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Retail - High Streets for sale in East Creech, Creech

Create Alert 8 results Sorry, we currently do not have any listings for sale in 0 miles of East Creech, Creech - Please find below the nearest listings available.
For Sale£295,000.00
New
Investment Summary
* Freehold retail investment Located in popular district shopping centre
* Densely populated surrounding residential area
* Let to first class tenant - L Rowland and Co. (Retail) Limited
* Current rent - £18,750 pa.
* Price - £295,000 - net initial yield 6.2%

Location
The property is situated within the main retail section of Charminster Road, a popular district shopping centre approximately 1.5 miles to the north of Bournemouth town centre. The property is located on the eastern side of Charminster Road at it's junction with Shelbourne Road.

The Charminster district centre comprises a mixture of retail and restaurant outlets serving an immediate densely populated residential area with a particularly high student population.

Description
The property comprises a predominantly two storey end of terrace building. The ground floor of the property provides retail accommodation currently occupied as a pharmacy with the upper parts used for ancillary storage purposes. Potential exists for the future refurbishment of the upper floors of the building to provide residential accommodation.

Accommodation
Ground Floor Retail - 75.43 sq. m. (811 sq. ft.)
Storage - 11.07 sq. m. (119 sq. ft.)
Kitchen - 5.89 sq. m . (63 sq. ft.)
First Floor Storage - 36.8 sq. m. (395 sq. ft.)
TOTAL 129.1 sq. m.(1,388 sq. ft.)
Additional storage accommodation is situated at second floor attic level.

Tenure - Freehold

Tenancy Details
The property is let to L Rowlands & Co (Retail) Limited under the terms of a 10 year full repairing and insuring lease from the 1st March 2012, at a rent of £18,750 pa.

Tenant's Covenant
L Rowland & Co (Retail) Limited is a NHS Pharmacy provider which has been trading from this property for approximately 16 years. The company is long established and has over 500 outlets in the UK. The company turnover for the year ending 31st January 2018 was approximately £494m with net assets of approximately £63m.

Proposal
We are instructed to seek offers in excess of £295,000 subject to Contract and exclusive of VAT. Allowing for purchaser's costs of approximately 3.2% a purchase at this level reflects a net initial yield of 6.2%.

Energy Performance Certificate
The property has an Energy Performance rating of C(74).

Business Rates
We are advised by Bournemouth Borough Council that the rateable value is £17,500 pa.
WELL SECURED FREEHOLD RETAIL INVESTMENT - FOR SALE - 128 Charminster Road, Bournemouth, Dorset, BH8 8UU
Type: General Retail, Retail - High Street, Retail
Location: 128 Charminster Road, BH8 8UU
Size: 1388 Sq Ft
Images: 4
Brochures: 1
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For SalePOA

Substantial Retail Investment in Ferndown



Location

Ferndown is an affluent east Dorset town located approximately 7 miles to the north of Bournemouth and 6 miles to the south west of Ringwood. The property is located in a prominent position fronting Victoria Road which is the main retail thoroughfare in Ferndown. Nearby occupiers include Boots, Iceland, Wilkinson’s, Pets Corner, Holland & Barrett, Nationwide, Barclays and Lloyds Bank.



The property comprises a three storey mixed use building that was subject to a substantial redevelopment in 2014. The redevelopment incorporated the construction of 12 new residential units above the existing commercial accommodation. All of the flats have subsequently been sold off on long leases. The ground floor is arranged with three separate retail units, each providing a prominent frontage on to Victoria Road. The property benefits from a large tarmacked car park which is accessed from Library Road to the rear.

The property is let as follows: 77-79 Victoria Road is let to The Bournemouth Coffee Company Limited t/a Costa on a full repairing and insuring lease from 11th April 2014 for a term of 10 years at a current rent of £32,500 per annum. The lease has the benefit of an open market rent review on 11th April 2019. 81 Victoria Road is let to Cedar Veterinary Services Limited t/a Cedar Veterinary Group on a full repairing and insuring lease from 25th March 2005 for a term of 15 years at a current rent of £16,000 per annum. The lease benefits from additional security in the form of three personal guarantees. 83 Victoria Road is let to Wessex Children’s Hospice Trust t/a Naomi House on a full repairing and insuring lease (limited by way of a photographic schedule of condition & a service charge cap of £500 per annum) from 19th February 2015 for a term of 5 years at a current rent of £16,500 per annum. The 12 upper floor flats (& associated parking spaces) have been sold off on 125 year leases. The total ground rent income is £2,500 per annum. We understand the residential leases incorporate index linked rent reviews every 25 years. 3 parking spaces have been let on an annual licence to CVS (UK) Limited generating an annual income of £2,500. The total income currently receivable is £70,000 per annum.

The Bournemouth Coffee Company Limited is an established Costa franchisee with over 12 outlets. For the year ending 30/06/2016 they reported a net worth of £331,005. The company has an Experian Credit Risk Score of ‘Very Low Risk’. Cedar Veterinary Services Limited is a wholly owned subsidiary of CVS (UK) Limited. For the year ending 30/06/2016 CVS (UK) Limited reported a turnover of £157m and pre-tax profits of £6.6m. The company has an Experian Credit Risk Score of ‘Very Low Risk’. CVS (UK) Limited is a subsidiary of CVS Group plc which is the largest integrated veterinary services provider in the UK. Wessex Children’s Hospice Trust t/a Naomi House are a well-known and respected charity with an established retail division trading out of 25 shops in the south of England.

We understand the property has not been elected for VAT purposes.

SUBSTANTIAL RETAIL INVESTMENT, Ferndown, BH22
Type: General Retail, Retail - High Street, Retail - Out of Town, Retail
Location: SUBSTANTIAL RETAIL INVESTMENT, 77-83 Victoria Rd, Ferndown
Size: 3726 Sq Ft
Images: 4
Brochures: 1
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For Sale£995,000.00

MIXED USE INVESTMENT IN BOURNEMOUTH TOWN CENTRE – 8 LANSDOWNE ROAD



Location

The property is located within Bournemouth Town Centre, close to the Lansdowne Roundabout at the edge of the town centre in an established secondary trading area. This part of Bournemouth has seen much development over the past few years, mainly linked to the University.



We understand the shop is configured with a suspended ceiling throughout, separate kitchenette and WC facilities along with a good quality basement arranged as two rooms. Flat 1a Bedroom 1 with en-suite, shower & WC – 2.5m x 2.8m Living room / kitchen – 4.11m x 3.31m Notes: Includes balcony and electric central heating EPC rating of E-(50) Flat 1 Bedroom 1 – 5.0m x 2.57m Bedroom 2 – 3.17m x 3.72m Living Room – 4.32m x 4.4m Kitchen (includes hob, cooker, fridge/freezer) 3.32m x 2.33m Bathroom/shower & WC with basin & heated towel rail EPC rating of D-(59) Flat 2 (second floor) Bedroom 1 – 4.79 x 2.63m Bedroom 2 – 4.02m x 3.18m (max) Living Room – 4.29m x 4.54m into bay Kitchen (includes hob, cooker, fridge/freezer) – 2.6m x 3.21m Bathroom/shower & WC EPC rating of D-(66) Flat 3 (third floor) Bedroom 1 – 3.04m x 4.02m Living Room – 3.96m x 4.84m Kitchen (includes hob, dishwasher, fridge/freezer) – 2.62m x 3.23m max Bathroom/shower & WC with basin & heated towel rail EPC rating of C-(79) Garden Flat Bedroom 1 – 2.6m x 4.05m Bathroom – 2.5m x 1.7m Living room / kitchen (fully fitted with units, built in fridge freezer) – 40.5m x 3.65m Leads out to terrace EPC rating of E-(50) Cottage Flat (5 Lansdowne Rd) Ground floor entrance hall & cloakroom/WC Living room / kitchen (fully fitted with hob, cooker, gas fired boiler) – 6.6m x 4.12m First Floor: Bedroom 1 – 2.07m x 3.11m Bedroom 2 – 2.98m x 2.64m Bathroom / shower / WC EPC rating of B-(83)

The shop is let on a 12 year lease from 12 November 2008 with 3 yearly upwards only rent reviews.

MIXED USE INVESTMENT, Bournemouth, BH1 1SD
Type: Residential, General Retail, Retail - High Street, Retail - Out of Town, Retail
Location: MIXED USE INVESTMENT, 8 Lansdowne Road, Bournemouth, BH1 1SD
Size: 2500 Sq Ft
Images: 1
Brochures: 1
View Property
For SalePOA
OR
For RentROA
New

LOCATION

The property occupies a near prime trading position being only 50 yards from Lower Old Christchurch Road, the heart of Bournemouth’s core shopping district.

Major High Street names within the immediate vicinity include Lloyds Bank, Monsoon, Topshop, Superdrug as well as Beales and Dingles House of Fraser Department Stores.

DESCRIPTION

The accommodation forms the ground floor of a brand new town centre mixed development with 83 quality flats over.
The 5 storey scheme has been developed in the Victorian style over the commercial units which are available to shell standard with services.

ACCOMMODATION

Unit 1
Internal Area 1766 sq ft
Street Frontage

Unit 2

Internal Area – 1,025 sq ft

Both units have fitted kitchens and cloakroom facilities

TERMS

The units are available by way of leasehold or long leasehold basis as follows:-

By way of new full repairing and insuring lease, terms to be agreed.

Unit 1 - £29,500 per annum exclusive plus VAT
Unit 2 - £19,500 per annum exclusive plus VAT

Or

Long Leasehold

999 year ground leases at a peppercorn rent
Unit 1 - £450,000 plus VAT
Unit 2 - £275,000 plus VAT

BUSINESS RATES (source: www.voa.gov.uk)
To be separately assessed.
Units for sale or to let at The Old Sorting Office, Albert Rd, Bournemouth
Type: General Retail, Retail - High Street, Retail
Location: The Old Sorting Office Albert Road Albert Road, Bournemouth, BH1 1BZ
Size: 1025 - 1766 Sq Ft
Images: 7
Brochures: 1
View Property
For SalePOA
LOCATION

The property occupies a near prime trading location nestling amongst numerous other multiple retailers, independents and professional service providers including Lidl, Solutions Inc, Wilko, Cornish Bakehouse, Barclays Bank and Greggs.
There is a 950 space NCP car park adjacent in Richmond Gardens shopping Centre.

Bournemouth is the main commercial centre of Dorset and one of the UK’s premier seaside resorts.
It forms part of the Bournemouth/Poole/Christchurch conurbation with a combined population nearing 400,000.
In addition the Town attracts approx. 3.8 million day visitors every year.

ACCOMMODATION

Sales Area 934 sq ft
Basement 493 sq ft

INVESTMENT SUMMARY

Lease

Let to Mascolo Ltd trading as Toni & Guy on a 10 year full repairing and insuring lease from June 2011 at a rent of £47,500 per annum exclusive

NB. The tenants have occupied the shop for over 20 years

PRICE

£565,000

Shows 8.1% net initial yield (allowing 4.94% purchase costs)

VAT – We have been informed by our client that the property is not elected for VAT.

TENURE

The property is offered by way of a new 999 year lease at a peppercorn rent.

Bournemouth town centre - Retail Investment
Type: Retail - High Street, Retail
Location: 91 Old Christchurch Road, BH1 1EP
Size: 1427 Sq Ft
Images: 3
Brochures: 1
View Property
For Sale£165,000.00
The property is located in a busy parade of shops in Christchurch Road (A35) approximately 3 miles west of Christchurch Town Centre and just over 2.5 miles East of Bournemouth Town Centre. Nearby occupiers include a Ladbrokes, Oxfam charity shop, Cost Cutter and a variety of independent local retails.
The building comprises a ground floor lock up shop and first floor flat sold off long leasehold.
( Agency Pilot Software Ref: 5653 )
688 Christchurch Road, Bournemouth, BH7 6BY
Type: Retail - High Street, Retail
Location: 688 Christchurch Road, Bournemouth, BH7 6BY
Size: 0 - 1842 Sq Ft
Images: 5
Brochures: 1
View Property
Under OfferFor sale: £315,000.00
681-683 Wimborne Road comprises a mid-terraced three storey building. 683 Wimborne Road comprises a double fronted ground floor lock up shop currently occupied by a national estate agent. The ground floor shop is arranged with a retail area, offices and kitchen to the rear. 681 Wimborne Road is accessed via a separate ground floor entrance with stairs to the first and second floor offices.
Access to the property can be at the front or alternatively at the rear via a separate entrances with off road parking immediately adjacent to the building.
The property is located within Moordown fronting Wimborne Road approximately 3 miles North of Bournemouth town centre and one mile from the main shopping area of Winton.

Nearby occupiers include a Tesco Express, Papa Johns Pizza, a number of estate agents and a variety of local independent retailers. We are informed by the owners, the majority of the windows and external doors have recently been replaced/ renewed using UPVC.


( Agency Pilot Software Ref: 5371 )
681-683 Wimborne Road, Bournemouth, BH9 2AT
Type: Retail - High Street, Office, Retail, Offices
Location: 681-683 Wimborne Road, Bournemouth, BH9 2AT
Size: 1750 Sq Ft
Images: 1
Brochures: 1
View Property
For SalePOA
Westbourne is a suburb of Bournemouth located approximately 2 miles to the west of the town centre. The premises are situated in a prominent position adjacent to Iceland and close to Multiyork, Bang & Olufsen, Starbucks, Boots and Lloyds Bank.

- Basement and ground floor accommodation
- Self contained car park to the rear for approximately 11 vehicles
- Prominent position
- Available by way of an assignment or under lease
- Shop with A2 planning consent
Former Bank Premises To Let in Westbourne, Bournemouth
Type: General Retail, Retail - High Street, Retail
Location: 86 Poole Road, Bournemouth, BH4 9EF
Size: 1403 Sq Ft
Images: 1
Brochures: 1
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