Business Summary

SITUATION AND DESCRIPTION

The properties occupies a prominent corner site location at the junction of West Way and Malvern Road. West Way is a busy cut through linking Charminster Road with Castle Lane West. The property is located in a high density predominantly owner occupied residential suburb of Bournemouth approximately 2 miles north of Bournemouth Town Centre. The property comprises a ground floor shop premises trading as an off licence and a self contained two bedroom flats over. The first floor comprises two doubled bedrooms, lounge kitchen and bathroom. The accommodation has gas central heating and double glazing throughout. The shop can be accessed from the ground floor hallway of the flat.To the side of the property there is a small yard and single garage. We understanf that there is potential to extend the sales area into the garage

ACCOMMODATION

We have not inspected the property but are advised that the accommodation has the following areas

Ground Floor Sales : 412 sq.ft. (38.27 sq.m.) approx.
Internal Stores
Garage : 228 sq.ft. (21.12 sq.m.)

Off road parking
Forecourt for additional displays or further parking

Living Accommodation
Separate entrance
Two double bedrooms
Lounge
Kitchen
Bathroom
Gas fired central heating
Double glazing

RATEABLE VALUE £4,350 (previously £2,700)
Residential - Band A

U.B.R. 2010/2011: Payable; 40.7% (if eligible for small rate relief), otherwise 41.4%

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

TENURE

The whole property is let on a full repairing and insuring lease contracted outside the Landlord & Tenant Act 1954 Part II from 18th May 2009 until 20th July 2018 to Akin Akpolat. The initial rent is £13,500 p.a. The lease is subject to three yearly rent reviews. The user clause is off licence or any other use with Class A1 retail.

PRICE

£200,000 for the freehold interest subject to and with the benefit of the existing lease

VIEWING & 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

For Business Investors

Other Business Details