Commercial property for sale in Bournemouth, BH1

***BUY IT NOW - see description for details.***

The flexible space is offered with two sizeable rooms, the main shop frontage which forms the freehold for the shop and an adjoined basement/storage area with WC that is subject to leasehold from the residential block above, so there are 2 titles, for 6 and 6a that forms the purchase price. The previous owners used the property as a vape shop ( previously a jeweller ), but the position and size does lend itself well to any small or up and coming business, especially being so close to Bournemouth pedestrianised High street. The property will need refitting to suit, in particular the basement storage and connect facilities, the current owners did install new electrics, electric roller shutter and intruder alarm. The unit has a high vaulted ceiling with an exposed steel roof structure. 6 Verulam Place is accessed via 6A and comprises a workshop and store area.

A single parking space is available opposite the property from BCP council at a cost of circa £115 per annum (according to the BCP website at point of listing).

716 Sq Ft / Retail / Retail - High Street

Retail Area: 289.34 sq ft (26.89 sq m)

Workshop: 390.27 sq ft (36.27 sq m)

Store: 36.48 sq ft (3.39 sq m)

Total Internal Area: 716.09 sq ft (66.55 sq m)

Planning

Interested parties are advised to make their own enquiries of the Local Authority for confirmation.

Leasehold portion

Service charges: £292 p.a

Building insurance: £390 p.a

EPC Text

Asset Rating - D(82)

Important Information -

This property is being sold by conditional online auction terms as a Buy It Now where the property is sold at a fixed price as opposed to auction style bidding.

To log in or register to buy this property, please visit the property page on the agent's own website.

Unlike a private treaty sale (i.e. private negotiated sale), the property will be sold via a Buy It Now where the bidder and seller contractually commit to progress the sale (which remains subject to contract) within a specified period, giving both parties commitment and more certainty that the transaction will proceed.

The Buy It Now bidding window will end at the time and date stated on this property's page on the agent's website. At that point, a reservation fee will be paid by the successful bidder, giving them an exclusive period of time (“Reservation Period”) in which to exchange contracts and complete the transaction, during which the seller agrees not to take steps to sell the property to anyone else. The reservation fee is non-refundable and for this property is £4,800.00 Inclusive of VAT. Reservation Fees do not contribute towards purchase prices (or deposit payments), although they will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

Occasionally, the seller of the property may charge additional fees, listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. We strongly recommend that you read the Legal Pack carefully before bidding and obtain independent legal advice, where necessary.

Contracts do not exchange immediately at the point of the Buy It Now and can take place at any point during the Reservation Period. This can allow you time to raise a mortgage if you require one (and the property is mortgageable). The Reservation Period granted to the bidder is, however, time limited (note the length of this period will vary from property to property) and should you not exchange contracts and complete the transaction within this period, the seller shall be entitled to take steps to sell the property to a third party. The Reservation Period for this property is 56 days from the point of Buy It Now. If you feel that you would require more time than this, please enquire with the agent before you place a bid, as the seller may be able to offer some flexibility.

All of our conditional online auctions are subject to our Bidder Terms, available at https://www.landmark.co.uk/wp-content/uploads/2023/03/Optimus-Bid-Bidder-Terms.pdf