Business Summary

SITUATION AND DESCRIPTION

The property is located in an established secondary trading position at the eastern end of Ashley Road. The property is located about three miles north of Poole Town Center and three miles west of Bournemouth Town Center. Whilst there are a number of multiple traders further along Ashley Road the majority of the occupiers in the immediate vicinity are local and specialist traders.

The property occupies a prominent corner position with return frontage window display into Layton Road.

The accommodation comprises two shop units that have been opened up to provide predominantly clear open plan space. There is a single parking space in the rear car park.

ACCOMMODATION

Shop Width :42’06” (12.95m)
Shop Depth :33’03” (10.13m)
Sales Area :1,120 sq.ft. (104.04 sq.m.) approx..
Ancillary Stores : 120 sq.ft. ( 11.15 sq.m.) approx..
Office : 80 sq.ft. ( 7.43 sq.m.) approx..
Single cloakroom
Basement under part of the shop

One dedicated parking space in a shared car park.

RATEABLE VALUE - £11,750 (previously £8,500)
U.B.R. 2013/2014: Payable; 46.2% (if eligible for small rate relief), otherwise 47.1%

Interested parties should inquire of the local Rating Authority as to the implications of the phasing arrangements on the amount of rates actually payable. Parties should also make inquiries concerning the implications of the small business allowance.

PLANNING

It is assumed that there is a long established use of the premises as Class A1 retail sales.

No catering.

All interested parties should make their own inquiries to Poole Borough Council Planning Departments.

TENANCIES

Flats 1-5 have all been sold off on 99 year lease from 1996. The ground rents are £150 p.a. per flat.

TENURE

The ground floor lock up shop is available on a new lease with terms to be negotiated at a rental of £12,000 p.a.

FREEHOLD

Alternatively the freehold of the property subject to and with benefit of the ground rent income from the flats above is available at a price of £130,000.

LEGAL FEES

The incoming tenant will be responsible for their own legal fees.

VIEWING AND FURTHER DETAILS

By arrangement with Ellis and Partners through whom all negotiations are to be conducted.

Tel: 01202 551821
Website: www.ellis-partners.co.uk

* NOTICE

THE MARKETING OF THESE PREMISES IS BEING UNDERTAKEN IN ORDER TO MITIGATE THE LOSSES OF THE LANDLORD AND THOSE OF THE LESSEES WITHOUT PREJUDICE TO THE RIGHTS OF THE LANDLORD IN RESPECT OF ARREARS OF RENT, CURRENT AND FUTURE RENTS AND OTHER OBLIGATIONS OF THE LESSEES. THE LANDLORD HAS NOT TAKEN POSSESSION NOR FORFEITED THE LEASE WHICH REMAINS VESTED IN THE LESSEES. THE KEYS ARE HELD BY ELLIS AND PARTNERS.
ALL FIXTURES AND FITTINGS AND EQUIPMENT WITHIN THESE PREMIES ARE THE PROPERTY OF THE LANDLORD AND NO PERSON OTHER THAN THE LANDLORD HAS THE RIGHT TO REMOVE ANY ITEMS.

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