Retail premises for sale in 797/797A Christchurch Road, Boscombe, Bournemouth BH7

£109,950 (£10.99/sq. ft)
Retail premises for sale 10,000 sq. ft*
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Property features

  • Prominent corner position lock up shop and basement. Tenanted
  • 3 residential flats sold off on long lease

Property description

Situation and description


The property occupies a prominent corner position at the junction of Christchurch Road and Parkwood Road approximately ½ mile east of the pedestrianised section of Christchurch Road and ¼ miles west of Pokesdown Railway station.

The property, which is freehold, comprises a substantial property arranged over ground, basement, first and second floors. The commercial shop is arranged over ground floor and basement. The residential entrance is located off Parkwood road and we understand the first and second floors comprises 3 residential flats which have been sold off on long leases. The 3 shops on Parkwood road have been sold off on a long lease.


Accommodation


797 Christchurch road
Main Shop 20’07” x 18’06” (6.27m x 5.63m)
Rear Shop 14’00” x 12’00” (4.26m x 3.65m)
Basement (room 1) 10’00” x 12’00” (3.04m x 3.65m)
Basement (room 2) 15’00”x 18’02” (4.57m x 5.53m)

797a Christchurch Road
Residential Accommodation (uninspected)


Tenancies


797 Christchurch Road is held by way of a 21 year lease from 25th June 2006. Rent reviews are every 3rd year, the rent is £7,500 p.a. (we have not had sight of the lease)

There is a June 2021 rent review. Erv £9,000 p.a.

797a Christchurch Road. The 3 residential flats are held on sub leases which are held on 99 year leases from 25th March 1987. 2 flats have already extended their leases. Lease extension premiums on both flats in excess of £11,000.

1a, 1b and 1c Parkwood road will be held by way of a new 999 year lease at a peppercorn ground rent. The tenant will be liable to contribute towards buildings insurance for all shop units and a service charge contribution only for 1a Parkwood road.


EPC rating D

freehold


£109,950 for the freehold subject to the existing tenancies and rental income.

Property info

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

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Ellis and Partners, BH1 on +44 1202 060263 * (local rate)

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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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