Commercial Property for sale

Colville Road, Bournemouth, Dorset, BH5

Under Offer £100,000

Property Description

Commercial information

  • Use class orders: B1 Business, B2 General Industrial and sui_generis_1

Key features

  • Income Producing Investment
  • Rare Freehold Opportunity
  • New, Ten year FRI Lease Just Granted
  • Current Tenant In Occupation Over 11 Years

Full description

Tenure: Freehold

ADDRESS

1a Colville Road Bournemouth Dorset BH5 2AG

SIZE

550 Sq Ft (51 M)

LOCATION

The property is accessed directly from Colville Road in Bournemouth which sits directly behind the main A35 Christchurch Road, approximately 300 metres from Pokesdown Mainline Train Station. Bournemouth town centre is approximately 3 miles distant.

DESCRIPTION

The property comprises an industrial/motor-trade premises formed of render-finished blockwork elevations beneath a pitched, sheet profile roof.

Accessed by way of roller shutter and pedestrian doors, the unit provides open plan workshop/ production space with office and WC.

Externally the unit benefits from concrete loading area and off-road, allocated parking.

The property offers a rare, freehold investment opportunity being sold with the benefit of a new 10 year, full repairing lease commencing December 2016 at an annual rent of 8,400 per annum exclusive.

The property has been occupied by the current tenant for in excess of 11 years and the lease is taken in a personal name with provision for tenant break and rent review in the 5th year of the term.

The asking price of 100,000 would reflect a net initial yield of approximately 8.2% after assuming purchaser's costs of approximately 2.4%.

RATES

We understand that the rateable value is 1,550 per annum. The current standard non - domestic multiplier is 49.3p

The Government has doubled Small Business Rate Relief. Eligible occupiers may benefit from having a significantly reduced liability for Uniform Business Rates (up to 100% relief where properties have a rateable value of 6,000 or less) during this period. Applicants must check their eligibility and entitlement to any related benefits with the relevant Local Authority.

Interested parties are advised to obtain confirmation of the rateable value and rates payable from the local authority.

For more information visit:
https://www.gov.uk/introduction-to-business-rates

PRICE

100,000 for the freehold. We understand that VAT is not payable on this transaction.

PLANNING

We understand that the unit has planning consent for:

Garage/ workshop use.

In accordance with our usual practice all interested parties are encouraged to contact Bournemouth Borough Council, planning department (01202 451 451) with respect to the authorised use of the property and their proposed use.

EPC

Available on request.

LEGAL COSTS

Each party to bear their own in this transaction.

FINANCE ACT 1989

Unless otherwise stated, all prices and rents are exclusive of Value Added Tax. Purchasers or Lessees must satisfy themselves as to the incidence of VAT in respect of any transaction.

IMPORTANT NOTE

At no time has a structural survey been undertaken and appliances have not been tested. Interested parties must satisfy themselves as necessary as to the integrity of the premises and condition therein.

These particulars are believed to be correct, but their accuracy is not guaranteed and they do not constitute an offer or form part of any contract.

ESTATE AGENTS ACT 1979

In accordance with the requirements in the Estate Agents Act 1979 a Director of J M Watts Commercial Properties Limited declares an interest in these premises.

More information from this agent

Nearest stations

  • Pokesdown (0.2 mi)
  • Bournemouth (1.6 mi)
  • Christchurch (2.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

J.M. Watts, Dorset

93 Commercial Road, Parkstone, Poole, BH14 0JD

01202 066176 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Pokesdown (0.2 mi)
  • Bournemouth (1.6 mi)
  • Christchurch (2.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

J.M. Watts, Dorset

93 Commercial Road, Parkstone, Poole, BH14 0JD

01202 066176 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 1a. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by J.M. Watts, Dorset. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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