Investment Bournemouth - 109-111 Commercial Road

Overview

Reference: 6359/SGC
Type: Investment
Contract: For Sale
Location: Bournemouth
Area: 1099ft2
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Prominent town centre cafe/bar investment – 1,099 sq ft

Location

The premises occupy a good trading position within Bournemouth town centre, being located a short distance from the prime pedestrianised precinct where numerous multiple retailer are located including Marks and Spencer, Sports Direct and Primark.  There is also a good mix of restaurants/bars located in close proximity including Rancho Steakhouse, Koh Tahi Tapas and Smoking Aces (Cocktail Bar) and the premises are immediately opposite both Betfred and Ladbrokes.

Description

A modern double fronted café and bar with the benefit of Class A4 use.  The premises comprise a ground floor space for 30 covers with bar area, together with a good sized basement which offers space for an additional 14 covers, a kitchen preparation area and male and female WC’s.

Accommodation

Ground Floor Café/Bar

Internal Width:                      29’ 8”  max

Shop Depth:                         24’ 6”   max

Net floor Area:                   588 sq ft   55 sq m

Useable basement:             511 sq ft   47 sq m

Outside:                                 Rear yard with additional outside seating

Lease

The premises are let to Adda Enterprise Ltd on a 6 year term from 15 December 2016, subject to a tenant break clause at the end of the 3rd year at a rent of £13,000 per annum exclusive. Subject to 3rd year review on a full repairing and insuring basis.

There is a £4,000 security deposit.

The two flats above are sold off and held on a 999/125 year leases.  Flat 1 pays a rent of £125 per annum, Flat 2 a peppercorn.

Price

£149,950 for the freehold interest subject to the benefit of the commercial lease and ground leases over.


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.