Freehold Retail and Residential Investment
Freehold Retail and Residential Investment
Charminster is a popular residential suburb located to the north-east of Bournemouth town centre. The property is situated in a prominent corner position on the west side of Charminster Road, at its junction with Kings Road. Charminster Road is a busy retail location with nearby occupiers including Tesco, Enterprise Rent-A-Car, Texaco and Swinton Insurance.
Freehold.
Charminster is a popular residential suburb located to the north-east of Bournemouth town centre. The property is situated in a prominent corner position on the west side of Charminster Road, at its junction with Kings Road. Charminster Road is a busy retail location with nearby occupiers including Tesco, Enterprise Rent-A-Car, Texaco and Swinton Insurance.
Freehold.
The property comprises a ground floor retail unit with basement ancillary accommodation. The rear of the ground floor also comprises a self-contained 3 room flat. The first and second floors comprise 2 self-contained maisonettes, one of which has 4 rooms and the other 5 rooms.
The residential units are accessed from the rear of the property.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit with basement ancillary accommodation. The rear of the ground floor also comprises a self-contained 3 room flat. The first and second floors comprise 2 self-contained maisonettes, one of which has 4 rooms and the other 5 rooms.
The residential units are accessed from the rear of the property.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Unit | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|---|
| 159 Charminster Road |
Basement Ground |
Ancillary Retail |
85.01 sq m 67.25 sq m |
(915 sq ft) (724 sq ft) |
DONE BROTHERS (CASH BETTING) LIMITED t/a Betfred (1) | 15 years from 21/01/2005 until 2020 on a full repairing and insuring lease | £13,000 | 21/01/2015 |
| Flat 1, 67 Kings Road |
Ground | 3 Room Residential Flat |
60 sq m | (646 sq ft) | INDIVIDUAL | Assured Shorthold Tenancy from 19/07/2013 to 18/01/2014 | £6,000 (2) | |
| Flat 2, 67 Kings Road |
First/Second | 4 Room Residential Maisonette |
150 sq m | (1,614 sq ft) | VACANT POSSESSION | |||
| Flat 3, 67 Kings Road |
First/Second | 5 Room Residential Maisonette |
123 sq m | (1,324 sq ft) | INDIVIDUALS | Assured Shorthold Tenancy from 10/01/2013 to 09/07/2013 |
£8,340 (3) | |
| Totals | £27,340 (subject to notes 2 & 3) | |||||||
(1) For the year ending 25/03/2012, Done Brothers (Cash Betting) Limited reported a turnover of £4,579,240,000, pre-tax profits of £16,374,000 and a total net worth of £64,773,000. (Source: www.riskdisk.com 16/09/2013)
(2) The rent has been annualised, the rent per calendar month is £500.
(3) The rent has been annualised, the rent per calendar month is £695.
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