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Freehold Shop and Flat Investment for Sale

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Freehold Shop and Flat Investment for Sale E L L I S A N D P ARTNERS PROPERTY PARTICULARS C.5949 FREEHOLD SHOP AND FLAT INVESTMENT FOR SALE 9 and 9a East Howe Lane • Shop currently trading as beauticians on a 5 year lease from September 2015 Kinson Bournemouth • Rental from Shop £7,500 p.a. Dorset BH10 5HX • Rental from Flat £650 pcm. The Agents for themselves and for the Vendor of this property, whose agents they are, give notice that: (1) These particulars do not constitute, nor constitute any part of , an offer or a contract. (2) All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or Vendor. (3) None of the statements contained in these particulars as to this property are to be relied on as statements or representatives of fact. (4) Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. (5) The Vendor does not make or give and neither the Agents nor any person in their employ has any authority to make or give, any representation or warranty whatsoever in relation to this property. OLD LIBRARY HOUSE • 4 DEAN PARK CRESCENT • BOURNEMOUTH BH1 1LY TELEPHONE: 01202 551 821 • FAX: 01202 557 310 • DX 7614 BOURNEMOUTH www.ellis-partners.co.uk ALSO AT BRIGHTON Ellis and Partners Ltd No. 04669426, Ellis and Partners (Bournemouth) Ltd No. 6522485, Ellis and Partners (Brighton) Ltd No. 6522566 Registered in England and Wales. Registered Office: 4 Dean Park Crescent, Bournemouth, Dorset BH1 1LY SITUATION AND DESCRIPTION RATEABLE VALUE – £3,850 East Howe Lane is located just off Kinson Road about Council Tax Band A ½ mile from the main shopping area of Kinson on U.B.R. 2015/2016: Payable; 48.0% (if eligible for Wimborne Road . small rate relief), otherwise 49.3% With effect from 1 st October 2010 to 31 st March 2016 The property is situated in the middle of a long premises with rateable values below £6,000 will established retail parade catering for the residential received 100% small business rate relief (no rates occupiers in the high density housing that surrounds paid). the parade. Other occupiers in the parade include a Launderette, Fish and Chip Takeaway, Chinese Interested parties should enquire of the local Rating Takeaway and Off Licence . Authority as to the implications of the phasing arrangements on the amount of rates actually payable. The former Methodist Church at the junction of East Parties should also make enquiries concerning the Howe Lane and Kinson Road has now been implications of the small business allowance demolished and a new Co-op convenience store is being built. The entrance to the supermarket car park PLANNING is immediately in front of the subject property. Planning consent for a mixed café / takeaway (Class A3/A5) use was granted 9th May 2013.Ref. No. 7- The subject premises comprise a ground floor lock up 2013-2142-P. Trading hours are 7.00am to11pm. shop with substantial ancillary stores and a large forecourt for either parking or additional displays The property is currently trading as a beauty salon together with a self contained two bedroom flat above. At the rear of the building is further off road parking . TENURE The shop is let on a 5 year lease from 15 th September ACCOMMODATION 2015 at a rental of £7,500 p.a. The rent is paid Shop Premises monthly in advance. The tenant has a break clause in Shop Width : 17’00” ( 5.18m) the lease on 7 th September 2018 which can be Shop Depth : 24’00” ( 7.31m) activated on not less than 3 months prior notice. Sales Area : 400 sq.ft. (37.16 sq.m.) approx. The tenant has paid a 3 month rent deposit Ancillary : 11’09” x 10’00” (3.58m x 3.04m) Ancillary : 11’09” x 20’04” (3.58m x 6.19m ) The residential tenant has been in occupation for 3 years. The current Assured Shorthold Tenancy The shop is fitted out and operating as a beauty salon commenced on 1 st December 2015. Rent paid £650 pcm Living Accommodation (uninspected) Comprising two double bedrooms, lounge, kitchen, PRICE bathroom £235,000 freehold subject to and with the benefit of Central Heating and double glazed. the income from both the shop and residential tenancies VIEWING AND FURTHER DETAILS By arrangement with Ellis and Partners through whom all negotiations are to be conducted. Tel: 01202 551821 Website: www.ellis-partners.co.uk These particulars are issued on a strictly Private & Confidential basis and on condition that the information given is for private use of the recipient and any professional adviser consulted by the recipient and, further, that any information contained within these Particulars is not divulged to third parties. To comply with the Property Misdescriptions Act of 1991 these Particulars are intended only as a guide and must not be relied upon as statement of fact, your attention is drawn to the following important notice. IMPORTANT NOTICE 1. In compliance with the Property Misdescriptions Act 1991 these particulars are prepared for the guidance only of prospective purchasers, they are intended to give a fair overall description of the property or premises concerned but are not intended to constitute part of an offer or a contract. 2. Any information contained herein (whether in the text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact. 3. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise or that any services or facilities are in good working order. 4. Any photographs appearing in this brochure may not show all the property and show only certain aspects of the property at the time when the photographs were taken. Certain aspects of the property may have changed since these photographs were taken, it should not be assumed that the property remains precisely as depicted in these photographs. Furthermore, no assumption should be made in respect of parts of the property, which are not shown in the photographs. 5. Any measurements, areas or distances referred to herein are approximate only. 6. Where there is reference in these particulars to the fact that alterations have been carried out or that a particular use is made of a part of the property, this is not intended to be a statement that any necessary planning, building regulation or other consents have been obtained. Any intending purchaser must verify these matters. 7. Any statements regarding Leasehold Interests have been prepared with due diligence but we will not necessarily have had sight of original legal documentation. It will be the responsibility of the intended lessee or purchaser to confirm that these details are correct with the vendors or landlord’s legal representatives. 8. Descriptions of the property are inevitably subjective and the descriptions contained herein are used in good faith as an opinion and not by way of a statement of fact. You should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends that you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The code is available via the website www.commercialleasecodeew.co.uk .
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