Business Summary

SITUATION AND DESCRIPTION

The premises are located in an established secondary trading location at the top of the pedestrianized section of the road. This section of the road is now predominantly occupied by Class A2 office users including estate agents, employment agents and banks and building societies. Occupiers in the immediate vicinity include Nationwide, Northern Rock, Ladbrokes, Halifax and Countrywide Estate Agents.

The property comprises a lock up shop and basement that has been divided into two shop units. 121 Old Christchurch Road is now underlet and trading as Quinn & Co Estate Agents.

The property is available by way of an assignment of the existing lease and with the benefit of the income from the underlet shop.

ACCOMMODATION

119 Old Christchurch Road – Vacant
Frontage :14’10” (4.53m)
Width :11’10” (3.60m) widening to
16’09”(5.10m)
Depth :58’06” (17.83m)
Sales Area :950 sq.ft. (88.25 sq.m.)
Male and Female Cloakrooms
Kitchen / staff room :17’00” x 5’00”
(5.18mx 1.52m)
Basement (2 rooms) :1,073 sq.ft. (99.68 sq.m.)

121 Old Christchurch Road - Occupied
Frontage :11’06” (3.50m)
Internal Width :13’00” (3.96m) max
Depth :43’06” (13.25m)
Ground Floor Sales :420 sq.ft. (39.02 sq.m) approx.
Cloakroom

RATEABLE VALUE -
119 Old Christchurch Road - £35,250
(previously £29,500)
121 Old Christchurch Road - £17,750
(previously £14,750)

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

Planning consent for change of use from Class A1 retail to Class A2 estate agency (7-1997-01770-M) was granted on 14th July 1997

Planning consent for the alterations to the shop front (7-2005-2770-0) when the premises were converted into two shops was granted on 17th January 2006.

TENURE

The premises are held by way of a 10 year lease from 24th June 2004 expiring 24th June 2014 at a rent of £55,000 p.a. The current tenant will consider granting an under lease for 119 Old Christchurch Road.
The current tenants are happy to approach the landlords about the granting of a new lease for 119 Old Christchurch Road.
121 Old Christchurch Road is held by way of an under lease. Further details on application about the lease and rent.

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

Property Details

Other Business Details