Lot 13 Click here for addendum
Commercial Investment
6 Week Completion
Situation
Located close to the junction with Pinewood Avenue within this established local parade serving the surrounding residential population approx. 4 miles north of Bournemouth town centre.
Bournemouth is a popular seaside resort on the south coast, approximately 30 miles south-west of Southampton.
Property
Forming part of a terraced parade comprising a Ground Floor Triple Shop. The property includes a front forecourt for parking up to 3 cars. In addition, there is rear access to the property from Pinewood Avenue.
Accommodation
Ground Floor Triple Shop
Gross Frontage 55'11"
Internal Width 53'5"
Shop Depth 15'6"
Built Depth 46'2" (max)
Area incl. Open Plan Nail Bar,
3 Treatment Rooms, Salon
& Staff/Ancillary Approx 1,665 sq ft
WC
VAT is NOT applicable to this Lot
Tenure
Leasehold for a term of 999 years from 22nd June 2011 at a fixed ground rent of £100 p.a.
Tenancy
The property is let on a full repairing and insuring lease (subject to a schedule of condition) to E. Dilworth t/a Butterfly Nails and Beauty for a term of 10 years from 10th July 2019 at a current rent of £12,000 per annum exclusive.
Rent Review and Tenants Break 2024