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4-6 High Street and 1-3 Pound Lane, Christchurch, Dorset, BH23

£575,000

£309.31 per sq. ft.

Business rates & charges may apply

Ellis and Partners Limited, Bournemouth
SIZE AVAILABLE
1,859 sq. ft.
(173 sq. m.)
SECTOR
High street retail property for sale
USE CLASS
Use class orders: A1 Shops, A3 Restaurants and Cafes and Class E
A1, A3, E

Key features

  • Investment opportunity in prime location
  • £38,000 per annum income
  • Three commercial units

Property description

LOCATION
Christchurch is a historic and affluent town with a large catchment being part of the wider Poole, Bournemouth and Christchurch conurbation. There is substantial tourism in Christchurch due to the close-by beaches, harbour and The New Forest.
The property is located within the Town Centre at the top of the High Street close to the busy A35. It occupies a prominent position within the town where other occupiers include M&S Food, Costa Coffee, Boots and WH Smith as well as independent retailers.

DESCRIPTION
The property comprises three commercial units with a self-contained flat above which has been sold off on a long lease. The rear of the property is accessed via a communal yard area.

ACCOMMODATION
1 Pound Lane - Reign Jewellers
Ground Floor:   22.91 sq m (246.51sq ft)
Shared staff kitchen area with 4-6 High Street.
Outside toilet and store, rights of access over communal yard area. EPC: Commissioned

3 Pound Lane - Cuckcoo's Coffee Bar
Ground Floor: 26.56 sq m (285.75sq ft)
First Floor: 21.17 sq m ( 227.74 sq ft)
Outside store, rights of access over communal yard area. EPC: Commissioned

4/6 High Street - Mark Bennett Patisserie
Ground Floor: 66.05 sq m (710.70 sq ft)
Basement:        36.08 sq m (388.22 sq ft)
Shared Kitchen, rights of access over communal yard area. EPC: D


TENANCIES
1 Pound Lane is let to Mr Demind Li and Mr Adam Myers from the 14th August 2014 until 13th August 2019 (expired) at a rental of £8,000 per annum on an effective FRI lease subject to a service charge. The Tenant is currently holding over.

3 Pound Lane is let to Cuckoo Coffee Shop from the 31st October 2009 until 31st October 2021 at a rental of £11,000 per annum on an effective FRI lease subject to a service charge.

4/6 High Street is let to Patisserie Mark Bennett Ltd from 19th February 2014 until 18th February 2034 at a rental of £19,000 per annum on an effective FRI lease subject to a service charge. Rent review and break clauses in 2024 and 2029.

The flat above (1a Pound Lane) is sold off on a l25 year long leasehold from 2014 at a peppercorn ground rent.

Total Income is £38,000 per annum

PRICE
£575,000 Freehold

VIEWING AND FURTHER DETAILS
By arrangement with Ellis and Partners through whom all negotiations are to be conducted. Tel: or email
Website:

Brochures

4-6 High Street and 1-3 Pound Lane, Christchurch, Dorset, BH23

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Christchurch Station0.4 miles
  • Pokesdown Station2.1 miles
  • Hinton Admiral Station3.1 miles

About Ellis and Partners Limited, Bournemouth

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

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Notes

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