Retail investment - 10 The Parade, Marshal Road, Poole, Dorset, BH17 7EZ
| Reference: | SGC/6403 |
|---|---|
| Status: | Under Offer |
| Property Type: | Investment |
| Property Term: | Long Leasehold |
| Contract: | For Sale |
| Size: | 553ft2 |
| Price: | £79,950 |
Location
The unit is prominently located on Marshal Road, within a long-established local shopping parade. The property is adjacent to a Premier Convenience Store and a Take-Away and has the benefit of unlimited on street car parking to the front of the premises and nearby. The property is located approximately 0.7 miles from Broadstone Town Centre, which is a popular and affluent suburb of Poole.
Description
The property is a ground floor lock up retail premises, comprising a main open plan sales area, with a single WC and kitchenette area to the rear.
Accommodation
Shop Internal Width 14’ 9’’
Depth 37’ 6”
Net Retail Area 553 sq ft / 51.4 sq m
Kitchen area 125 sq ft / 11.61 sq m
Store area 14 sq ft / 1.3 Sq m
Tenure
The premises are held by way of a long leasehold interest for a term of 999 years, which expires in 3005. A peppercorn ground rent is payable.
The premises are let to a private individual by way of a new 15 year lease from 1st January 2021, thus expiring 1st January 2036. The lease incorporates RPI linked rent reviews upon every 2nd anniversary of the term and there are no tenant break options during the term. The current rent passing is £6,000 per annum exclusive.
Price
£79,950
Rateable Value
£4,300
*Small business rates relief is applicable for the current tenant*
Legal Costs
Each party are to be responsible for their own legal costs incurred in the transaction.
VAT
The vendor has confirmed that the premises are currently not elected for VAT.
See attached brochure for more information
50.74894, -1.989424
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.