For SaleCommercial Property in Poole Road, Westbourne, Bournemouth, Dorset, BH4£1,400,000

** PRIME FREEHOLD INVESTMENT ** For sale by online auction ** Pre-Auction offers considered ** Arguably one of the best freehold properties on Westbourne High Street. This is a rarely available investment opportunity consisting a large ground and basement floor commercial property with superb tenant (large private medical centre). Above are 4 brand newly converted apartments all let on ASTs and a large car park to the rear. Total income of £124,960 per annum. This prime building in a prominent position on Westbourne High Street has recently undergone complete renovation with the commercial units on the ground floor now let to Lyfe Health, a large private medical centre offering a range of services including physiotherapy, reformer pilates, and MRI scanning. The commercial tenant has invested a huge amount of money into the refurbishment of the commercial unit and are in their third year of a 10 year lease currently paying £70,000 per annum with the next review in 2027 linked to RPI. On the first and second floors, there are 4 newly converted apartments consisting 2 x 1 bedroom apartments and 2 × 2 bedroom apartments. These have been completed to a high specification throughout with luxury kitchens and bathrooms and all conform to energy rating C. All apartments are let on assured shorthold tenancies currently bringing in an annual income of £54,960. Total income £124,960. To the rear of the building is a large car park (13 spaces) with parking for both the commercial unit and allocated spaces for the apartments above. There is a bin and cycle store for the use of the apartments. The apartments and communal areas are finished to a superb standard with the specification being over and above the quality you would expect. The property is situated in a prominent position on the popular Westbourne High Street and offers an excellent long-term investment opportunity. This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange, or the vendor reserves the right to remarket the property, and the reservation fee will not be returned, they will then have a further 28 days to complete. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3.6% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £5940 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE SALE PRICE. Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes, provide card and solicitors details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors. **Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction. **Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.