Shop and Flat Investment - 115/115a Poole Road, Westbourne, BH4 9BG
| Reference: | SGC/6432 |
|---|---|
| Status: | Under Offer |
| Property Type: | Investment |
| Property Term: | For Sale Freehold |
| Contract: | For Sale |
| Size: | 1000+ft2 |
| Price: | £360,000 |
LOCATION
The property is situated at the western end of Poole Road, a couple of doors away from HSBC Bank and close to M&S Food in a good secondary trading location.
This section of Westbourne benefits from being on the main pedestrian route between Liverpool Victoria and other major office buildings into the main shopping centre of Poole Road and having the M&S Food car park immediately behind.
Other occupiers within close proximity include Starbucks, Betfred and Fred Olsen.
Westbourne is a bustling affluent suburb approximately 1 mile to the west of Bournemouth town centre and enjoys a well-supported shopping centre serving the adjoining affluent suburbs of Canford Cliffs, Sandbanks, Branksome Park and Talbot Woods.
ACCOMMODATION AND LEASES
Ground Floor
Shop
Internal Width 15’3” max
Depth 35’ max
Retail Area: 488 sq ft
Basement: 452 sq ft
Shop and basement are let on a 10 year full repairing and insuring lease from 17th May 2021 at a current rent of £13,500 pax subject to 3 year rent reviews. (The rent review from May 2024 has not been implemented).
There are tenant only break clauses in May 2027 and 2030. There is a 3-month rent deposit held.
Maisonette over 115a
(With access fronting Poole Road)
First Floor
Kitchen/Diner 172 sq ft
With fully fitted kitchen and appliances
Lounge 297 sq ft
½ landing Shower/WC
Second floor
Bed 1 176 sq ft
Bathroom/WC
Bed 2 181 sq ft
Third floor
Bed 3 228 sq ft
Maisonette let on a 12 month Assured Shorthold Tenancy at a rent of £16,200 pa.
INCOME
Total current income - £29,700 pax
PRICE
£360,000 Freehold
ENERGY PERFORMANCE CERTIFICATE
Shop – Band C Rating 55
Flat – Band D Rating – 58
50.72336, -1.905081
Property Misdescription Act and Misrepresentation Act: These particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. Nettleship Sawyer cannot guarantee the accuracy of any description, dimension, references to condition, necessary permissions for use and occupation and other details contained herein and the prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy. No employee of Nettleship Sawyer has any authority to make or give any representations or warranty or enter into any contract whatever in relation to the property. Rents or prices quoted in these particulars may in addition be subject to VAT. Nettleship Sawyer will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.