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    Key features

    • Investment let at £26,400 p.a. (Part Vacant)
    • A freehold building comprising a ground floor commercial unit and two self-contained flats
    • Ground floor and basement let at £18,000 p.a. on a 10 year lease from 2021
    • Situated in a town centre location and within easy reach of Poole Quay
    • Second floor flat Vacant & an approx. 82 sqm (883 sq ft)
    • Instant asset management potential in letting out the vacant flat
    • First floor flat let on an AST on £8,400 p.a. & an approx. 77 sqm (829 sq ft)
    • No VAT

    Description

    The property is a Grade II listed property comprising of a restaurant on Ground and Basement floor and 2 x two bedrooms flats located on the 1st and 2nd floor. There is also a rear yard that provides access to both commercial unit and the upper flats and has a number of parking spaces.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note that the approximate areas have been provided by the client and the property has not been inspected by Savills.


    Basement:

    Restaurant

    Approx. 70 sqm (753 sq ft)


    Ground Floor:

    Restaurant

    Approx. 125 sqm (1,345 sq ft)


    First Floor:

    Self-contained Flat - Reception Room, Two Bedrooms, Kitchen, Bathroom/WC

    Approx. 77 sqm (829 sq. ft)


    Second Floor:

    Self-contained Flat - Two Bedroom Accommodation

    Approx. 82 sqm (883 sq. ft)


    Total approx. 354 sqm (3,810 sq. ft)


    Tenancy

    Ground and Basement (Restaurant):

    • Let to a private individual (TA Ginali's) please confirm
    • Let on a 10 year lease from 2021
    • Investment let at £18,000 p.a.

    First Floor (Flat):

    • Let to a private individual
    • Let on a 12 month AST from 5th December 2020 (Holding Over)
    • Investment let at £8,400 p.a.

    Second Floor (Flat):

    • Vacant.

    Rent

    £26,400 p.a. (Part Vacant)

    Notes

    Please note, the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills, prospective purchasers must rely upon their own enquiries in this regard.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Poole is a coastal town located in Dorset on the south coast.

      The property is situated on the High Street which runs through the centre of town.

      A large selection of leisure and retail opportunities can be found near by, with further amenities available on the quay.

      Baiter Park is just less than a mile away from the property and offers an open green space for sporting and leisure activities.

      The A350 is easily accessible and provides road communications north to Gloucestershire and further south to Devon.

      Transport

      National Rail - Poole (South Western Railway)

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums