Retail premises for sale

Situation and Description

The property is located a short distance from Christchurch Town Centre between the two bridges on Bridge Street. The property is located immediately opposite Prezzo.

The ground floor currently provides a lock up shop with kitchenette and cloakrooms and there are two flats above.

Shop currently rented at £20,000 p.a.

Total income from flats £23,400

Good location

The incoming tenant will be responsible for their own legal fees.

£750,000 freehold
Alternatively the long leasehold (999 years) of the shop only can be purchased at £300,000.

Ground Floor
Gross Internal Area of
whole of ground floor shop: 2,464 sq.ft. (229 sq.m.)

Flat 1
3 Bedrooms, Kitchen, Lounge, Bathroom

Flat 2
2 Bedrooms, Kitchen, Lounge, Bathroom

The shop is let on a 5 year lease expiring on 2nd March 2028 at a rental of £20,000 p.a.. A two month deposit is being held and there is a directors guarantee in place.

Flat 1 is let at £13,200 p.a. For 6 months from 6th May 2023.
Flat 2 is let at £10,200 p.a. For 6 months from 19th June 2023.

Shop and flats - for sale