1101 and 1103 Christchurch Road Boscombe East Bournemouth Dorset BH7 6BQ

  • 1101 and 1103 Christchurch Road<br>Boscombe East<br>Bournemouth<br>Dorset<br>BH7 6BQ

1101 and 1103 Christchurch Road
Boscombe East
Bournemouth
Dorset
BH7 6BQ

Freehold Retail and Residential Asset Management Opportunity

  • Comprises 2 Retail Units and 2 x 3 Bedroom Flats
  • Popular Bournemouth Suburb
  • Nearby occupiers include Tesco, Sainsbury's Convenience Store and an Eclectic Mix of Local Retailers
  • VAT-Free Investment
  • Lot
    24
  • Auction
    9th May 2024
  • Rent
    £17,780 per Annum Exclusive
    with Vacant Possession of 1 x Retail Unit and 1 x Flat
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail/Residential
  • Auction Venue
    Live Streamed Auction
  • On Behalf of Executars
Important Update
  • Expand
  • Photos
  • Map

Freehold Retail and Residential Asset Management Opportunity

  • Comprises 2 Retail Units and 2 x 3 Bedroom Flats
  • Popular Bournemouth Suburb
  • Nearby occupiers include Tesco, Sainsbury's Convenience Store and an Eclectic Mix of Local Retailers
  • VAT-Free Investment
  • Lot 24
  • Auction 9th May 2024
  • Rent £17,780 per Annum Exclusive with Vacant Possession of 1 x Retail Unit and 1 x Flat
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail/Residential
  • Auction Venue
    Live Streamed Auction
  • On Behalf of Executars

Property Information

Location
Miles
2 miles east of Bournemouth, 26 miles south-west of Southampton
Roads
A35, A3049, A338
Rail
Pokesdown Railway Station, Bournemouth Railway Station
Air
Bournemouth Airport
Situation

Boscombe East is a popular east suburb of Bournemouth. The property is situated on the southern side of Christchurch Road close to its junction with Holdenhurst Avenue. The immediate locality is a mix of residential and commercial property with nearby occupiers including Tesco, Sainsbury's Convenience Store and an eclectic mix of retailers.

Tenure

Freehold.

Location
Miles
2 miles east of Bournemouth, 26 miles south-west of Southampton
Roads
A35, A3049, A338
Rail
Pokesdown Railway Station, Bournemouth Railway Station
Air
Bournemouth Airport
Situation

Boscombe East is a popular east suburb of Bournemouth. The property is situated on the southern side of Christchurch Road close to its junction with Holdenhurst Avenue. The immediate locality is a mix of residential and commercial property with nearby occupiers including Tesco, Sainsbury's Convenience Store and an eclectic mix of retailers.

Tenure

Freehold.

Description

The property comprises two ground floor shops with two self-contained three bed residential flats on the first and second floors. The flats benefit from a separate entrance at the front of the property and an escape staircase at the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises two ground floor shops with two self-contained three bed residential flats on the first and second floors. The flats benefit from a separate entrance at the front of the property and an escape staircase at the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Address Floor Use Floor Areas
Approx sq m (1)
Floor Areas
Approx sq ft (1)
Tenant Term Rent p.a.x. Reversion
1101 Christchurch Road Ground Retail
57.30
(617)
AN INDIVIDUAL (t/a Glow Up) 5 years from 01/03/2024 (2)
£7,500
29/02/2029
1103 Christchurch Road Ground Retail
27.00
(291)
VACANT POSSESSION -
-
-
1101a Christchurch Road First Residential
NOT MEASURED
(-)
AN INDIVIDUAL (3) Periodic Tenancy
£10,080
-
1101b Christchurch Road Second Residential
NOT MEASURED
(-)
VACANT POSSESSION -
-
-
Rear of 1101/1103 Christchurch Road Ground Parcel of Land
-
(-)
HUTCHINGS BROS. (SEA FOOD AND GAME) LIMITED (CRN: 01160850) Tenancy at Will
£200
-
Total Approximate Commercial Floor Area    
84.30
(908)
   
£17,780
 

(1) The floor areas stated above have been taken from the Valuation Office Agency (https://www.gov.uk/find-business-rates)
(2) The lease provides for a tenants option to determine the lease on 08/02/2027.
(3) The tenant has been in occupation since 23/12/2016 and is currently on a month by month periodic tenancy of £840 per calendar month, therefore the rent in the tenancy and accommodation schedule has been annualised.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    29.05.24
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Associate Auctioneers
Hempton Franks Hayes Barn, Grove Road
Lymington
SO41 3RN
John Hempton +44 (0)7836 324 729jjh@hemptonfranks.co.uk
Seller's Solicitors
Ellis Jones Solicitors Brooke House, Oakley Hill
Wimborne
Dorset
BH21 1RJ
John Bulpit 01202 057 040john.bulpit@ellisjones.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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