Commercial property for sale in 893-895B Christchurch Road, Bournemouth, Dorset BH7

For Sale - Substantial Freehold Mixed Use Investment Opportunity

The premises are prominently located at the junction of the busy A35 Christchurch Road and Morley Road within this densely populated Bournemouth suburb some three miles east of Bournemouth town centre and around half a mile from Boscombe's prime pedestrianised shopping precinct.

This stretch of Christchurch Road plays host to a broad and eclectic mix of specialist retailers together with service providers and catering outlets. Pokesdown Railway Station is situated closeby.

A substantial end of terrace property dating from the late 1800's and comprising a good-sized commercial unit arranged over ground floor and basement levels. The upper parts comprise a three-bedroom maisonette, a three bedroom flat and a one bedroom flat.

To the rear is a surfaced car park for several vehicles.

The premises may offer future development potential subject to the granting of any necessary consents.

Accommodation

Ground floor

893-895 Christchurch Rd

Sales area: 883 sq ft (82.06 sq m)

Ground Floor Ancillary: 861 sq ft ( 80.01 sq m)

Basement Ancillary: 552 sq ft (51.30 sq m)

total: 2,296 sq ft ( 213.3 sq m)

893A Christchurch Rd
A first and second floor maisonette of approximately 900 sq ft ( 83 sq m) comprising kitchen, hallway, bathroom, good sized lounge, boxroom and three double bedrooms.
The premises have limited headroom in part and benefit from UPVC double glazed units.

895A Christchurch Rd
A first and second floor maisonette of approximately 800 sq ft ( 74 sq m) comprising entrance lobby and hallway, kitchen, utility area, bathroom, boxroom, spacious lounge and two double bedrooms.
The premises have limited headroom in part and benefit from mostly UPVC double glazed units and modern kitchen units

895B Christchurch Rd
A first floor flat of approximately 480 sq ft ( 44 sq m) comprising entrance lobby, kitchen, shower room, spacious lounge and double bedroom.
The premises have limited headroom in part and benefit from mostly UPVC double glazed units and modern kitchen units.

Tenancies

Shop 893-895 Christchurch Road

The shop is let to Chameleon Alterations Limited ( with two guarantors) by way of an effectively full repairing and insuring lease via service charge provision, for a term of 15 years from 21st November 2022 at a rent of £20,000 per annum, exclusive.

The lease provides for the rent to be reviewed ( index linked to the Retail Prices Index) on 21st November 2024 and every third anniversary thereof.

The lease excludes the renewal provisions of the Landlord & Tenant Act 1954 and the landlords hold a rent deposit of £5,000.

The lease also incorporates an option for the tenant to break on 21st November 2027 and a mutual break option on 21st November 2032.

Maisonette 893A Christchurch Road

Currently vacant

Maisonette 895A Christchurch Road

Currently let by way of an Assured Shorthold Tenancy at a rent of £1,000 per calendar month. A deposit of £825 is held and the tenants are holding over.

Flat 895B Christchurch Road

Currently let by way of an Assured Shorthold Tenancy at a rent of £725 per calendar month. A deposit of £530 is held and the tenant is holding over.

Planning

Interested parties are advised to make their own enquiries of the Local Authority for confirmation.

EPC Text

Asset Rating

893-895 - C51

893a - G17
895a - E42
895b - E48

Rating

Rateable Value £20,000
Source

Council Tax Bands:

893A - Band C

895A - Band A

895B - Band B

Terms

Offers invited in the region of £700,000.

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.