118 High St 8,266 SF 100% Leased Retail Building Poole BH15 1DF $1,068,738 CAD ($129.29 CAD/SF)

Freehold, subject to an occupational lease to The Entertainer (Amersham) Limited.
We are instructed to seek offers in the region of £575,000 (Five Hundred and Seventy Five Thousand Pounds) exclusive.
Lease terms: The retail unit is let to The Entertainer (Amersham) Limited on a 6 year effective full repairing and insuring lease from 28/01/2022, subject to an open market rent review on 28/01/2027, at a current passing rent of £50,000 per annum exclusive.
The property comprises an attractive two storey building with rear loading access.
The retail unit comprises accommodation on ground floor and part first floor. The ground floor is arranged with a large open plan sales area with rear ancillary accommodation and loading access. A stock room is situated on part of the first floor.
The property includes two separate vacant areas. The front section comprises first floor space benefitting from direct access to the High Street via an internal stairwell. The rear section includes vacant space at ground and first floor and is accessed from Chapel Lane. Both areas are provided in shell condition and are potentially suitable for conversion to residential use or, alternative commercial uses (offices, studio etc), subject to the necessary consents. A previous planning consent (now expired) achieved a change of use for 7 residential flats.
The property is situated in a prime location fronting Poole’s pedestrianised High Street, between Lagland Street and Chapel Lane. The Chapel Lane public car park is located directly to the rear of the property whilst the Dolphin Shopping Centre is also within close proximity.
Nearby occupiers include The Works, Robert Dyas, Santander, Mountain Warehouse, Nationwide, Savers, CEX and Bon Marche.