16 Southbourne Grove, Bournemouth, Dorset

Situation and Description

Southbourne is a popular and affluent residential district
approximately midpoint between Bournemouth and Christchurch
town centres. Southbourne Grove is the main shopping area that
serves not only Southbourne but Tuckton and Boscombe East. The
road has a good mix of both local and national retailers including
Sainsbury Local, Coffee No1., Tesco Express, Boots the Chemists,
Costa Coffee and Loungers Café.
The subject property is mid terraced and South facing. The
commercial unit comprises an open plan ground floor sales area
with storage and cloakroom to the rear. There is rear access into the
yard. The commercial unit has two basement rooms that are
accessed from a floor hatch. One of the basement rooms is under
14 Southbourne Grove (Post Office). At the rear of the building
is an external metal staircase that provides access to both flats. The
first floor flat (Flat A) comprises bedroom, lounge, adjoining room
to the lounge, large kitchen, bathroom and storage cupboard. The
second floor flat (Flat B) comprises two bedrooms, lounge, large
kitchen, bathroom and storage cupboard.
Outside there is a decent sized yard to the rear of the property that
is accessible for both pedestrians and vehicles.

Planning

There is no recent online planning history available about the property.

Legal Fees

Each party will be responsible for their own legal fees.

EPC

Commercial shop -
Flat A - Rating C
Flat B - Rating C

Accommodation Text

Ground floor
Width 12'00" (3.6m)
Depth 52'08" (16.1m)
Sales Area 624 sq.ft. (57.9 sq.m.) Approx
Rear Stores 11'10" x 10'04" (3.6m x 3.1m)
Toilet
Basement (floor hatch access)
Room 1 18'08" x 14'00" (5.6m x 4.2m)
Room 2 (under No14) 18'00" x 14'00" (5.4m x 4.2m)

Flat 16a (first floor)
Bedroom 14'03" x 14'02" (4.3m x 4.3m)
Lounge 9'02" x 17'06" (2.8m x 5.3m)
Room off Lounge 9'02" x 17'06" (2.8m x 5.3m)
Kitchen 12'06" x 14'06" (3.8m x 4.4m)
Bathroom 8'03" x 6'00" (2.5m x 1.8m)
Bath washbasin and toilet
Storage 9'04" x 2'08" (2.8m x 0.8m)

Flat 16b (second floor)
Bedroom 9'02" x 16'00" (2.8m x 4.8m)
Bedroom 9'02" x 19'06" (2.8m x 5.9m)
Lounge 14'00" x 13'00" (4.2m x 3.9m)
Kitchen 12'06" x 13'06" (3.8m x 4.1m)
Bathroom 9'02" x 5'04" (2,8m x 1.6m)
bath wash basin and toilet
Storage 9'02" x 3'07" (2.8m x 1.1m)
Entrance Lobby 12'06" x 6'00" (3.8m x 1.8m)


Ground and basement retail unit trading as The Pet Shop Guys let at £16,500 p.a.

Two self contained flats above both let on AST's at £925 pcm and £950 pcm

Total Income £39,000 p.a.

Tenure Comments

TENANCIES
Commercial Premises
12 year lease commencing from 12 March 2018 let to The Pet
Shop Guys Southbourne Limited Company No. 04468446.
Internal repairing lease with service charge contribution of 2/5th of
the service costs. Permitted User is Class A1 retail. The lease is
subject to 3 yearly RPI rent reviews. The 25th March 2024 rent
review has been settled at £16,500 p.a.
Flat A
Let on an initial six month AST dated 19th November 2020 . The
rental is now £950 per calendar month
Flat B
Let on an initial six month AST dated 30th June 2021. The rent is
now £925 per calendar month.
Total Income £39,000 p.a.

Retail and Residential Investment FOR SALE