Commercial Investment - 349-351 Charminster Road

Overview

Reference: 6370/SGC
Type: Investment
Contract: For Sale
Location: Bournemouth
Area: -ft2
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Commercial investment for sale in Charminster Road, Bournemouth

Location

The property is located in Charminster, a popular suburb of Bournemouth approximately 2 miles north of the Town Centre and serving the densely populated immediate vicinity.  Charminster Road is a main arterial road (B3063) and the properties are situated in a secondary location opposite the Esso filing station in a popular parade with a good mix of established local retail and office (A2) based businesses.

Charminster Road is a main bus route and the property benefits from on street car parking.

Description

The property forms part of a two storey terraced building arranged as retail on the ground floor with two self-contained two bed flats over.

Accommodation

349 Charminster Road

Shop
Gross Frontage 16’ 4”
Net Retail Area 360 sq ft
Store 240 sq ft

Flat – self contained GIA – 720 sq ft

Comprising generously sized lounge, two bedrooms, kitchen and bathroom/WC.

351 Charminster Road

Shop
Gross Frontage 16’ 4”
Net Retail Area 362 sq ft
Store 271 sq ft

Comprising generously sized lounge, two bedrooms, kitchen and bathroom/WC.

Tenancy

The entire property is let on an over riding lease to LFB Meats on a 12 year lease from 28/07/2011 subject to a tenant only break clause in May 2019 upon 9 months prior notice at a current rent of £23,000 per annum exclusive, subject to final review in May 2018.

The tenant is responsible for interior, shop front, fascia doors and windows repairs and upkeep and redecoration of whole.  Structural repairs including foundations, walls and roofs are excluded.

The lease is excluded from Section 24-28 of the Landlord and Tenant Act.

Price

£375,000 subject to and with the benefit of the existing lease.


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.