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Shop and maisonette
All fully let
Total income £46,800 p.a.
Situation and description
The property occupies a prominent position on Commercial Road in a busy parade of shops. It is within walking distance of Bournemouth Town Centre.
The premises consist of a commercial shop, currently being used as a takeaway plus a four bedroom maisonette on the upper floor which have been fitted out to a high standard.
Shop Ground floor shop Max Width: 9’11” (3.0 m) Max Depth: 30’5” (12.3 m) Sales area: 462.84 (43 sq.m.)
Living Accommodation Stairs to landing with access to: Bedroom 1: 14’5” x 13’3” (4.41m x 4.03m) Bedroom 2: 11’9” x 6’6” (3.58m x 2.04m) Both bedrooms have en-suite shower rooms Kitchen: 8’10” x 7’4”
Further stairs to second floor landing with access to: Bedroom 3: 15’0” x 13’6” (4.57m x 4.11m) Bedroom 4: 10’5” x 13’6” (3.18m x 4.11m) Both bedrooms have en-suite shower rooms
Shop is currently let at a rental of £19,200 payable monthly in advance on a contracted out lease from 11th August 2017 and expiring on 31st July 2036, with rent reviews on 1st August 2019,2022,2025,2028,2031,2034. There is a rent deposit of £8,000.
Maisonette currently being let on a room by room basis earning £27,600 p.a. Including all bills.
Total income from letting: £46,800 p.a. Minus bills for residential.
The current owner would consider taking a 5 year lease from any prospective purchaser on the upper parts (residential) only at a rental of £19,200 p.a.
A3/A5 Café/Takeaway C3 Dwelling House Change of use of ground floor premises from cafe (Class A3) to cafe (Class A3) and takeaway (Class A5) use was granted 20th June 2014.Ref. No. F. Trading hours are 8.00am to11:00pm.
The incoming tenant will be responsible for their own legal fees.
EPC Rating E
Viewing and further details
By arrangement with Ellis and Partners through whom all negotiations are to be conducted.
For more information about this property, please contact Ellis and Partners, BH1 on +44 1202 060263 * (local rate)
Contact Ellis and Partners about this property
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