1101 and 1103 Christchurch Road Boscombe East Bournemouth Dorset 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
Available
Guide*
£400,000 - £425,000
Sector
High Street Retail/Residential
Auction Venue
Live Streamed Auction
On Behalf of Executars

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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 Available
Guide* £400,000 - £425,000
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

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

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.