Lower Blandford Road, Poole, Dorset, BH18

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features: • Mixed Use Investment in Popular Location • Lease To Papa Johns for Commercial • Modern Flats in Uppers • Current Income of Circa £45k

Location: • Nearest Station: Hamworthy Station • Distance to Station: 2.7 miles

Agent Information: • Address: The Yard, Loch Road, Poole, Dorset, BH14 9EX

Full Description: DESCRIPTION

The mid-terrace property is formed of brickwork elevations beneath a slate roof and comprises ground floor commercial, with 1 No. 2 bed flat, 1 No. 1 bed flat and managers office/accommodation.

Having been completely refurbished in 2018 the property is presented in excellent condition throughout.

The ground floor is occupied by Papa Johns (GB) Ltd by way of 15 year lease from October 2016 at a passing rent of £17,850 per annum exclusive.

The two bed flat is rented by way of AST at £900 pcm, the one bed at £800 pcm and the managers office/accommodation at £500 pcm

Total income is currently £44,250 per annum exclusive

LOCATION

The property is sited with direct frontage to the main road through Broadstone and opposite the public car park. Broadstone is a popular suburb of Poole located around 3.5 miles from the Town Centre. The area benefits from good footfall and high occupancy levels.

TENURE

The property is available to purchase freehold subject to and with the benefit of the existing tenancies and income

PRICE

£600,000 We understand that VAT is not payable with this transaction.

PLANNING

We understand that the commercial unit has planning consent for Hot Food Takeaway

In accordance with our usual practice, however, all interested parties are encouraged to contact Poole Borough Council, planning department ) with respect to the authorised use of the property and their proposed use.

LOCAL AUTHORITY

BCP Council -

EPC

E - 122 (Assessed prior to Papa Johns Refurbishment

BUSINESS RATES Rateable value of commercial is currently £9,600

Interested parties are advised to obtain confirmation of the rateable value and rates payable from the local authority. For more information visit:

FINANCE ACT 1989

Unless otherwise stated, all prices and rents are exclusive of Value Added Tax. Purchasers must satisfy themselves as to the incidence of VAT in respect of any transaction.

LEGAL COSTS

Each party to bear their own.

MONEY LAUNDERING REGULATIONS

Under Money Laundering Regulations, we are obliged to verify the identity of a proposed tenant/buyer prior to instructing solicitors. This is to help combat fraud and money laundering and the requirements are contained in statute.

IMPORTANT NOTE

At no time has a structural survey been undertaken and appliances have not been tested. These particulars are believed to be correct, but their accuracy is not guaranteed and they do not constitute an offer or form part of any contract.