Retail premises for sale in 682-684 Christchurch Road, Boscombe East, Bournemouth BH7

£225,000 (£22.5/sq. ft)
Retail premises for sale 10,000 sq. ft*
Interested in this property? Call +44 1202 060263 * or Request Details

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Property features

  • Currently let as a bar on a 5 year lease
  • Rental income: £18,000 p.a.
  • Two flats above sold off on long leasehold producing a total of £500 p.a.
  • Rental for flats doubles every 25 years

Property description

Situation and description


The property is situated in the main parade of shops within Christchurch Road which leads through to Pokesdown. This is a very busy area and with plenty of independent shops and a busy thoroughfare.

The subject premises comprise a single fronted premises currently trading as a bar plus two flats which have been sold off on long leasehold


Accommodation


Bar area: 28’03” (87.86m)
Kitchen: 43’05” (13.24m)
Cellar: 65’05” (19.96m)
WC:


Tenure


The shop is currently let on a 5 year lease from 1st September 2020 at a rental of £18,000 p.a.

There are two flats both sold on long leaseholder for a term of 125 years, commencing 1st January 2016 and thus expiring on 1st January 2016. Each flat pays an annual ground rent of £250.00 p.a. Which is to double every 25th anniversary of the term.


Price


£225,000 for Freehold


Legal fees


The incoming tenant will be responsible for their own legal fees.


Viewing and further details


By arrangement with Ellis and Partners through whom all negotiations are to be conducted.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Ellis and Partners, BH1 on +44 1202 060263 * (local rate)

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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.

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