52A Southbourne Grove, Southbourne, 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 Coffee No1., Tesco Express, Boots the Chemists, Costa Coffee and Loungers Café.

The subject property comprises a double fronted lock up shop with arcade style shop front.The accommodation has ground floor sales area and a step
up to a rear sales area and cloakroom to the rear. The living accommodation to the rear is sold off on a long leasehold and has not been inspected

Planning

Prior approval consent for change of use from Shop (Class A1) to restaurant (class A3) was granted on 12 November 2018. Planning application
No. 7-2018-5514-C

Legal Fees

Each party will be responsible for their own legal fees.

EPC

Shop - Rating D
Residential - Rating E

Costs

Once a letting has been agreed, the proposed tenant will need to make a non-refundable applicant charge of £600 plus VAT.

Accommodation Text

Shop
Width : 14'00" (4.26m)
Depth : 39'00" (11.88m) max.
Total Sales Area : 496 sq.ft. (46.08 sq.m) approx.
Corridor leading to cloakroom
Living Accommodation - Uninspected

Tenure Comments

COMMERCIAL LEASE
The premises were originally held by way of a 5 year lease from December 2018. The tenant now holds a 10 year lease from 14 December 2023. The
lease is within the Landlord and Tenant Act. The lease is subject to a 5 year rent review. No break clauses in the lease. Passing rental of £10,800 p.a. The
landlord is responsible for the flat roof over the shop

Permitted User Use Class E. Currently trading as a coffee shop

RESIDENTIAL LONG LEASE
999 year lease f rom 31 January 2006 at a peppercorn st ground rent.

PRICE
Freehold £150,000 subject to and with the benefit of the existing leases and income of £10,800 p.a.


INVESTMENT FOR SALE