Commercial/Residential Investment - 5 Gordon Road, Wimborne, BH21 2AP
| Reference: | SGC/6435 |
|---|---|
| Property Type: | Investment |
| Property Term: | For Sale Freehold |
| Contract: | For Sale |
| Size: | 2,300+ft2 |
| Price: | £650,000 |
LOCATION
The property occupies a busy local trading location on the main access road (off Leigh Road) to this densely populated housing estate and also serves the Brook Road Industrial Estate. It also benefits from forecourt and on street parking adjacent.
ACCOMMODATION AND LEASES
Shop 1
Trading as She Clips Hairdressers
Retail area 473 sq ft
Cloakroom/WC and kitchenette
Let on a full repairing and insuring lease to April 2032(by way of renewal by reference to existing lease) at a current rent of £8,160 pa rising to £9,616 pax in April 2026 subject to 3 year rent reviews and tenant only break clause in April 2029
Shops 2/3
Retail and storage 1,550 sq ft approx.
Office 170 sq ft
Let to Appleby Westwood Group Ltd (Wessex Retail Ltd) as a Spar Convenience Store on a 15-year full repairing and insuring lease from 13th July 2020 at a current rent of £27,389.53 subject to 5 year RPI linked rent reviews.
Flat
A spacious modern flat with gas central heating and UPVC double glazing throughout.
Comprising well fitted kitchen, lounge/diner with access to roof terrace, 3 double bedrooms, bathroom and separate WC.
Currently let on an Assured Shorthold Tenancy at a rent of £950 pcm (£11,400 pax).
We feel that this is much less than the likely achievable rent in the open market.
The tenant will vacate, if required.
TOTAL INCOME (from April 2026)- £48,405.53.
NB
Planning consent was granted in May 2022 for the erection of a new 2 bedroomed first floor flat to the rear of the property and sewage connected and utilities have been installed but not connected, to activate this consent.
Plan attached. Application No. 3/21/1574.
CIL payment of £11,483.60 required.
PRICE
£650,000 for the Freehold. Interest subject to and with the benefit of the existing leases.
ENERGY PERFORMANCE CERTIFICATES
Flat – Band D Rating (64)
Shop 1 – Band C Rating (68)
Shop 2/3 – Band C Rating (52)
50.796667, -1.9718371
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.