INVESTMENT PROPERTY FOR SALE IN POOLE – 30 PARKSTONE ROAD
Poole is a historic town located on the south coast of England some 100 miles to the south-west of London.
The town centre is served by the A350 which links with the A3049 and A35 providing road access to the west, north and east.
It has a main line rail station with direct services to London Waterloo. The Port of Poole is approx. 1 mile distant.
The Borough of Poole has a population of 147,645 at the 2011 Census.
The property fronts Parkstone Road (B3068) which is a main route into the town centre. The property is within walking distance of the main shopping area.
The property comprises a former semi-detached Victorian house which has been converted for office use. The accommodation is arranged over three floors with a two-storey rear extension.
The property is constructed of cavity brick with a mix of painted and rendered elevations.
The property is arranged to provide a mix of individual offices and meeting rooms together with kitchen and toilets.
Gas fired central heating is installed.
The property has the following approximately net internal floor areas:
Ground floor – 977 sq ft
First floor – 890 sq ft
Second floor – 490 sq ft
Total – 2,357 sq ft
There are sloping ceilings to part of the second floor.
The property occupies an overall site area of approx. 0.12 acres and provides forecourt parking with access from Parkstone Road together with rear parking with access from Seldown Lane.
The property is owned freehold and is offered subject to a lease dated 12 December 2017 granted to Universal Recruitment Solutions Ltd for a term of 6 years from 1 December 2017 at a commencing rent of £28,000 per annum exclusive.
The lease contains an upwards only rent review and tenant break option at 1 December 2020. The tenant may exercise the break option by serving at least 6 months’ notice before the break date.
The tenant is responsible on a full repairing and insuring basis subject to a schedule of condition.
It is understood that the property is opted to tax and that VAT will be payable on the sale price.
The Valuation Office Agency states that the property has a rateable value of £21,750 in the 2017 Rating List. The Rates Payable will be determined by the Uniform Business Rate Multiplier which is set by the Government annually.
Rates payable may also be subject to transitional or small business rates relief and interested parties are therefore encouraged to contact the Local Rating Authority directly.
Universal Recruitment Solutions Ltd have produced accounts for the year ended 31 January 2017 showing a turnover of £14,885,447 producing a profit for the financial year of £827,501.
The property has an EPC rating of E-(102).
A copy of the full report can be made available on request.
- Tenure: Freehold