£985,000

Retail premises for sale

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Business
Freehold

£985,000

(£4,020.41/sq. ft)

Retail premises for sale

59/61 High Street, Christchurch, Dorset BH23

245 sq. ft

Available immediately

Local area information

Property location

Nearby amenities

  • The Priory Church of England Primary School 0.1 miles
  • Twynham School 0.2 miles
  • Christchurch Quay Ferry Landing 0.3 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

  • Unfurnished
  • Freehold
  • Fully let and comprising 2 shops, an office, a flat and workshop / studio
  • Planning consent to convert the office into a residential unit and planning consent for a detached house at the rear of the property
Situation and Description

Christchurch is a busy market town approximately 6 miles east of Bournemouth Town Centre. The prime shopping area of the town centre, particularly the High Street, has very few empty shops and continues to cater for the surrounding affluent residential neighbourhoods of the town. Christchurch also benefits from a large influx of tourists during the summer months.

The subject property is a Grade II Listed building within the town centre conservation area. The property comprises two ground floor shops and a workshop/studio located to the rear of No. 61, a first floor office and first floor living accommodation.

In 2021 the landlord split No. 61 to form a lock up shop fronting the High Street and a workshop / studio to the rear. Accessed from Regent Way Between the two shops is a staircase that leads to a flat over No. 59 and an office over No. 61.

The landlords have recently obtained planning consent to add a detached two bedroom dwelling at the rear of No. 59. Planning consent for a certificate of lawfulness has been granted for the use of the flat above No. 59. Planning consent has also been granted for conversion of the first floor office and extending into the attic space above No. 61 to form a 2 bedroom flat.

Planning

59a High Street Christchurch
Certificate of Lawfulness for residential use of the first floor was granted 23rd January 2023
Application reference no: 8/22/0872/cle

61a High Street Christchurch
Planning consent for conversion of the first floor office into a 2 bedroom maisonette was granted 12th June 2023 Application reference no: 8/21/0119/ful

Rear of 59 High Street Christchurch
Planning consent granted for the Construction of dwelling to rear of existing building. Formation of external area, bin and bike storage for the proposed, retention of commercial loading point granted 19th July 2022. Application reference no: 8/21/0567/ful
Copies of planning documents and plans are available upon request

Legal Fees

Each party will be responsible for their own legal fees.

EPC

59a High Street - Band D
59 high street - Band B
61 High street - Band B
61a High street - Band D
1 Regent Way - Band C

Costs

Once a letting has been agreed, the proposed tenant will need to make a non-refundable applicant charge of £550 plus VAT.

Accommodation Text

59 High Street
Width 13'00" (3.96m) widening to 15'00"(4.57m)
Depth 64'00" (19.50m)
Sales Area 876 sq.ft. (81.38 sq.m.) Approx
Office 8'02" x 9'09" (2.48m x 2.97m)
Kitchenette 4'09" x 4'07" (1.44m x 1.39m)
Cloakroom

59a High Street
Bedroom 1 (currently used as a Lounge)
12'04" x 16'02" (3.7m x 4.9m) max
Bedroom 2 10'09" x 13'00" (3.3m x 3.9m)
Lounge Kitchen Diner
15'02" x 16'02" (4.6m x 4.9m)
Bathroom 8'02" x 6'06" (2.5m x 1.9m)

61 High Street
Shop Width 12'00" (3.65m)
Depth 21'00" (6.40m)
Sales Area 245 sq.ft. (22.7sq.m.)
Elevated sales area and cloakroom

61a High Street
Office 1 (front) 17'04" x 15'05" (5.28m x 4.69m)
Office 2 (rear) 14'02" x 25'00" (4.31m x 7.61m) max.
Kitchenette and Cloakroom
Net Internal Area 535 sq.ft (49.70 sq.m.) approx.
Sun deck 18'06" x 12'05" (5.63m x 3.78m)

1 Regent Way
Total floor area 330 sq.ft. (31 sq.m.) Approx
Cloakrooom

Fully let and comprising 2 shops, an office, a flat and workshop / studio

Planning consent to convert the office into a residential unit and planning consent for a detached house at the rear of the property

Tenure Comments

59 High Street is let on a 10 year lease within the Landlord and Tenant Act 1954 Part II from 7th October 2023 to Registered Charity Pramacare. Company No 02359751 Charity Number 801 967
Commencing rental of £25,000 p.a. Which is paid monthly. Tenant only break clauses on 6th October 2025,6th October 2028 and 6th October 2031. 6th October 2027 rent review.

The charity Commission confirm Pramacare turnover of £3,797,320

59A High Street is let on an Assured Shorthold Tenancy at a rental of £900 pcm

61 High Street 5 year lease within the provisions of the Landlord and Tenant Act 1954 Part II from 26th March 2021 at a rental of £14,000 p.a. Rent is paid on 1st day of each month. Tenant is Champion Barbers Christchurch Limited. 1st April 2024 tenant only break clause. 3 month rent deposit.

61a High Street. 5 year lease contracted outside the Landlord & Tenant Act 1954 Part II from 8th June 2021 at a rental of £8,500 p.a. To October Associates Limited and Indigodog Publishing Limited Rent is paid monthly. Tenanmt Tenant only break clauses on 8th June 2024 and 8th June 2025. The lease includes the right to park 2 back to back parking spaces. 3 month rent deposit

1 Regent Way 3 year lease outside the Landlord and Tenant Act 1954 Part II from 1st August 2021 at a rental of £7,000 p.a. To Alison Ramsey. The rent is inclusive of service charge but exclusive of rates and electricity. The lease included tenant break clauses at the end of the first and second years. 3 month rent deposit
Parking
Alison Ramsey has a parking licence for 3 years at a rental of £300 pa.
October Associates Limited and Indigodog Publishing Limited have two parking spaces on parking licences at a peppercorn rental
59a High Street has one parking space
Pramacare have loading and unloading rights within their lease
Total Income £65,600 p.a.
Price

£985,000 freehold subject to and with the benefit of the existing tenants and income and planning consents in place

multi let investment for sale

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