£650,000

Retail premises for sale

  1. Property photo 1 of 11.
  2. Property photo 2 of 11.
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Just added

£650,000

(£217.37/sq. ft)

Retail premises for sale

Gordon Road, Wimborne BH21

2,300 sq. ft

Local area information

Property location

Nearby amenities

  • St John's Church of England First School, Wimborne 0.4 miles
  • Merley First School 0.7 miles
  • Parkstone (Dorset) 5.2 miles
  • Branksome 5.3 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Wimborne to find out more about the local area.

Features and description

Location


The property occupies a busy local trading location on the main access road (off Leigh Road) to this densely populated housing estate and also serves the Brook Road Industrial Estate. It also benefits from forecourt and on street parking adjacent.
Accommodation and leases


Shop1

Trading as She Clips Hairdressers

Retail area 473 sq ft

Cloakroom/WC and kitchenette

Let on a full repairing and insuring lease to April 2036 at a current rent of £9,616 pax subject to 3 year rent reviews (April 2029) and a tenant only break clause in April 2031.

Shops 2/3

Retail and storage 1,550 sq ft approx.

Office 170 sq ft

Let to Appleby Westwood Group Ltd (Wessex Retail Ltd) as a Spar Convenience Store on a 15-year full repairing and insuring lease from 13th July 2020 at a current rent of £27,389.53 subject to 5 year rpi linked rent reviews.

Flat

A spacious modern flat with gas central heating and UPVC double glazing throughout.

Comprising well fitted kitchen, lounge/diner with access to roof terrace, 3 double bedrooms, bathroom and separate WC.

Currently let on an Assured Shorthold Tenancy at a rent of £950 pcm (£11,400 pax).

We feel that this is much less than the likely achievable rent in the open market.

The tenant will vacate, if required.

Total current income £48,405.53.
Nb


Planning consent was granted in May 2022 for the erection of a new 2 bedroomed first floor flat to the rear of the property and sewage and utility works have been completed to activate.

Plan attached. Application No. 3/21/1574.

Cil payment of £11,483.60 required.
Price


£650,000 for the Freehold. Interest subject to and with the benefit of the existing leases.
Energy performance certificates


Flat – Band D Rating (64)

Shop 1 – Band C Rating (68)

Shop 2/3 – Band C Rating (52)

More information

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  1. Zoopla
  2. Commercial for sale
  3. Dorset
  4. Wimborne
  5. Gordon Road