E L L I S A N D P ARTNERS PROPERTY PARTICULARS

C.6108

FREEHOLD RETAIL INVESTMENT FOR SALE

• Ground floor shop let on 9 year lease expiring 286 Road 20 th November 2022 • Two flats sold off on long leases. 69 year unexpired on both leases. BH8 8AY £90,000 freehold

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 and Wales. Registered Office: 4 Dean Park Crescent, Bournemouth, Dorset BH1 1LY

SITUATION AND DESCRIPTION PLANNING The property is located in an established secondary We understand that the ground floor has a long trading position approximately one mile east of established use as Class A1 retail . Holdenhurst Road has a wide range of occupiers along its length. The All interested parties should make their own enquiries property is located in an area where the majority of the to Bournemouth Borough Council Planning Office occupiers are local specialist retailers although nearby is a Tesco Express and Aldi Supermarket. TENURE The shop is let on a 9 year lease to Julian Mandley The building comprises ground floor shop which is from 21 st November 2013. The lease includes a trading as a barber shop and two flats over that are guarantee from Hilary Mandley. The lease is within sold off on long term leases the provisions of the Landlord & Tenant Act 1954 Part II. The passing rental is £6,000 p.a. and is paid monthly. ACCOMMODATION Ground Floor Shop The user clause is a gents hairdressers. Width :15’05” (4.69m) Depth :27’00” (8.22m) The lease is subject to three yearly rent reviews. Sales Area :416 sq.ft. (38.65 sq.m.) Approx. Rear Stores :9’09” x 12’00” (2.97m x 3.65m) Max. The tenant is responsible to keep the interior of the Cloakroom building in good and substantial repair and condition. Rear Access into service yard There is a photographic schedule annexed to the rent Forecourt for additional displays deposit. The tenant is responsible for 1/3 rd of the reasonable costs for the communal elements of the Residential Accommodation - (uninspected) building and 1/3 rd of the buildings insurance. We have been advised that the first floor flat comprises lounge kitchen diner, separate bedroom and The tenant can assign their interest to a third party. bathroom and the second floor comprises a studio flat with lounge bedroom, separate kitchen and bathroom. The landlord holds a rent deposit of £1,500

RATEABLE VALUE and COUNIL TAX Both the first floor and second floor flats are held by £6,300 (Previously £4,500) way of 99 year leases from 27 th September 1985 at a Both flats are Council Tax Band A ground rent of £40 per annum for the first 33 years rising to £75 per annum for the next 33 years and £75 U.B.R. 2015/2016: Payable; 48.0% (if eligible for per annum for the last 33 years. small rate relief), otherwise 49.3% PRICE Interested parties should enquire of the local Rating £90,000 for the benefit of the freehold subject to and Authority as to the implications of the phasing with the benefit of the lease and income from the shop arra ngements on the amount of rates actually payable. and flat. Parties should also make enquiries concerning the implications of the small business allowance 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