Retail premises to let in 298 Holdenhurst Road, Bournemouth, Dorset BH8

Description

Established business for sale located along Holdenhurst Road. 589 Sq. Ft. Over ground floor & basement.

The premises occupy an established secondary trading position fronting the busy Holdenhurst Road approximately 1.5 miles northeast of Bournemouth town centre.

A nearby Tesco Express store is situated on the same side of the road where there is also a Halfords Auto Centre, and an Aldi supermarket is located a few yards on the opposite side of the road.

The subject property comprises a ground floor sales space with an additional kitchen space and WC. The basement has been recently refurbished and provides a well-lit, good sized space suitable for either storage or office use.

Cyber Sevices is a well established business providing data and cyber security and intelligence services for over nine years.

Rating

Rateable Value £7,800
Source The 2024/2025 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.

Terms

We are advised that the landlord will be willing to grant a new full repairing and insuring lease for a term to be agreed at £8,500 per annum exclusive of rates VAT (if applicable) and all other outgoings.

The incoming purchaser/tenant will be required to pay £550 plus VAT to the Landlord's managing agent for drafting the tenancy agreement/rent deposit deed.

Premium

A premium of £20,000 is sought for the leasehold interest, goodwill, trade fixtures fittings and equipment(list of equipment can be provided)

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 - C66

All interested parties should be aware of the Code of Leasing Premises 1st Edition, February 2020, for England and Wales, which recommends that they should seek professional advice from property professionals before agreeing or entering into a business tenancy.