LOCATION The property is prominently located on Alma Road, one of the main arterial routes linking the Bournemouth suburb of Charminster and Winton. The property is located in a densely populated residential suburb and is also in close proximity to Bournemouth University. The property is located approximately 1.6 miles from Bournemouth town centre.
DESCRIPTION This semi-detached end terrace commercial property is arranged over ground and first floors, with a rear storage area created via a lean-to.
The ground floor is primarily used as an office with kitchenette and WC facilities located to the rear. A rear door leads to the lean-to, providing additional ancillary storage facilities.
The premises may have future development potential (subject to planning) of the upper parts and land to the rear.
Ground Floor: 47.47 Sq M / 511 Sq Ft First Floor: 39.30 Sq M / 423 Sq Ft Outside Lean-To Storage: 70.33 Sq M / 757 Sq Ft
Interested parties are advised to make their own enquiries of the Local Authority for confirmation.
Asset Rating - D80
Rateable Value £7,100 Source www.voa.org.uk The 2022/2023 small business multiplier is 0.499 (4.99p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.
TENANCY DETAILS The premises are let to a private individual trading as DWT Trade Windows by way of a 5 year, full repairing and insuring lease from 19 October 2019 (expiring 18 October 2024)
We are advised that the rent passing is £10,000 per annum, exclusive with no further reviews or breaks. The lease is contracted within the Landlord and Tenant Act 1954.
TERMS A price of £230,000 is sought for the freehold interest.