Business Summary

SITUATION AND DESCRIPTION

The property comprises the ground floor of a three storey listed building close to the center of Christchurch where surrounding properties are a mixture of residential, specialist retail, office and catering uses.

The ground floor has recently been granted planning consent for Class A3 restaurant.

The property is located opposite Prezzo and close to the historic castle ruins.

ACCOMMODATION
Ground floor shop, stores, cloakroom and kitchen
Gross Internal Area 2,464 sq.ft (229 sq.m)
Gross External Frontage
(including secondary
display window) 33’4” (10.18 m)
Internal Shop Width 15’1” (widening) (4.60 m)
Overall Shop Depth 124’3” (37.94 m)
Outside
Small external storage area. There is no rear loading / access.

RATEABLE VALUE - £10,500

U.B.R. 2013/2014: Payable; 46.2% (if eligible for small rate relief), otherwise 47.1%

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

PLANNING

The planning consent prohibits the exterior room being used for customer seating etc.

Class A1 retail
Class A3 restaurant subject to conditions – further information on request.

TENURE

The property is available by way of a new fifteen-year FRI lease at a commencing rent of £29,500 per annum subject to 5 yearly rent reviews.

Alternatively the freehold may be purchase.
For the retail unit plus the 2 flats above offers over £650,000 are required
For the retail unit only offers over £350,000 are required

LEGAL FEES

The incoming tenant will be expected to pay the landlords reasonable legal fees in connection with the preparation of the lease.

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

Property Details

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