This imposing three storey building is situated in a busy retail parade about 250 yards from Bournemouth mainline railway station and diagonally opposite Lidl and Halfords. It is also close to Bournemouth Universitys Landsdowne Campus.
The property comprises a shop at ground floor level (front) and a large residential maisonette at the rear of the ground floor, together with the first and second floors, with a garden and separate access from the rear.
The property is currently let on a commercial lease but there is potential for the residential accommodation to be extended, refurbished and/or sub-divided on a floor by floor basis on the expiry of the existing lease, or earlier by negotiation with the tenant, subject to all necessary consents being obtainable. Many of the properties on Holdenhurst Road have been extended to the rear or within loft spaces to facilitate additional residential accommodation.
Alternatively, the property represents an attractive investment with potential for a significant increase in rent on review in July 2023, as the current rent of £14,000 per annum is only slightly higher than the rent that the tenant receives from the sub-tenant of the residential maisonette.
Commercial
Main retail area, staff kitchen and staff W.C.
Residential
Ground Floor
Kitchen, dining room, shower room with W.C. and hallway to stairs.
First Floor
Two bedrooms, living room and shower room with W.C.
Second Floor
Two bedrooms and loft storage.
Tenancy
Let under the terms of a commercial lease for a term of 5 years expiring on 30th June 2025 at a current rent of £14,000 per annum. There is a rent review on 1st July 2023.
The maisonette is underlet on an Assured Shorthold Tenancy at a rent of £960 per month (£11,520 per annum) with effect from 1st April 2019. We have been informed that the rent has been increased subsequently to £1,008 per month (£12,096 per annum), but we have not been able to verify this.
Local Planning Authority
BCP Council. Tel: 01202 123321. Website: bcpcouncil.gov.uk.
