Property for sale
Property description & features
- Tenure: Leasehold
- 99 year head lease of the GF shop
- Underlease to Countrywide Estate Agents (now Connells Group)
- Underlease to Diamond Improvements Limited
The property is located on the busy B3061 Ashley road in Parkstone in an established tertiary shopping parade. Occupiers in the immediate vicinity are mostly local specialist traders.
The property is located about 3 miles west of Bournemouth town centre and 2 miles north of Poole town centre.
The accommodation comprises a double fronted lock up shop / office with ancillary rooms to the rear. There is a sizeable yard for the commercial unit. The tenant has constructed a timber stores within the yard.
Planning
Retrospective planning permission for an extension to the rear of the building to create a single story secure storage facility, constructed in timber and PVC cladding on a hard standing concrete floor and with a felted timber joist roof. Planning consent was granted 20th June 2022 APP/22/00483/F
Legal Fees
Each party will be responsible for their own legal fees.
Accommodation Text
Main Shop
Width 15'00" ( 4.5m)
Depth 34'10" (10.6m
Sales Area 458 sq.ft. (42 sq.m) Approx
Office 11'04" x 12'00" (3.4m x 3.6m)
Stores 5'04" x 5'02" (1.6m x 1.5m)
Cloakroom
Outside
Yard and parking. Now including timber stores
99 year head lease of the GF shop
Underlease to Countrywide Estate Agents (now Connells Group)
Underlease to Diamond Improvements Limited
Tenure Comments
Head lease
99 year lease that commenced on 29th September 1936 and expires on 29th September 2035 at a ground rent of £15 per annum.
The first floor flat has now been sold off on a lease of 189 years from 29th September 1936. Nil ground rent payable.
Underlease of the shop
Countrywide Estate agents, now Connells Group, hold the residual of a 99 year lease that expires 28th September 2035. The lease includes 3 yearly rent reviews. The lease includes a time of the essence rent review provision. The passing rental of £8,000 p.a. There are no break clauses in the lease. The tenant must keep the premises in good and substantial repair and contribute towards a service charge for the maintenance of common services
Further Underlease of the shop
A lease commencing 10th May 2019 and expiring on 9th May 2028 to Diamond Improvements Limited (Company number 06610948) at a rental of £8,000 p.a. The lease is contracted outside the provisions of the Landlord and Tenant Act 1954 Part II. The lease includes a tenant only break clause on 9th May 2025.
PRICE
£40,000 for the head lease subject to and with the benefit of the guaranteed income from the Connells Group underlease and the annual profit rent of £7,985p.a. for the next 11 years
INVESTMENT FOR SALE
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 246FH. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Ellis & Partners - Bournemouth.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.