665 Christchurch Road, Boscombe, Bournemouth, Dorset

Property Details: • Type: 740 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Ground floor lock up shop • Two large self-contained flats • Total current income £28,720 p.a.

Location: • Nearest Station: Pokesdown Station • Distance to Station: 0.5 miles

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

Full Description: Situation and DescriptionThe property is located in an established secondary trading position close to the pedestranised section of the road and close to the junction of Hawkwood Road and the A35 Christchurch Road.Bournemouth Town Centre is located 3 miles to the west and Christchurch town centre is 3 miles to the east of the subject property.Commercial occupiers in the immediately vicinity are a mix of specialist retailers, catering outlets and office occupiers.The subject property comprises a ground floor lock up shop that has a long term tenant who is flooring retailer. The tenants have a partition wall installed in the shop to create some storage space. There is a back door leading to a communal area that is shared with the residential flats above. Leading off the communal area is a cloakroom for the commercial unit and a rear access to the yard. There are two large self contained flats above which are accessed from the rear of the property. The first floor flat has long term tenants in occupation. The second floor flat has been modernised throughout and has a tenant in occupation for the last 6 years.The yard to the rear of the property is accessed from a service road that runs across the back of the shops that front Christchurch RoadLegal FeesEach party will be responsible for their own legal fees.EPCGround Floor Rating BFlat 1 Rating CFlat 2 Rating DAccommodation TextGround floor Width 19'00" ( 5.8m)Depth 39'00" (11.8m)Sales Area currently partitioned at 31'09" ( 9.6m)Sales Area 740 sq.ft. (68.7 sq.m.) Approx.CloakroomFirst floor flatBedroom (front) 12'00" x 12'10" (3.6m x 3.8m)Bedroom (front) 7'00" x 9'03" (2.1m x 2.8m)Lobby (mid) 14'06" x 6'06" (4.4m x 1.9m)Lounge kitchen Diner 15'02" x 18'00" (4.6m x 5.4m)Larder 2'10" x 5'00" (0.8m x 1.5m)Bathroom 6'04" x 8'02" (1.9m x 2.5m)Second Floor FlatBedroom (front) 9'05" x 13'05" (2.8m x 4.1m)Kitchen (front) 9'07" x 13'06" (2.9m x 4.1m)Lounge (rear) 9'06" x 18'06" (2.8m x 5.6m)Bedroom (rear) 9'06" x 18'06" (2.8m x 5.6m)Ground floor lock up shopTwo large self-contained flatsTotal current income £28,720 p.a.Tenure CommentsTENANCIES Ground Floor The shop is let on a 15 year lease from 4th December 2015 to Dorset Contract Flooring Limited (Company number 05689673) at a rental of £11,500 p.a. The lease includes Tenant break clauses at the 5th and 10th anniversaries . The tenant must keep the premises in good and substantial repair and there is a service charge obligation for the building. The user clause is any Class A1 retail use or other use subject to landlords consent. The lease includes rent reviews on 25th December 2020 and 25th December 2025 First Floor Flat The latest AST was for a period of 12 months from December 2021. The tenants currently pay £710 pcm The tenants are long term occupiers Second floor flat The latest AST was for a period of 6 months from September 2017. The tenant currently pays £725 pcm The tenant has been in occupation for over 6 years Total Gross Income £28,720 p.a. PRICE£395,000 freehold subject to and with the benefit of the existing tenancies and income of £28,720 p.a. RETAIL AND RESIDENTIAL INVESTMENT - FOR SALE