Description
For Sale - Freehold Opportunity in Busy Location The Property is situated just off the pedestrianised section of Christchurch Road. It is in the vicinity of multiple retailers including McDonalds, Primark, CEX, Boots the Chemist, Greggs and Esquires Coffee. The O2 Academy is in close Proximity. The ground floor commercial unit benefits from a double frontage, LED suspended ceiling, large rear store area and rear access. It is currently trading as 'Cash Converters'. The upper parts are split into two, large 3-bedroom flats both identical shape and size, accessed from the rear of the property. Flat 2B has been recently renovated. All tenants have expressed a strong desire to remain in their associated tenancies. TENANCY DETAILS Ground Floor Shop Let by way of a 10 year effective full repairing and insuring lease commencing 1st December 2025 to Dorset Vaults Limited (T/A Cash Converters) at a rental of £17,250 per annum plus VAT. There is a break clause and rent review on the 5th anniversary of the term. Flat 1A (544A) Let by way of a statutory periodic tenancy dated 19 January 2025 at a rental of £12,600 per annum (£1,050 PCM) to a private individual. The tenant has lived at the property for 7 Years. Flat 2B (544B) Let by way of a an assured shorthold tenancy for a period of 12 months from 12 May 2025 at a rental of £12,600 per annum (£1,050 PCM) to a private individual. The tenant has lived at the property for approximately 3 years.
Accommodation
Ground Floor Shop 1,345 Sq. Ft. (125 Sq. M.) Flat 1A (544a) 3 Bedroom Flat 732 Sq. Ft. (68 Sq. M.) Flat 2B (544b) 3 Bedroom Flat 732 Sq. Ft. (68 Sq. M.) Total Net Internal Area 2,809 Sq. Ft. (261 Sq. Ft.)
Planning
Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, cafe, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.
EPC Text
Asset Rating Commercial Unit - B (43) Flat 1A - C (80) Flat 2B - C (73)
Rating
Rateable Value - Commercial Unit £16,250 Council Tax - Flat 1A & 2B - Band B Source www.gov.uk/find-business-rates
Terms
Offers Invited in the region of £525,000 for the freehold interest in the property. It is understood VAT is applicable to this transaction.
Anti Money Laundering
Please note all prospective purchasers will need to be verified for 'Anti Money Laundering' purposes prior to issuing memorandum of agreed terms of sale.