1-2 Royal Arcade, Bournemouth, Dorset, BH1 4BT

Property Details: • Type: 2,558 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Prime location fronting main pedestrianised entrance to the Royal Arcade • Assignment of leasehold interest • Substantial basement storage space • Three phase electricity supply • Off licence planning granted • Available by way of a lease assignment with a current passing rent of £29,500 plus VAT per annum

Location: • Nearest Station: Pokesdown Station • Distance to Station: 0.7 miles

Agent Information: • Address: Minster Chambers, 43 High Street, Wimborne, BH21 1HR

Full Description: DescriptionLease for Assignment- Retail Unit With Return Frontage to and Basement Space In Prime Royal Arcade Location.This Grade II listed building occupies a prime trading position, opposite KFC and located at the western end of Boscombe's pedestrianised shopping precinct fronting the main pedestrianised entrance to the Royal Arcade.The subject premises can be accessed from both the Arcade and the High Street, it comprises an open ground floor sales space which is currently configured as a post office and benefits from extensive basement storage space.The property benefits from three phase electricity, air conditioning and has been granted planning for off-licence.The Royal Arcade provides a mixture of independent retailers and other major names trading close by include McDonalds, Subway, Primark and the O2 Academy.AccommodationGround Floor Sales Area 1,313 Sq.Ft (121.95 Sq.M)BasementStorage Rooms 1,245 Sq.Ft (115.63 Sq.M)Total Internal Area 2,558 Sq.Ft (237.64 Sq.M)PlanningInterested parties are advised to make their own enquiries of the Local Authority for confirmation. 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 TextAsset Rating - B 39RatingRateable Value £29,000Source The 2024/2025 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.TermsThe premises are held on the residue of an effective full repairing and insuring lease (via service charge) granted for a term of 10 years from 22 August 2018 at a passing rent of £29,500 per annum, excusive expiring on 2028. Please note VAT is payable on the rents.SERVICE CHARGEThe building operates a service charge budget and the current amount payable by the subject premises is £125 per quarter plus VAT.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.