Retail premises for sale

544 Christchurch Road, Bournemouth, Dorset BH1

Description

For Sale - Freehold Opportunity in Busy Location

The Property is situated just off the pedestrianised section of Christchurch Road. It is in the vicinity of multiple retailers including McDonalds, Primark, cex, Boots the Chemist, Greggs and Esquires Coffee. The O2 Academy is in close Proximity.

The ground floor commercial unit benefits from a double frontage, LED suspended ceiling, large rear store area and rear access. It is currently trading as 'Cash Converters'. The upper parts are split into two, large 3-bedroom flats both identical shape and size, accessed from the rear of the property. Flat 2B has been recently renovated.
Tenancy details


Ground Floor Shop
Let by way of a 10 year effective full repairing and insuring lease commencing 1st December 2025 to Dorset Vaults Limited (T/A Cash Converters) at a rental of £17,250 per annum plus VAT. There is a break clause and rent review on the 5th anniversary of
the term.

Flat 1A (544A)
Tenant vacated in September. Decorating and carpet work to br carried out prior to a new letting. The flat is to be marketed at £14,400 per annum. (£1,200 pcm).

Flat 2B (544B)
Tenant has given notice to vacate mid October. The flat is to be marketed at £14,400 per annum. (£1,200 pcm).

Potential Total Annual Income £46,050 per annum

Accommodation

Ground Floor Shop 1,345 Sq. Ft. (125 Sq. M.)
Flat 1A (544a) 3 Bedroom Flat 732 Sq. Ft. (68 Sq. M.)
Flat 2B (544b) 3 Bedroom Flat 732 Sq. Ft. (68 Sq. M.)
Total Net Internal Area 2,809 Sq. Ft. (261 Sq. Ft.)

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.

EPC Text

Asset Rating
Commercial Unit - B (43)
Flat 1A - C (80)
Flat 2B - C (73)

Rating

Rateable Value - Commercial Unit £16,250
Council Tax - Flat 1A & 2B - Band B
Source

Terms

Offers Invited in the region of £525,000 for the freehold interest in the property.
It is understood VAT is applicable to this transaction.

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.