EMPTY FREEHOLD  SHOP PREMISES with

 

SPACIOUS ACCOMMODATION & GARDEN.  POOLE, DORSET

 

(WITH A GOOD POTENTIAL RENTAL INCOME )

 

RETIREMENT SALE  ----  SPECIAL DEAL !!!

 

NOW GREATLY REDUCED from £285,000 to only £249,950 ono

 

 

We sold this property to our business neighbour back in May ‘07, for £285,000.  Unfortunately, after waiting over five months, and getting near to exchanging contracts, our buyer had to abort the sale due to illness.

 

We are waiting to retire, so we have decided to sell our place at a much lower price than before, to promote a speedy sale.  Also, due to the high cost of STAMP DUTY to buyers, we have now purposely priced our property below £250.000. (Which reduces the stamp duty rate from 3% to only 1%, and saves you an extra £5,000 minimum).  That means that you will pay over £41,000 LESS than our original buyer!!

 

Our BUSINESS PREMISES is one of a very long established parade of 10 purpose built RETAIL SHOPS all with accommodation above.  It is situated on the junction of Wimbourne Road (B3093) & Garland Road, only 2 Bus stops from the Town Centre on a very busy main road leading to POOLE TOWN.

 

The shop is double fronted with a modern style aluminium shop front.  The forecourt is approx 20'x18', with room for 2/3 cars, and is included in the property sale.  The whole property has been registered in our name since 1988.

 

The ground floor is approx 30'x20', which consists of the main shop area, stock room, staff toilet & wash basin, and a private hall leading to the upstairs accommodation.  The whole shop area has a solid floor, making it suitable for any type of business.  There is also an extension at the rear approx 9'x8', used as a laundry/utility room.  The garden is approx 42' long, with bushes, shrubs, small trees, flowers etc, and is completely surrounded with walls & fences, making it very safe for children & pets.  We are the only shop on our parade with a proper garden.  If needed, there is plenty of room to extend the shop by at least 20ft.  One of our neighbour's shop has been extended to approx 50ft long, and the other to at least 60ft long.

 

There is access to a service road at the rear of the garden, which is shared by all of the parade shops.  SAME OWNER/OCCUPIERS  FOR LAST 20 years.  The business rates are just over £1000 pa.  The Council tax for the accommodation is also about £1000 pa  The accommodation is very roomy and comfortable, and is on the 2 upper floors.  On the middle floor there are 2 nice lounges (17'x11' &  14'x9'), both recently fitted with matching new heavy domestic carpet.  (The previous owners used the smaller lounge as a 3rd bedroom)  A modern kitchen approx 11'x11' with laminated flooring.  Shower room and toilet.  On the top floor there are 2 very nice large double bedrooms (One is 20' long), both with sloping ceilings, and a few exposed beams, and fitted with matching carpets.  There is also a useful loft, which is insulated.  All the windows in the accommodation are Double Glazed.   The whole property is in very good condition, and free of any damp, woodworm, rot etc.   The roof is very sound, and watertight.  The sewerage system works perfectly.  As you would expect, the property is supplied with electricity. gas, & water.  There are separate electric circuits for the shop, and accommodation.  We have a Sky satellite dish with digibox.  Also a  NTL Cable connection, which can be activated at any time, if required.  BT phone line ( Broadband enabled).  There are NO nasty Council road plans, or building schemes for our area, as any local searches will show.  We are the only shop owners here that are able, and willing, to sell their premises with TOTAL VACANT POSSESSION.  After almost 20 years here, we have retired from business life, and looking for a speedy completion, hence the greatly reduced price.  If you are  A GENUINE BUYER,  you can now buy our valuable premises for only £249,950 ono,  which will not only save you a lot of money on our original price, but as already mentioned, will also SAVE YOU AT LEAST ANOTHER £5000 on GOVERNMENT STAMP DUTY, (Achieved by us keeping the price under the £250,000 stamp duty threshold).  Our property is more than large enough for a family to run a business, and have a very comfortable home to live in.   Buy to let investors would have absolutely no problem renting out the shop and flat.  We have had many inquiries to rent or lease, but we want to sell up completely and buy a house, so we have declined all of these offers.  Finding tenants is extremely easy in our area, but if you wish, our local Letting agency would be very happy to find tenants, collect the rent, and supervise your investment. 

 

The location of the shop, and large accommodation for offer, together with a garden, would guarantee 100% occupancy.

 

LATEST UPDATE!

We have had the property professionally assessed for it's RENTAL VALUE by our local Letting Agents, who have a vast experience in our particular area.  They rent one of the shop premises on our parade, and have recently had their place assessed by their landlord for a rent increase,  so we are confident that their rent valuations for our place are pretty accurate.   We now have their WRITTEN  RENTAL VALUATION, which puts an income of £750 pm on the accommodation, and £900 pm on the shop, which adds up to £19,800 per annum.

 

At present, without any alterations, the property is ideally designed to be leased or rented out to one tenant, who would pay you for the shop and the accommodation. The combined rents would be a bit less than renting separately, but leasing to one tenant is certainly a lot  easier.    However, if you want to lease/rent out the shop and flat separately, then some work would be needed to make the flat self contained, plus we would have to get the usual planning permission from Poole Council. There would not be any problem obtaining the required planning consent, as almost all of the rest of the parade shops here have already done it!

 

If you are planning to sell your house to finance your new business, we suggest you sell NOW, before house prices start falling, and buy our place. (Which has already been reduced in price)  On a 2-3 year span, you will certainly MAKE money with our business property/home, and certainly LOSE money if you hang on to your house!   The choice is obvious, so grab the opportunity while you can, or you may always be sorry that you missed the chance.

 

Due to the "CREDIT CRUNCH", obtaining a loan from a bank etc, has become much more difficult, so unless you have your lenders MINIMUM  REQUIREMENT of CASH  plus 1% stamp duty, solicitor's fees etc, and a  DECENT CREDIT HISTORY, you may not be able to finance yourself for a business venture.

 

To avoid disappointment, please make the necessary enquiries, and get confirmation for any loans needed, BEFORE getting interested in buying!

 

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Please contact us for any more details:

Mr & Mrs J Parkinson

3 Tatnam Crescent

Poole, Dorset  BH15 2HG

Email: john@jep.eclipse.co.uk

Telephone: (01202) 673801