Investment - 17 Church Street, Christchurch, BH23 1BW

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Reference: SGC/6407
Status: Under Offer
Property Type: Investment
Property Term: Freehold
Contract: For Sale
Size: -ft2
Price: £1,000000

LOCATION

The property is situated in a highly sought-after prominent corner position on the approach to Christchurch Priory (20 yards) and The Quay in ‘Old Town’, Christchurch in a Conservation Area with  frontages to both Church Street and Church Lane at the southern end of Christchurch High Street, with its abundance of multiple retailers, bars and cafes and restaurants.


Picturesque Christchurch has a population of 46,000 and forms part of the Bournemouth/Poole/Christchurch conurbation.  During the summer months it benefits from a significant influx of tourists to the area attracted to its history, architecture, walks, boating and beauty .

ACCOMMODATION & LEASES

GROUND FLOOR

Café/Bar/Restaurant – 963 sq ft
Kitchen – 437 sq ft
Store – 252 sq ft
Outside seating areas to both front and rear
Car parking – for 2 cars
(All measurements given are from VOA website)

Let to Reefside Leisure Ltd trading as James & White, (with 2 branches) on a lease dated 20th March 2007 for a term of 25 years at a current rent of £40,000 pax, subject to 4 year rent reviews on a full repairing and insuring basis.

FIRST FLOOR

Flat 1    Comprising Studio, kitchen, shower / WC 
Let on an Assured Shorthold Tenancy at £470 pcm.

Flat 2    Comprising lounge, double bedroom, kitchen, bathroom/WC.
Let on an Assured Shorthold Tenancy at £700 pcm.

Flat 5    Comprising Studio, kitchen, shower/WC
Let on an Assured Shorthold Tenancy at £530 pcm.

Second Floor

Flat 3    Comprising lounge, double bedroom with ensuite shower, kitchen, WC.
Let on an Assured Shorthold Tenancy at £700 pcm.

Flat 4    Comprising lounge, double bedroom, kitchen, shower/WC.
Let on an Assured Shorthold Tenancy at £600 pcm.

*  All flat rents are inclusive of hot water and heating provided by gas boiler.

CURRENT INCOME

Restaurant  £40,000 pax
Flats            £36,000 pax (incl heating / hot water)

TOTAL        £76,000 pax

PRICE 

£1,000,000 (£1 million pounds)

TENURE  
Freehold        

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.