Commercial Investment - 308 Ashley Rd & 1c/1d Carlton Grove, Poole

Reference: 6382/SGC
Status: SOLD
Property Type: Investment
Property Term: For Sale
Contract: For Sale
Size: 1418ft2
Price: £450,000

LOCATION

The property is located in the heart of this long established Poole suburb close to the Co-Op Supermarket, Savers, Lloyds Bank, Santander and opposite the Post Office.

Ashley Road is the main arterial road and bus route linking Bournemouth and Poole Town centre and Parkstone is a densely populated residential area.

ACCOMMODATION

Restaurant/Takeway 

1,418 sq ft incorporating seating area, kitchen, cloakrooms

Flat 1 - 1c Carlton Grove)

Accessed off Carlton Grove

Comprising lounge, kitchen, 2 bedrooms, bathroom/WC.

Flat 2- 1d Carlton Grove

Accessed off Carlton Grove.

Comprising lounge, kitchen, 2 bedrooms, bathroom/WC.

Lease/Tenancies

308 Ashley Road – Shop

Let to 7 Flavours Ltd trading as Roosters Piri Piri with a guarantee from R & V Partners Ltd on a 15 year full repairing and insuring lease from 19 July 2017 at a current rent of £18,000 pax, subject to 5 year rent reviews and a tenant only break clause at the end of the 5th year.

1c Carlton Grove

Let on an Assured Shorthold Tenancy at a rent of £9,540 pa) (£795 pcm).

1d Carlton Grove

Let on an Assured Shorthold Tenancy at a rent of £9,600 pa (£800 pcm)

TOTAL NET INCOME - £37,140 pax

PRICE – Offers Invited over - £450,000

BUSINESS RATES (source: www.voa.gov.uk)

Shop Rateable Value:  £21,500 (1 April 2017)

1c Carlton Grove Band A

1d Carlton Grove Band A

 

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.