Commercial investment - 97 /97a / 97b Poole Road, Westbourne

Reference: 6392/SGC
Status: Under Offer
Property Type: Investment
Property Term: For Sale
Contract: For Sale
Size: -ft2
Price: £525,000 plus

LOCATION

The property is situated in the very heart of this bustling, affluent Bournemouth suburb approximately one mile west of Bournemouth Town Centre.

Westbourne is a high quality suburban shopping centre which serves the relatively prosperous surrounding residential area together with major local employers including Barclays Bank and Liverpool Victoria.  The property is located immediately opposite Starbucks and close to Jo Jo Mama Bebe, Betfred, Lloyds Bank and Marks and Spencer Foodhall.

DESCRIPTION

The property comprises a mid terrace building of 2 shops, one with basement and a self-contained 1,300 sq ft 3 bed maisonette over accessed from the rear service area.

ACCOMMODATION & LEASES

97 Poole Road

Ground Floor

Shop – 363 sq ft

Area ITZA – 298 sq ft

Basement – 488 sq ft


Let to Evolutio Care Innovations Ltd, opthalmologists, on a 6 year lease term from April 2019 on internal repairing and insuring terms at a current rent of £15,000 per annum exclusive, subject to 3rd year review and tenant break clause in April 2022.

There is a 3 months rent deposit held.

97a Poole Road

Ground Floor

Shop - 436 sq ft

Area  - ITZA 306 sq ft

Beauty Room  - 126 sq ft

Let to CL Barnett, as a barbers shop on a 6 year term from July 2020 on full repairing and insuring terms at a current rent of £14,000 per annum exclusive, subject to 3rd year review and tenant break clause.

There is a 3 months rent deposit held.

97b Poole Road

Maisonette

Approximately 1,300 sq ft on two floors and comprising large lounge, kitchen/diner, bathroom / wc at first floor and three double bedrooms at second floor level.

Let on an Assured Shorthold Tenancy at a rent of £9,000 per annum exclusive.

NB. It is our opinion that this could be significantly increased.

TOTAL RENTAL INCOME - £38,000 per annum exclusive

PRICE

Offers Invited over £525,000 for the freehold interest subject to and with the benefit of the existing leases.

50.7230115, -1.9033167

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.