296 Wallisdown Road, Bournemouth, Dorset

Situation and Description

The A3049 Wallisdown road is a very busy link road that connects the conurbations of Bournemouth and Poole. The parade of shops is situated about 3 miles from Bournemouth town centre and 5 miles from Poole town centre. Wallisdown road has a mix of commercial and residential occupiers along its entire length.The subject premises is located a short distance from the junction where Alder Road and Kinson Road roundabout meets with Wallisdown Road.

Either side of the roundabout is an established secondary shopping area which is predominantly occupied by local traders but the likes of Aldi and Tesco Express are also represented. Bournemouth University campus is located nearby.

The property comprises a substantial ground floor retail unit that is occupied by local charity Julias House. The large first floor flat comprises 4 / 5 bedrooms, lounge, kitchen and bathroom. The flat has recently been renovated. Access to the flat is from the rear of the property.


Legal Fees

Each party will be responsible for their own legal fees.

EPC

Shop Rating C
Residential Rating C


Accommodation Text

ACCOMMODATION
Ground Floor
Width 31'06" ( 9.6m)
Depth 72'09" (22.1m)
(Shop currently partitioned at 65'00" (19.8m)

Total Floor Area 3,046 sq.ft.(282 sq.m.) Approx
(Of which 850 sq.ft. (78.9 sq.m.) approx is storage and staff office kitchenette and cloakroom facilities)

Outside
Service road to the rear of the building for loading and unloading. The tenant has shared parking rights with the neighbouring shops in connection with 15 parking spaces at the rear of the parade of shops.

Residential Accommodation
Recently renovated flat comprises 4/5 bedrooms, lounge kitchen bathroom.
Lounge (front) 16'10" x 11'07" (5.1m x 3.5m)
Bedroom (front) 13'09" x 11'00" (4.2m x 3.3m)
Bedroom (rear) 16'05" x 11'00" (5.0m x 3.3m)
Bedroom (rear) 8'05" x 12'08" (2.5m x 3.8m
Bedroom (mid) 16'05" x 10'07" (5.0m x 3.2m)
Bed / office (mid) 8'09" x 16'02" (2.6m x 4.9m)
Kitchen 9'10" x 5'10" (2.9m x 1.7m)
Bathroom 7'00" x 8'09" (2.1m x 2.6m)


Tenure Comments

The residential flat is currently vacant

A new lease, contracted inside the provisions of the Landlord and Tenant Act 1954 Part II, is for a term of 10 years from 21st August 2025 let to Julias House Limited at a rental of £20,000 p.a.. The lease includes a 5th year rent review and a tenant only break clause at the end of the 5thyear.

The Tenant must keep the premises in a good state of repair and condition but subject to a schedule of condition attached to the previous lease.

Permitted user clause is Use Class E(a) retail sales

Alienation rights to assign and underlet the whole property

Julias House Charity Number 1067125. For the year Ending December 2024 the charity recorded an income of in excess of £10m.

PRICE
Freehold investment subject to and with the benefit of the existing lease and income. £485,000 (not elected VAT)



RETAIL AND RESIDENTIAL INVESTMENT FOR SALE