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Listing ID: 687957

Freehold Investment For Sale

High Street, Poole, Dorset, England

£ 325,000

Revenue: not disclosed

Cash Flow: not disclosed

Business Description

SITUATION AND DESCRIPTION

The property is in the heart of Old Poole Town close to the Quay and benefits from both a strong tourist trade and expanding residential population with numerous flat developments either recently completed or nearing completion.

The building, which dates back an estimated 250/300 years or so, is Grade II Listed with the residential part retaining many fine period features.

ACCOMMODATION

Shop 1
28 High Street
Lock-Up Unit 355 sq.ft./32.97 sq.m approx.

Shop 2
28a High Street
Lock-Up Unit 355 sq.ft./32.97 sq.m approx.

Flat
Maisonette, “Nutmegs”, Cinnamon Lane
Approached by External Stair at the rear of the property off Cinnamon Lane

First Floor:

Hall
Kitchen
Lounge/Dining Room
2 Bedrooms
Shower Room/WC
Stairs to:
Half Landing – Bathroom/WC
Attic Room – Bedroom/Studio

TENANCIES

Shop 1
28 High Street
This unit is let to Nicola Wells and Kay-lee Thomas, trading as Bella Rose Beauty for three years from 30th July 2013 at a rental of £8,000 per annum which is paid quarterly in advance.
The tenant is using the premises as a Beautician.

A rent deposit of £2,000.00 has been paid by the tenant and is being held by Ellis and Partners.

Shop 2
28a High Street

This unit is let to Mark Tannahill trading as World of Craft for three years from the 24th June 2012 at a rent of £7,500 per annum which is paid quarterly in advance. The tenant is using the property for the sale of gifts.

A rent deposit of £1,750.00 has been paid by the tenant and is being held by Ellis and Partners.

Flat
Maisonette
The current tenant took occupation of the flat 3rd October 2011 on an Assured Shorthold Tenancy and has remained in occupation ever since. The current periodic tenancy is due to be renewed shortly. The current passing rent is £640 per calendar month (£7,680 per annum)

A rent deposit of £937.50 has been paid by the tenant and is being held by Ellis and Partners.

Total Rent Roll - £23,180

PRICE

Offers invited in the region of £325,000 subject to contract.

VIEWING AND FURTHER DETAILS

By arrangement with Ellis and Partners through whom all negotiations are to be conducted.

Tel: 01202 551821
Website: www.ellis-partners.co.uk

Property Details

Property Type:

Real

Other Details

Business Location:

28, High Street, Poole, Dorset, BH15 1PB

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