Retail premises for sale in Ashley Road, Poole BH14

Investment Consideration:
Gross Initial Yield: 6.93%
Rental Income: £5,200 p.a.
VAT is not applicable to this property
Comprises ground floor retail shop
Occupiers close by include kfc and Waitrose, amongst other local retailers.

Property Description:
The property comprises ground floor retail shop, providing the following accommodation and dimensions:
Ground Floor: 26 sq m (280 sq ft)
Open plan retail, Storage, WC

Tenancy:
The property is at present let to an Individual for a term of 2 Years from 24th December 2022 at a current rent of £5,200 p.a. Deposit held of £875.

Tenure:
Long Leasehold. Held on a 999 year lease from 28th August 2020 at a ground rent of peppercorn.

Location:
Poole is a coastal town in Dorset, southern England, known for its large natural harbour and sandy beaches. The A350 road is Poole town centre's main artery, running north along Holes Bay and on to the A35, and as a single carriageway to Bath and Bristol. The property is located on a retail parade with occupiers nearby including kfc and Waitrose, amongst others.