3-5, Lansdowne Road, Bournemouth, Dorset

Situation and Description

The Lansdowne is a busy part of the Town Centre where Bournemouth University now has its administration offices and numerous Student halls of residence. The central business district is located nearby in Oxford Road. The Lansdowne has a wide range of commercial occupiers that cater for both the student population and office workers in the immediate vicinity. The property is located on the corner of Lansdowne Mews and next door to the newly built Lansdowne Church.

The subject property is single storey and is fitted out and operating as a Licenced restaurant and Takeaway, trading as the Noodle Bar. The business was opened in 2014 and is a very busy and popular restaurant within the town centre. Further information can be found on their website on the link below



Planning

Planning consent for change of use to restaurant was granted on 2nd February 1987. Planning application No A/86/2692/Z


Legal Fees

Each party will be responsible for their own legal fees.

Costs

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Accommodation Text

ACCOMMODATION
Width 44'00" (13.4m)
Depth 39'06" (15.1m)
Total Floor Area 2,025 sq.ft. (188 sq.m.) Approx

Designated parking in Lansdowne News adjoining the Lansdowne Church


Tenure Comments

TENURE
The property is held by way of a 10 year lease from 5th September 2020 let to an individual who is trading as the Noodle Bar Bournemouth. £24,000 p.a.

Terms for a Reversionary lease from September 2030 for a term of 10 years are agreed and now in solicitors hands.

PRICE
£325,000 freehold subject to and with the benefit of the existing lease and income and the reversionary lease being completed

INVESTMENT FOR SALE