Description
The property comprise a long-leasehold commercial investment with a long standing tenant currently holding over but looking to secure new terms follwing recent investnent in upgarding the unit.
The site is available to purchase by way of lease granted for a term of 99 years from 25 March 1979 (around 52 years unexpired).
Rent reviews are on a 5 yearly basis with the next rent review due 25 March 2029.
Occupational Rent £29,400 pa.
Head Rent £ 9,900 pa.
Profit Rent £18,900 pa
PROPERTY
The property is a detached industrial building with a mixture of brick and profile metal sheet elevations and pitched asbestos roofs incorporating translucent light panels.
The front section incorporates single storey office with toilet facilities. The main workshop area is situated to the rear and is accessed by a sliding loading door. The rear of the property is a second workshop which is an extension to the original property and has its own loading door.
Eaves height ranges from 3.2m to 4.6m.
There are around 17 car parking spaces and good-sized yard to the side.
PRICE
£200,000 exclusive of VAT.
LOCATION
The property is located on the popular Airfield Road industrial estate, Christchurch. Bournemouth Town Centre is approximately 3 miles to the west with Christchurch 2 miles to the east.
PLANNING
We understand that the commercial unit has planning consent for Class E commercial.
In accordance with our usual practice, however, all interested parties are encouraged to contact BCP Council, planning department ), with respect to the authorised use of the property and their proposed use.
EPC
E – 122
BUSINESS RATES
Rateable value is currently £30,250.
Interested parties are advised to obtain confirmation of the rateable value and rates payable from the local authority.
