Warning - This property listing has now expired.

Any changes made to the content of this listing WILL NOT BE SAVED. However, you can still change the property status (i.e. available/sold/let etc).

To renew this property or for further assistance please call 01767 313380 or email renewals@novaloca.com.

Shepherd House, 849-851 Christchurch Road, Bournemouth, BH7 6AJ

1,210 Sq Ft / Retail / Retail - High Street

For Sale - £180,000.00

Under Offer - Last updated: 05 April 2024

Description



Shepherd House is located on Christchurch Road within Boscombe, which is a major suburb situated approximately 1.5 miles to the east of Bournemouth Town Centre. The premises occupy an established
secondary trading location within this densely populated area fronting Boscombe's main shopping thoroughfare of Christchurch Road close to Pokesdown Train Station and the newly regenerated Boscombe East.

The building comprises two fully let commercial units at ground floor level and also six residential flats which have been sold off on long leaseholds.

The building was fully redeveloped in 2005 by the current owner, which included a rear extension to create four one-bedroom flats and associated parking provisions for the residential long-leaseholds.

The commercial units benefit from aluminium glazed shop fronts with front retail areas, with rear store, kitchenette and disabled WC



Accommodation



Unit 1 - 545 Sq ft (50.65 Sq M)
Unit 2 - 665 Sq ft (61.80 Sq M)
Total 1210 Sq Ft (112.45 Sq M)




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, caf�, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.



Rating



Rateable Value - Unit 1 £5,500, Unit 2 £7,000
Source www.voa.org.uk The 2023/2024 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.



EPC Text



Asset Rating - Unit 1 - C (63), Unit 2 - C (70)



Commercial -
Unit 1 is let by way of an effectively full repairing and insuring lease to a private individual at a rental of £6,250 per annum, exclusive commencing 11th May 2022 for a term of 7 years with a break clause and rent review on 10th May 2024. The lease is guaranteed by SOPRO Group Limited and the occupier currently trading as Euphoria Thai Massage.
Unit 2 is let by way of an effectively full repairing and insuring lease to a private individual trading as Edenwood at a rental of £7,300 per annum, exclusive commencing 25th December 2021 for a term of 3 years. The occupier currently specialises in the retail of French soaps and essences.

Residential -
The building comprises six residential flats which have been sold on 125 year long leaseholds from 2021, there are two 2 bedroom flats and four 1 bedroom flats.
Each flat pays an annual ground rent of £180 per annum, generating a yearly income of £1080. Long leaseholds are available on request for inspection.

Total Annual Rent Receivable -
£14,630 per annum, exclusive



Terms



Offers invited in the region of £180,000, subject to contract for the freehold interest subject to subsisting tenancies



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.
( Agency Pilot Software ref: 10090 )

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £180,000.00 NA

Email me updates about similar new properties


Show similar properties

Contact agents

Ben Simpkin

Primmer Olds B.A.S

01202 927334



Thank you for your enquiry

The agent for this property will get back to you as soon as possible.

Would you like to view similar properties now?

Many thanks, your enquiry has been sent to the agent

In response to the boxes you ticked, we'd like to send you emails about new & updated properties based on the following (please amend as required):


Please note, NovaLoca will only contact you about commercial property & you can unsubscribe at any time. Your information will not be given to third parties without your permission. For more information please refer to our privacy policy.