupation for the last 6 years.

The yard to the rear of the property is accessed from a service road that runs across the back of the shops that front Christchurch Road

Legal Fees

Each party will be responsible for their own legal fees.

EPC

Ground Floor Rating B
Flat 1 Rating C
Flat 2 Rating D

Accommodation Text

Ground floor
Width 19'00" ( 5.8m)
Depth 39'00" (11.8m)
Sales Area currently
partitioned at 31'09" ( 9.6m)
Sales Area 740 sq.ft. (68.7 sq.m.) Approx.
Cloakroom

First floor flat
Bedroom (front) 12'00" x 12'10" (3.6m x 3.8m)
Bedroom (front) 7'00" x 9'03" (2.1m x 2.8m)
Lobby (mid) 14'06" x 6'06" (4.4m x 1.9m)
Lounge kitchen Diner 15'02" x 18'00" (4.6m x 5.4m)
Larder 2'10" x 5'00" (0.8m x 1.5m)
Bathroom 6'04" x 8'02" (1.9m x 2.5m)

Second Floor Flat
Bedroom (front) 9'05" x 13'05" (2.8m x 4.1m)
Kitchen (front) 9'07" x 13'06" (2.9m x 4.1m)
Lounge (rear) 9'06" x 18'06" (2.8m x 5.6m)
Bedroom (rear) 9'06" x 18'06" (2.8m x 5.6m)

Ground floor lock up shop

Two large self-contained flats

Total current income £28,720 p.a.

Tenure Comments

Tenancies

Ground Floor
The shop is let on a 15 year lease from 4th December 2015 to Dorset Contract Flooring Limited (Company number 05689673) at a rental of £11,500 p.a. The lease includes Tenant break clauses at the 5th and 10th anniversaries . The tenant must keep the premises in good and substantial repair and there is a service charge obligation for the building. The user clause is any Class A1 retail use or other use subject to landlords consent. The lease includes rent reviews on 25th December 2020 and 25th December 2025

First Floor Flat
The latest AST was for a period of 12 months from December 2021. The tenants currently pay £710 pcm
The tenants are long term occupiers

Second floor flat
The latest AST was for a period of 6 months from September 2017. The tenant currently pays £725 pcm
The tenant has been in occupation for over 6 years

Total Gross Income £28,720 p.a.

Price

£395,000 freehold subject to and with the benefit of the existing tenancies and income of £28,720 p.a.

Retail and residential investment - for sale