3-5, Lansdowne Road, Bournemouth, Dorset

Property Details: • Type: Commercial Property • Tenure: FREEHOLD • Floor Area: 2025 sqft

Key Features: • Single storey commercial premises operating as a licenced restaurant and takeaway trading as the Noodle Bar • Current rental income: £24,00 p.a. Reversionary lease for 10 years from September 2030 in solicitors hands • Total floor area: 2025 sq.ft. (188 sq.m.) approx.

Location: • Nearest Station: Bournemouth Station • Distance to Station: 0.34595277508101735 miles

Agent Information: • Address: Old Library House, 4 Dean Park Cresent, Bournemouth, BH1 1LY

Full Description: <b>Situation and Description</b><br /><br />The Lansdowne is a busy part of the Town Centre where Bournemouth University now has its administration offices and numerous Student halls of residence. The central business district is located nearby in Oxford Road. The Lansdowne has a wide range of commercial occupiers that cater for both the student population and office workers in the immediate vicinity. The property is located on the corner of Lansdowne Mews and next door to the newly built Lansdowne Church.<br /><br />The subject property is single storey and is fitted out and operating as a Licenced restaurant and Takeaway, trading as the Noodle Bar. The business was opened in 2014 and is a very busy and popular restaurant within the town centre. Further information can be found on their website on the link below <br /> <br /><br /><br /><b>Planning</b><br /><br />Planning consent for change of use to restaurant was granted on 2nd February 1987. Planning application No A/86/2692/Z<br /><br /><br /><b>Legal Fees</b><br /><br />Each party will be responsible for their own legal fees.<br /><br /><b>Costs</b><br /><br />.<br /><br /><b>Accommodation Text</b><br /><br />ACCOMMODATION<br />Width 44'00" (13.4m)<br />Depth 39'06" (15.1m)<br />Total Floor Area 2,025 sq.ft. (188 sq.m.) Approx<br /><br />Designated parking in Lansdowne News adjoining the Lansdowne Church<br /><br /><br /><b>Tenure Comments</b><br /><br />TENURE<br />The property is held by way of a 10 year lease from 5th September 2020 let to an individual who is trading as the Noodle Bar Bournemouth. £24,000 p.a.<br /><br />Terms for a Reversionary lease from September 2030 for a term of 10 years are agreed and now in solicitors hands.<br /><br />PRICE<br />£325,000 freehold subject to and with the benefit of the existing lease and income and the reversionary lease being completed <br /><br />INVESTMENT FOR SALE