Property for sale
Property description & features
- Tenure: Freehold
- Lock up shop, 2 ground floor flats and large maisonette above
- Maisonette has recently undergone a complete refurbishment
- Current income generated £22,740 p.a.. Potential income of £39,540 p.a. once the maisonette is let.
The property is located in an established secondary trading location on the busy A35 Christchurch Road approximately ½ mile east of the pedestrianised section of Christchurch Road and ¼ miles west of Pokesdown Railway station. The property is located opposite Corpus Christi School and diagonally opposite from the junction with Parkwood Road.
The accommodation comprises a detached property with a ground floor shop unit fronting Christchurch Road, two ground floor flats and a large maisonette above.
The shop is fitted out and trading as a hairdressers and nail salon. The two flats on the ground floor both comprise Lounge /kitchen /diner, bedroom and bathroom. Both flats have outside garden space.
The maisonette, which has recently been renovated, comprises 3 double rooms, kitchen, shower room and separate toilet on the first floor and a 4th room at second floor. There is a large outside decking area at first floor level accessed from the kitchen. To the rear of the property the landlords have formed a communal bin store area.
Planning
Planning consent granted 18th July 2012 for alterations and single storey extension and conversion of part of the ground floor shop to 2 flats with cycle shed.
Application No. 7 - 2012-4991 - D
A copy of the plans and decision notice are available upon request
Legal Fees
Each party will be responsible for their own legal fees.
EPC
Shop - Rating C
Flat A - Rating E
Flat B - Rating D
Flat C - Rating D
Accommodation Text
Shop
Width 19'08" (5.9m)
Depth 25'00" (7.6m) max
Kitchenette and cloakroom
Sales Area 425 sq.ft. (39.4 sq.m.) Approx.
Flat A (maisonette)
Ground floor entrance and stairs to first floor landing
Room 1 (front) 14'00" x 14'07" (4.2m x 4.4m)
Room 2 (mid) 11'00" x 12'00" (3.3m x 3.6m)
Room 3(rear) 11'00" x 12'00" (3.3m x 3.6m)
Kitchen 7'06" x 8'09" (2,2m x 2.6m)
Shower room
Separate WC
Staircase to second floor
Attic room 13'00" x 19'00" (3.9m x 5.8m) max
(restricted height head within the attic room)
Flat B (ground floor)
Lounge kitchen 9'02" x 19'00" (2.8m x 5.8m)
Bedroom 9'04" x 10'00" (2.8m x 3.1m)
Walkin cupboard 5'02" x 4'05" (1.5m x 1.3m)
Bathroom 6'00" x 6'02" (1.8m x 1.8m)
Patio doors out to private garden area
Flat C (ground floor)
Lounge kitchen 9'02" x 19'09" (2.8m x 6.0m)
Bedroom 14'10" x 9'00" (4.5m x 2.7m) max
Shower room 2'07" x 7'04"(0.78m x 2.2m)
Patio doors out to private garden area
Outside
Communal bin and bike store area at the rear of the building
Lock up shop, 2 ground floor flats and large maisonette above
Maisonette has recently undergone a complete refurbishment
Current income generated £22,740 p.a.. Potential income of £39,540 p.a. once the maisonette is let.
Tenure Comments
TENURE
The shop is let on a Tenancy at Will at a rental of £495 pcm
Flat B has been let since 9th October 2016. the current rental is £700 pcm
Flat C has been let since 1st April 2020. the current rental is £700 pcm
Both residential tenants are now on periodic tenancies
We understand that there is a family ready to occupy the maisonette paying a rental of £1,400 pcm. Once a letting is completed this would see a total rental income of £39,540 p.a.
PRICE
Freehold £525,000 subject to and with the benefit of the existing tenancies and income
RESIDENTIAL AND COMMERCIAL INVESTMENT FOR SALE
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