LOCATION
The property occupies a central location in the very heart of the former Local Authority Housing Estate at Somerford an area abutting the main A35 Christchurch Bypass and Somerford Road, approximately a mile to the east of Christchurch Town Centre.
The Meteor Retail Park with the likes of Aldi, TK Maxx and Sports Direct is opposite this densely populated residential estate.
The property sites at the junctions of Hunt Road and Druitt Road and enjoys some on site car parking as well as unlimited on-street car parking.
ACCOMMODATION
Ground floor
One Stop
Retail Area 1,682 sq ft
Store 785 sq ft
Cloakroom / WC
First/second Floors
Access from Druitt Road to 2 self-contained, 3 bed flats over.
LEASE
The whole property is let to One Stop Ltd (part of the Tesco Stores Ltd Group) for a term of 15 years from 24th June 2019 at a current rent of £32,500 pax subject to upward only review in June 2024 and 2029. There is also a tenant break clause in June 2029.
The lease is on full repairing and insuring terms. One Stop have the ability to sub-let the two flats over.
Copy lease available on application.
PRICE
£485,000 Freehold subject to and with the benefit of the lease to One Stop Stores Ltd of the whole.
ENERGY PERFORMANCE CERTIFICATE
Assessment - Shop – Band B
Assessment - Flat 1 - Band D
Assessment - Flat 2 - Band E
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