Lease for Assignment - Characterful 1,645 sq ft (152.86 sq m) Premises over Five Floors in Old Christchurch Road Pedestrianised Location
Bournemouth is Dorset's principal commercial centre and one of the UK's premier seaside resorts. It has a residential population in excess of 160,000 persons and a primary shopping catchment of 396,000 persons within a six-mile radius (FOCUS).
The town is a renowned tourist destination and also benefits from a substantial and growing student population with around 20,000 students attending Bournemouth University and Arts University Bournemouth
These characterful premises occupy an excellent trading location within the pedestrianised lower section of Old Christchurch Road which is one of Bournemouth's principal shopping streets
Major names trading closeby include CAFFE NERO, SUPERDRY, FAT FACE, ERNEST JONES, TK MAXX, WATERSTONES and ESQUIRES
This characterful property, which was refurbished in 2020, is arranged over basement, ground and three upper floors.
The current tenants trade at ground and first floor levels although historically the basement provided additional sales space. The top two floors could potentially provide self-contained living accommodation subject to the ingoing tenant securing any necessary consents and undertaking and related practical works. Access would need to either be through the shop or alternatively via the rear fire escape.
The premises are generally well presented and feature a striking spiral staircase which links the potential trading floors at ground floor, first floor and basement levels.
Single Fronted Shop
Ground Floor: 400 sq ft (37.17 sq m)
Basement
Basement Sales: 320 sq ft (29.73 sq m)
Male and Female WCs
First Floor
Sales: 400 sq ft (37.17 sq m)
Second Floor
Room 1 Ancillary (front): 178 sq ft (16.54 sq m)
Kitchen: 43 sq ft (4 sq m)
WC
Third Floor
Room 2 Ancillary (front): 187 sq ft (17.38 sq m)
Room 3 Ancillary (rear): 117 sq ft (10.87 sq m)
Inc. shower cubicle and airing cupboard
Total Internal Area: 1,645 sq ft (152.86 sq m)
Rateable Value £17,500
Source www.voa.org.uk The 2024/2025 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.
The premises are available by way of an assignment of the current lease granted for a term of 10 years from 07 August 2020. The current rent passing is £25,000 per annum, exclusive and the lease provides for a rent review on the fifth anniversary of the term.
Alternatively, the landlords have indicated tat they will give consideration to the granting of a new lease on terms to be agreed at a commencing rent of £25,000 per annum, exclusive
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.
Asset Rating - C65
All interested parties should be aware of the Code of Leasing Premises 1st Edition, February 2020, for England and Wales, which recommends that they should seek professional advice from property professionals before agreeing or entering into a business tenancy.
( Agency Pilot Software ref: 9989 )