£240,000

Retail premises for sale

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Freehold

£240,000

(£302.65/sq. ft)

Retail premises for sale

14-16 Castle Street, Christchurch, Dorset BH23

793 sq. ft

Local area information

Property location

Nearby amenities

  • The Priory Church of England Primary School 0.2 miles
  • Twynham School 0.3 miles
  • Christchurch Quay Ferry Landing 0.4 miles
  • Wick Christchurch Ferry Landing 0.4 miles

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

Features and description

  • Freehold
  • Guide Price £240,000 Freehold, subject to contract
  • Available on a new lease at a rental of £18,000 per annum, exclusive
  • Total Net Internal Area 793 Sq. Ft. (73.84 Sq. M.)
  • Situated in attractive market town
  • Benefits from approximately 40% Business Rates Relief (subject to eligibility)
  • Sold off ff Flat with Ground rent income of £100 P.A with 65 years remaining
Description

Ground Floor Class E Freehold Unit Available For Sale or To Let in Attractive Market Town
Location

The historic town of Christchurch is located on the south coast some 6 miles east of Bournemouth and has a magnificent 11th Century Priory at its heart. Christchurch offers excellent shopping facilities with a vibrant mixture of both local and national retailers represented. The town serves an affluent local population and the significant influx of tourists to the region during the summer months offers good potential for extra trade.

The town also features a well renowned culinary scene with numerous quality restaurants and eateries featuring in the town centre. The famous annual Christchurch Food & Wine Festival has been running since 2000.

The subject premises occupy an excellent trading location just off the High Street close to the well-regarded Kings Arms Hotel and also Prezzo. Castle Street features a number of professional services providers together with bespoke retailers.
Description

An attractive Grade II listed property comprising a ground floor double fronted shop unit currently trading as a Café with both front and rear seating areas, suitable for a variety of uses available to purchase (with vacant possession) or to let. The property currently has the benefit of a front external seating area. Trade fixtures and fittings available by separate negotiation.

There are 3 flats which have been sold off by way of long leases. To the rear is a good-sized wall garden which the three residential units are understood to have shared use of.

Accommodation

Ground Floor
Sales Area: 426 sq ft (39.64 sq m)
Seating Area: 110 sq ft (10.26 sq m)
Storage / Prep Area: 189 sq ft (17.59 sq m)
Kitchenette: 18 sq ft (1.69 sq m)
Rear Storage: 50 sq ft (4.66 sq m)
Total Internal Area: 793 sq ft (73.84 sq m)

Rating

Rateable Value £13,750
Source The 2023/2024 small business multiplier is 0.499 (49.9p 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.

Terms

The premises are available either to let or for sale as follows:
For sale

Offers considered in the region of £240,000 subject to contract for the freehold interest with vacant possession on completion.
To let

Available by way of a new effectively full repairing and insuring lease, terms to be negotiated, at a commencing rent of £18,000 per annum, exclusive.

Primmer Olds BAS can offer the use of a standard in-house tenancy document for lettings of up to 6 years at a cost of £500 (Plus VAT) to the incoming tenant.

Planning

Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, café, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.

EPC Text

Asset Rating - B45

All interested parties should be aware of the Code of Leasing Premises 1st Edition, February 2020, for England and Wales, which recommends that they should seek professional advice from property professionals before agreeing or entering into a business tenancy.

Please note all prospective purchasers will need to be verified for 'Anti Money Laundering' purposes prior to issuing memorandum of agreed terms of sale.

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Primmer Olds BAS. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Primmer Olds BAS for full details and further information.

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  2. Commercial for sale
  3. Dorset
  4. Christchurch
  5. Castle Street

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