Retail premises for sale in Wimborne Road, Kinson BH10

£250,000 (£236.07/sq. ft)
Retail premises for sale 1,059 sq. ft*
Interested in this property? Call +44 1202 060263 * or Request Details

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Property features

  • Ground Floor Shop with Self Contained One Bedroom Flat Above
  • Flat let on AST
  • Shop let on expired 6 year tenancy (Section 25 notice served)
  • Freehold

Property description

Situation and description


Kinson is a busy suburb of Bournemouth and Poole with this property being at its commercial centre near a large Tesco superstore and Costa Coffee. Wimborne Road is very busy through route to Bournemouth and Poole. The area is predominantly residential and the parade has the usual mixture of eateries, banks, services and retail premises.

The premises comprise a single fronted lock up shop with flat above. The flat has its own access to rear.


Accommodation


Shop:
Ground floor only: 506 sq.ft. (47.1 sq.m.)

Flat:
Lounge, kitchen, bathroom/WC, hallway, one bedroom
Total area: 553.49 sq.ft. (51.44 sq.m.)


Rateable value -


Shop: £5,900
Flat: Council Tax Band A


Tenure


The shop is currently let to Mr R Lai and Satwinder Mattu on a 6 year lease at a rental of £6,000 per annum. The lease has expired and the tenant is holding over.
The landlord has served a Section 25 notice on the tenant and proposed a new lease from 29 January 2022 at a rental of £9,500 per annum for a term of 5 years with all other terms remaining the same.

The flat is currently let on an AST at £595 per calendar month.

Current total rental income: £13,140 per annum
Potential total rental income: £16,640 per annum


Price


£250,000 freehold

EPC Rating
Shop - D
Flat - E


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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