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Property Details: • Type: Commercial Property • Tenure: LEASEHOLD • Floor Area: 938 sqft
Key Features: • Currently rented at £15,000 per annum for a term of 10 years • Gross floor area: 938 sq.ft. (87.21 sq.m.) approx. • Share of the freehold
Location: • Nearest Station: Bournemouth Station • Distance to Station: 0.38579362221123614 miles
Agent Information: • Address: Old Library House, 4 Dean Park Cresent, Bournemouth, BH1 1LY
Full Description: <b>Situation and Description</b><br /><br />The property is situated close to the Lansdowne roundabout in an established secondary trading area on the edge of the town centre that caters for the office workers from the central business district as well as the numerous students from the University and College.<br /><br />The premises consist of a retail sales area and lower sales area and benefits from kitchenette and WC.<br /><br /><b>Planning</b><br /><br />Class E use<br /><br /><b>Legal Fees</b><br /><br />Each party will be responsible for their own legal fees.<br /><br /><b>EPC</b><br /><br />Rating B-45<br /><br /><b>Costs</b><br /><br />Once a letting has been agreed, the proposed tenant will need to make a non-refundable applicant charge of £600 plus VAT.<br /><br /><b>Accommodation Text</b><br /><br />Shop Width: 18'04" (5.6m)<br />Shop Depth: 23'3" (7.1m) max.<br />Sales Area: 427 sq.ft. (39.76 sq.m.) approx..<br />Rear Sales Area: 110 sq.ft. (10.28 sq.m.) approx..<br />Basement (Gross Internal Area) 400 sq.ft. (32.17 sq.m.)<br />Gross Floor Area: 938 sq.ft. (87.21 sq.m.) approx..<br />WC and Kitchenette<br /><br /><b>Tenure Comments</b><br /><br />TENANCY<br />The premises are let to Fade Parturi Limited and Karzan Asaad Abdulmajeed on a 10 year lease expiring 10 September 2034 at a rental of £15,000 per<br />annum. There is a rent review on 11 September 2029.<br /><br /><br />PRICE<br />The long leasehold will be available to purchase at £165,000 for the existing 999 year lease which started on 1st January 2021.<br /><br />The purchaser will also acquire one sixth share in the freehold management company which owns and manages the building including five residential units over.<br /><br />LONG LEASEHOLD INVESTMENT FOR SALE
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