Investment for sale Southbourne - 136 Parkwood Road

Overview

Reference: 6360/SGC
Term: Freehold subject to and with the benefit of the existing lease on the whole
Type: Investment
Contract: For Sale
Location: Bournemouth
Area: -ft2
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Investment for sale in Southbourne -Takeaway and Flat

Location

This semi detached property occupies a secondary trading position just off Seabourne Road and a few yards from the busy, affluent shopping centre of Southbourne with its abundance of High Street names and being immediately opposite the landmark Brewhouse and Kitchen Public House serving the densely populated immediate areas of Southbourne, Tuckton and Boscombe/Boscombe East.

There is limited on street parking adjacent.

Accommodation

Ground floor

Open Plan Takeaway / Kitchen – 406 sq ft

Stockroom – 115 sq ft

Door to rear yard and pedestrian access to service pathway.

First Floor

Currently arranged as living accommodation providing lounge, two double bedrooms and bathroom/wc.

Lease

The entire property is let to Akram Abu Matin trading as Akis Indian Takeaway on a 10 year full repairing and insuring lease from 6th June 2014 at a commencing rent of £9,500 per annum exclusive, subject to upwards only rent reviews in June 2017 and 2020.

The lease is contracted within the Security of Tenure Provisions of the Landlord and Tenant Act 1954.

Agents Note

It is our opinion that there is good scope for a 15/20% increase on this rent at the June 2017 review.

Price

£170,000 Freehold, subject to and with the benefit of the existing lease on the whole.

 


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.