Petrol Stations for sale in BH9, Bournemouth

Commercial Property in BH9 available for sale

Retail Properties for Sale Near the BH9, Bournemouth

310 Wimborne Rd

Bournemouth, BH9 2HN

Retail for Sale
£550,000
862 sq ft

Bournemouth Retail for Sale

The property is held freehold. Inviting offers in the region of £550,000. The premises comprise a mid-terraced, three storey property forming part of an attractive red brick building, which we understand was constructed in 1904. The property is arranged with a shop unit on the ground floor extending to c. 862 sq ft. The shop benefits from rear loading and a useful outbuilding located directly to the rear of the premises, currently used as storage. The residential accommodation is accessed via a dedicated external staircase to the rear of the property. The property has been registered as a House of Multiple Occupation (HMO). The accommodation is located over the first and second floors and comprises 5 double bedrooms, lounge/diner, kitchen, bathroom, WC and top floor shower room also with a WC. The property has been maintained in very good order. TENANCY 310 Wimborne Road Let to NP Lounge Ltd t/a The Looking Glass, on an assignment of a Full Repairing and Insuring Lease with a term of 10 years from 25/05/2016 at a rent of £17,000 per annum. The lease was granted inside the protection of the 1954 Landlord & Tenant Act (as amended). There is security in the form of a rent deposit of £8,500, held by the Landlord under a Rent Deposit Deed. 310a Wimborne Road The upper parts are let to students annually (via tenancy agreements) from 1st September 2024 for a term of 11 months at a current rent of £2,700 pcm (approx £135 per person per week). The Rent is inclusive of full fibre broadband, electricity, gas & water. Security is provided in the form of a returnable deposit of £2,700. All tenants are required to provide a guarantor (usually a parent). The total annual income from the student accommodation is currently £29,700 (inclusive of utility costs). The Landlord currently manages the property himself & reports strong demand for the student accommodation. A Tenancy is currently in place as above until 31st July 2025. The total income currently receivable for the building is £46,700 per annum.