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797 Christchurch Road, Bournemouth, Dorset, BH7

£109,950

£11.00 per sq. ft.

Business rates & charges may apply

Ellis and Partners Limited, Bournemouth
SIZE AVAILABLE
10,000 sq. ft.
(929 sq. m.)
SECTOR
Out-of-town retail property for sale

Key features

  • Prominent corner position lock up shop and basement
  • 3 residential flats sold off on long leases

Property description

Tenure: Freehold

SITUATION AND DESCRIPTION
The property occupies a prominent corner position at the junction of Christchurch Road and Parkwood Road approximately ½ mile east of the pedestrianised section of Christchurch Road and ¼ miles west of Pokesdown Railway station.

The property, which is freehold, comprises a substantial property arranged over ground, basement, first and second floors. The commercial shop is arranged over ground floor and basement. The residential entrance is located off Parkwood road and we understand the first and second floors comprises 3 residential flats which have been sold off on long leases. The 3 shops on Parkwood road have been sold off on a long lease.

ACCOMMODATION
797 Christchurch road
Main Shop 20'07" x 18'06" (6.27m x 5.63m)
Rear Shop 14'00" x 12'00" (4.26m x 3.65m)
Basement (room 1) 10'00" x 12'00" (3.04m x 3.65m)
Basement (room 2) 15'00"x 18'02" (4.57m x 5.53m)

797a Christchurch Road
Residential Accommodation (uninspected)

TENANCIES
797 Christchurch Road is held by way of a 21 year lease from 25th June 2006. Rent reviews are every 3rd year, the rent is £7,500 p.a. (we have not had sight of the lease)

There is a June 2021 rent review. ERV £9,000 p.a.

797a Christchurch Road. The 3 residential flats are held on sub leases which are held on 99 year leases from 25th March 1987. 2 flats have already extended their leases. Lease extension premiums on both flats in excess of £11,000.

1a,1b and 1c Parkwood road will be held by way of a new 999 year lease at a peppercorn ground rent. The tenant will be liable to contribute towards buildings insurance for all shop units and a service charge contribution only for 1a Parkwood road.

EPC RATING D

FREEHOLD
£109,950 for the freehold subject to the existing tenancies and rental income.

Brochures

797 Christchurch Road, Bournemouth, Dorset, BH7

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Pokesdown Station0.3 miles
  • Bournemouth Station1.5 miles
  • Christchurch Station2.1 miles

About Ellis and Partners Limited, Bournemouth

Old Library House, 4 Dean Park Cresent, Bournemouth, BH1 1LY

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Notes

These notes are private, only you can see them.

Disclaimer - Property reference C6472-1. 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 Ellis and Partners Limited, Bournemouth. 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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