£325,000
(£160.49/sq. ft)
Property for sale3-5, Lansdowne Road, Bournemouth, Dorset BH1
2,025 sq. ft
Available immediately
Freehold
About this property
Single storey commercial premises operating as a licenced restaurant and takeaway trading as the Noodle Bar
Current rental income: £24,00 p.a. Reversionary lease for 10 years from September 2030 in solicitors hands
Total floor area: 2025 sq.ft. (188 sq.m.) approx.
Estimated Rates Payable: £18463
Situation and Description
The Lansdowne is a busy part of the Town Centre where Bournemouth University now has its administration offices and numerous Student halls of residence. The central business district is located nearby in Oxford Road. The Lansdowne has a wide range of commercial occupiers that cater for both the student population and office workers in the immediate vicinity. The property is located on the corner of Lansdowne Mews and next door to the newly built Lansdowne Church.
The subject property is single storey and is fitted out and operating as a Licenced restaurant and Takeaway, trading as the Noodle Bar. The business was opened in 2014 and is a very busy and popular restaurant within the town centre. Further information can be found on their website on the link below
Planning
Planning consent for change of use to restaurant was granted on 2nd February 1987. Planning application No A/86/2692/Z
Legal Fees
Each party will be responsible for their own legal fees.
Costs
Accommodation Text
Accommodation
Width 44'00" (13.4m)
Depth 39'06" (15.1m)
Total Floor Area 2,025 sq.ft. (188 sq.m.) Approx
Designated parking in Lansdowne News adjoining the Lansdowne Church
Tenure Comments
Tenure
The property is held by way of a 10 year lease from 5th September 2020 let to an individual who is trading as the Noodle Bar Bournemouth. £24,000 p.a.
Terms for a Reversionary lease from September 2030 for a term of 10 years are agreed and now in solicitors hands.
Price
£325,000 freehold subject to and with the benefit of the existing lease and income and the reversionary lease being completed
investment for sale
The Lansdowne is a busy part of the Town Centre where Bournemouth University now has its administration offices and numerous Student halls of residence. The central business district is located nearby in Oxford Road. The Lansdowne has a wide range of commercial occupiers that cater for both the student population and office workers in the immediate vicinity. The property is located on the corner of Lansdowne Mews and next door to the newly built Lansdowne Church.
The subject property is single storey and is fitted out and operating as a Licenced restaurant and Takeaway, trading as the Noodle Bar. The business was opened in 2014 and is a very busy and popular restaurant within the town centre. Further information can be found on their website on the link below
Planning
Planning consent for change of use to restaurant was granted on 2nd February 1987. Planning application No A/86/2692/Z
Legal Fees
Each party will be responsible for their own legal fees.
Costs
Accommodation Text
Accommodation
Width 44'00" (13.4m)
Depth 39'06" (15.1m)
Total Floor Area 2,025 sq.ft. (188 sq.m.) Approx
Designated parking in Lansdowne News adjoining the Lansdowne Church
Tenure Comments
Tenure
The property is held by way of a 10 year lease from 5th September 2020 let to an individual who is trading as the Noodle Bar Bournemouth. £24,000 p.a.
Terms for a Reversionary lease from September 2030 for a term of 10 years are agreed and now in solicitors hands.
Price
£325,000 freehold subject to and with the benefit of the existing lease and income and the reversionary lease being completed
investment for sale
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