Commercial investments for sale in Boscombe, Bournemouth

Reference: 6380/SGC
Property Type: Investment
Property Term: Available individually or as a whole
Contract: For Sale
Size: 1758+ft2
Price: £570,000

797/797a Christchurch Road and 1a/b/c Parkwood Road, BH7 6AW

Located in a highly prominent corner location at the junction with Parkwood Road on this busy main thoroughfare.

797

Shop           -   557 sq ft

Basement   -   360 sq ft

Let to JV Samuel and SK Skaria on a 21 year FRI lease from 25/6/2006 at a current rent of £7,500 per annum exclusive, subject to 3 year rent reviews.

1a

Shop – 185 sq ft

Let to K McGrath original 2 year lease from 1/7/05.  Tenant holding over.  Rent - £1,300 per annum exclusive.

1b/c

Shop – 333 sq ft

Let to Edgar Dudemel on a 3 year full repairing and insuring lease from 26/6/17 at a rent of £3,000 per annum exclusive.

797a

Arranged as 3 flats sold off on an overriding ground lease of whole to Messrs Eyre and Johnson for a 99 year term from 25/03/87 at a ground rent of £75 per annum exclusive.  Tenant responsible for whole of roof structure.

 

539/539a Christchurch Road, Boscombe, BH1 4AG

Located in a corner location with return frontage and being close to Iceland & McDonalds and a “stones throw” from the pedestrian section of Christchurch Road.

539

Shop – 683 sq ft

Basement store

Let to Li Thi Pan on a 10 year full repairing and insuring lease from 14/11/07 at a current rent of £10,500 per annum exclusive, subject to review at the end of the 5th year.

539a

First floor flat comprising lounge, kitchen, bathroom/WC and double bedroom.

Rent Act protected tenancy from 24/6/1972 to Mr & Mrs Butler.

Current rent £7476 per annum exclusive.

 

798/798a/798b Christchurch Road, Boscombe, Bournemouth, BH7 6DD

Situated in a secondary trading position on this busy main road between the junction with Gloucester Road and Somerset Road.

798

Shop – 217 sq ft

Currently vacant and being marketed at £5,000 per annum exclusive.

798a

Shop – 340 sq ft

Let to Mrs JD McCoy trading as Jays Barbers on a 1 year term from 19/5/13, holding over at a rent of £4,150 per annum exclusive.

798b

3 bedroom maisonette.

Sold off on a 99 year ground lease from 26/8/88 at a rent of £50 per annum exclusive.

EPC’s: being undertaken

 

PRICES / RENTAL INCOME

797/797a Christchurch Road - £190,000

And 1a/b/c Parkwood Road

currently producing £11,875 per annum exclusive

 

539/539a Christchurch Road - £275,000

Currently producing £17,976 per annum exclusive

 

798/798a/798b Christchurch Road - £105,000

Currently producing £4,200 per annum exclusive with a vacant unit, estimated when fully let £9,150 per annum exclusive

50.7288844, -1.8303405

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.