845 Christchurch Road, Bournemouth, Dorset, BH7 6AR
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Of interest to investors.
- Let to Blue Ockra Ltd
- Trading as a Retro Furniture Shop
- Freehold three storey terraced building
- Ground floor retail unit let at £6,500 per annum.
- Three flats sold on long leases paying £700 pa.
- Rent Reserved £7,500 per annum.
Description
StrapLine
Auction Sale - 27/02/2024Of interest to investors. A freehold three storey terraced building arranged as a ground floor shop and basement let at £6,500 per annum. There are two upper flats and one to the rear which have been sold on long leases. Investment opportunity. Rent Reserved £7,200 per annum.
Location
Situated to the south side of Christchurch Road, close to the junction with Queensland Road,
Christchurch Road forms part of the A35 linking Bournemouth and Christchurch which produces a good level of passing trade.
Other nearby occupiers include a grocery shop, a bakery, an interior design studio and many other local independent traders and takeaway restaurants.
Pokesdown Station is just 0.2 miles to the East
Transport
Pokesdown Station - National Rail
Tenancy
The shop and basement are let on a 10 years lease from 25th November 2020 to Blue Ockra Ltd with personal guarantees from the three directors. There is a rent review to OMV and a tenant break option on 24th November 2026.
There was a rent-free period to 25th May 2021 and since then we are advised the rent has been paid regularly each quarter. The shop trades as a retro furniture and curiosity/artifacts business and previously operated in Camden market.
Accommodation
Ground floor shop - Net sales area 384 sq ft (35.67 sq m)
Basement stores - 371 sq ft (34.4 sq m)
845 Christchurch Road, Bournemouth, Dorset, BH7 6AR
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Pokesdown Station0.2 miles
- Bournemouth Station1.6 miles
- Christchurch Station2.0 miles
About Savills Auctions, London
33 Margaret Street London W1G 0JDSavills Auctions are specialist residential and commercial property auctioneers with an unrivalled depth of experience and market knowledge.
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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