14-16 Castle Street
Ref 9951
Address 14-16 Castle Street, Christchurch, Dorset, BH23 1DT
Property type E - Retail, Investment - Retail
Size 793 Sq Ft
Leasehold £18,000 - £18,000
Freehold £240,000 - £240,000
Ground Floor Class E Freehold Unit Available For Sale or To Let in Attractive Market Town LOCATION The historic town of Christchurch is located on the south coast some 6 miles east of Bournemouth and has a magnificent 11th Century Priory at its heart. Christchurch offers excellent shopping facilities with a vibrant mixture of both local and national retailers represented. The town serves an affluent local population and the significant influx of tourists to the region during the summer months offers good potential for extra trade. The town also features a well renowned culinary scene with numerous quality restaurants and eateries featuring in the town centre. The famous annual Christchurch Food & Wine Festival has been running since 2000. The subject premises occupy an excellent trading location just off the High Street close to the well-regarded Kings Arms Hotel and also Prezzo. Castle Street features a number of professional services providers together with bespoke retailers. DESCRIPTION An attractive Grade II listed property comprising a ground floor double fronted shop unit currently trading as a Café with both front and rear seating areas, suitable for a variety of uses available to purchase (with vacant possession) or to let. The property currently has the benefit of a front external seating area. Trade fixtures and fittings available by separate negotiation. There are 3 flats which have been sold off by way of long leases. To the rear is a good-sized wall garden which the three residential units are understood to have shared use of.
- Guide Price £240,000 Freehold, subject to contract
- Available on a new lease at a rental of £18,000 per annum, exclusive
- Total Net Internal Area 793 Sq. Ft. (73.84 Sq. M.)
- Situated in attractive market town
- Benefits from approximately 40% Business Rates Relief (subject to eligibility)
- Sold off FF Flat with Ground rent income of £100 P.A with 65 years remaining