Retail premises for sale in Shepherd House, 849-851 Christchurch Road, Bournemouth, Dorset BH7

Description

Shepherd House is located on Christchurch Road within Boscombe, which is a major suburb situated approximately 1.5 miles to the east of Bournemouth Town Centre. The premises occupy an established
secondary trading location within this densely populated area fronting Boscombe's main shopping thoroughfare of Christchurch Road close to Pokesdown Train Station and the newly regenerated Boscombe East.

The building comprises two fully let commercial units at ground floor level and also six residential flats which have been sold off on long leaseholds.

The building was fully redeveloped in 2005 by the current owner, which included a rear extension to create four one-bedroom flats and associated parking provisions for the residential long-leaseholds.

The commercial units benefit from aluminium glazed shop fronts with front retail areas, with rear store, kitchenette and disabled WC

Accommodation

Unit 1 - 545 Sq ft (50.65 Sq M)
Unit 2 - 665 Sq ft (61.80 Sq M)
Total 1210 Sq Ft (112.45 Sq M)

Planning

Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, café, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.

Rating

Rateable Value - Unit 1 £5,500, Unit 2 £7,000
Source The 2023/2024 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.

EPC Text

Asset Rating - Unit 1 - C (63), Unit 2 - C (70)

Commercial -
Unit 1 is let by way of an effectively full repairing and insuring lease to a private individual at a rental of £6,250 per annum, exclusive commencing 11th May 2022 for a term of 7 years with a break clause and rent review on 10th May 2024. The lease is guaranteed by sopro Group Limited and the occupier currently trading as Euphoria Thai Massage.
Unit 2 is let by way of an effectively full repairing and insuring lease to a private individual trading as Edenwood at a rental of £7,300 per annum, exclusive commencing 25th December 2021 for a term of 3 years. The occupier currently specialises in the retail of French soaps and essences.

Residential -
The building comprises six residential flats which have been sold on 125 year long leaseholds from 2021, there are two 2 bedroom flats and four 1 bedroom flats.
Each flat pays an annual ground rent of £180 per annum, generating a yearly income of £1080. Long leaseholds are available on request for inspection.

Total Annual Rent Receivable -
£14,630 per annum, exclusive

Terms

Offers invited in the region of £180,000, subject to contract for the freehold interest subject to subsisting tenancies

Anti Money Laundering

Please note all prospective purchasers will need to be verified for 'Anti Money Laundering' purposes prior to issuing memorandum of agreed terms of sale.