19 High Street, Poole, BH15 1AB

  • Investment / Investment / Investment
  • 530 sq ft
  • For Sale
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MIXED COMMERICAL AND HMO INVESTMENT
Property Type Investment / Investment / Investment
Availability For Sale
Size 530 sq ft
Price Offers in excess of £500,000
Business Rates Upon enquiry
Energy Performance Rating Upon enquiry

ATTRACTIVE MIXED COMMERICAL AND HMO INVESTMENT

Key Features

  • Freehold retail and residential property (Registered HMO)
  • Excellent position in Poole’s Old Town, close to The Quay.
  • Attractive Grade II listed building with many original features & recently refurbished.
  • HMO produces strong income with many long term tenants.
  • New lease recently competed with the commercial tenant.

Location

The property occupies an excellent and highly visible position fronting the High Street in Poole’s Old Town, within very close proximity to the historic quayside.

The Old Town and Quay are popular tourist destinations with many
attractions including Poole Museum as well as many shops, restaurants, bistros and public houses.

The property can also be accessed from Strand Street via Dennetts Lane to the rear.

Description

The property comprises an attractive 3 storey Grade II listed building, understood to date back to the early 19th Century.

The property is arranged with a shop on the ground floor extending to c.530 sq ft and is arranged with a main sales area, rear storage,
kitchenette and WC.

The remainder of the building comprises a 5 bedroom House of Multiple Occupation, which has recently undergone a comprehensive refurbishment to bring it up to date with current HMO regulations. The ground floor is accessed from a self-contained entrance and comprises a WC and a shared kitchen benefitting from rear access to Dennetts Lane.

The first floor comprises three rooms and separate shared shower room and WC. The top floor comprises two additional rooms.

A small basement is also provided with the property.

Tenure

The property is held Freehold

Tenancy

19 High Street

Let to Mr Andrew Hine trading as Paradox Comics on a Full Repairing and Insuring Lease (limited by way of a photographic schedule of condition) for a term of 3 years from 22nd September 2020 at a rent of £10,000 per annum exclusive.

The lease was granted outside the protection of the 1954 Landlord & Tenant Act (as amended).

19a High Street

Each of the 5 rooms within the residential accommodation are let on Assured Shorthold Tenancies. Two of the occupiers have been in occupation for over 10 years and 15 years respectively.

The HMO currently produces an annual income of £19,460. Rents for the HMO are inclusive of all bills including water, electricity and council tax.

Further details on the individual residential tenancies are available on request.

VAT

We understand the property has not been elected for VAT purposes.

Price Guide

Offers are invited in the region of, or in excess of £500,000 exclusive.

Legal Costs

Each party to be responsible for their own legal and professional costs.

EPC

The property has the following energy ratings:

19a High Street (HMO) - E-54
19 High Street (Shop) - An EPC has been commissioned and will be provided shortly.

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