RETAIL INVESTMENT FOR SALE IN BOURNEMOUTH

FOR SALE

ADDRESS

243a Holdenhurst Road, Bournemouth, Dorset, BH8 8DA

SIZE

295 Sq Ft (27 M²)

LOCATION

The property is located in a prominent location approximately one mile east of Bournemouth Town Centre. The majority of occupiers on the road are independent, specialist retailers with Tesco and Aldi also in close proximity.

DESCRIPTION

The property comprises a lock up shop of approximately 295 SqFt and includes laminate flooring throughout, fluorescent lighting and retail counter.

TENURE

The property is let by means of a new, 5 year lease commencing 17th March 2016 and makes provision for a tenant break option at the expiry of the third year of the term.

The commencing rent is £4,800 per annum exclusive and is subject to review in the third and 5th year of the term.

The vendor proposes selling the property by means of a new 999 year lease at a peppercorn rent.

PRICE

£64,950. We understand from the vendor that VAT is not payable on this transaction.

RATES

We are verbally informed that the property has a rateable value of £4,750 The Small Business Rate multiplier is 47.1p in the £

(Year ending 31st March 2015)

Interested parties are advised to obtain confirmation of the rateable value and rates payable from the Local Authority.

For more information visit:

https://www.gov.uk/introduction-to-business-rates

ENERGY PERFORMANCE CERTIFICATE

Ordered and awaited.

VIEWING

Arrangements to view through the agents J.M.Watts (01202 461586)

FINANCE ACT 1989

Unless otherwise stated, all prices and rents are exclusive of Value Added Tax. Purchasers or Lessees must satisfy themselves as to the incidence of VAT in respect of any transaction.

IMPORTANT NOTE

At no time has a structural survey been undertaken and appliances have not been tested. Interested parties must satisfy themselves as necessary as to the integrity of the premises and condition therein.