Comprises Ground Floor Restaurant with 4 Flats on Upper floors
Restaurant Let Until July 2033 (No Breaks)
Popular coastal resort and university town
Prominent Trading Position in Busy Town Centre
VAT Free Investment
Lot 22
Auction 18th May 2023
Rent £79,180 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail/Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
6 miles east of Poole, 30 miles west of Southampton
Roads
A31, A35, A338, M27
Rail
Bournemouth Railway Station
Air
Bournemouth Airport
Situation
Bournemouth is a highly popular coastal resort and university town home to over 17,000 students. The property is situated on the southern side of Old Christchurch road close to the Lansdowne Roundabout. The property occupies a busy trading position in the heart of Bournemouth's restaurant and leisure district with tenants including KFC, Domino's, O'Neills and many more local restaurants, takeaways and bars.
Tenure
Freehold.
Location
Miles
6 miles east of Poole, 30 miles west of Southampton
Roads
A31, A35, A338, M27
Rail
Bournemouth Railway Station
Air
Bournemouth Airport
Situation
Bournemouth is a highly popular coastal resort and university town home to over 17,000 students. The property is situated on the southern side of Old Christchurch road close to the Lansdowne Roundabout. The property occupies a busy trading position in the heart of Bournemouth's restaurant and leisure district with tenants including KFC, Domino's, O'Neills and many more local restaurants, takeaways and bars.
Tenure
Freehold.
Description
The property comprises a ground floor restaurant together with 4 flats on the upper three floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor restaurant together with 4 flats on the upper three floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground
Restaurant
83.80
(896)
Individual (t/a Dosa World Sri Lankan and Indian Restaurant) (1)
25 years from 11/07/2008 until 10/07/2033
£22,000
11/07/2023 and 11/07/2028
First (Flat 1)
Residential
-
-
Individuals
AST for 1 year from 19/10/2022 until 18/10/2023
£14,520
Second (Flat 2)
Residential
-
-
Individuals
AST for 1 year from 08/02/2023 until 07/02/2024
£14,520
Third (Flat 3)
Residential
-
-
Individuals
AST for 1 year from 31/10/2022 until 20/10/2023
£16,620
(Flat 4)
Residential
-
-
Individual
AST for 1 year from 19/10/2022 until 18/10/2023
£11,520
Total
83.80
(896) (2)
£79,180
(1) Founded in 2008, Dosaworlddorset is known for revolutionizing the way people eat and enjoy food. We take pride in our ability to discover the most unique flavors of South India and Sri Lanka. Source: www.dosaworlddorset.co.uk 19/04/2023). (2) The floor areas stated above are hose published by the Valuation Office Agency (www.voa.gov.uk)
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
