Bournemouth is Dorsetâs principal commercial centre and one of the UKâs premier seaside resorts. It has a residential population in excess of 150,000 persons and a prime shopping catchment of 396,000 persons within a 6 mile radius (Focus). The town is a thriving destination with an estimate of 1.5M staying visitors and 3.8M day visitors every year. Bournemouth also benefits from a substantial and growing student population with in excess of 25,000 students attending University. The town has enjoyed substantial inward investment at the present time. This includes two recently opened town centre Hilton Hotel and the BH2 leisure scheme in the centre of town comprising 17 national restaurants and an Odeon cinema. The property is prominently situated on Old Christchurch Road amongst numerous multiple retailers, together with local independent retailers, professional service providers and cafes/restaurants. A 950 space NCP car-park is accessed via the entrance to Richmond Gardens Shopping Centre which is approximately 100m from the subject premises.
The premises are arranged over four storeys plus a basement and are of brick construction with a stone facade surrounding the ground floor. The ground floor is currently used as a building society and two sets of stairs lead to the offices on the upper floors. Skipton Building Society currently occupy the basement, ground floor and part of the first and second floors.
FUTURE REDEVELOPMENT POTENTIAL
It is thought that the upper floors could be suitable for conversion to residential in the future, subject to any necessary statutory consents and vacant possession.
The entire property is let to Skipton Building Society by way of a full repairing and insuring lease dated 16 March 2018 and expiring 14th November 2027. The current passing rent is £77,500 per annum exclusive and the lease incorporates an upward only rent review and a tenantâs option to break on the 15th November 2022.
Net income £77,500 per annum exclusive
Price Offers are invited in the region of £1M
A purchase at this level reflects a net initial yield of 7.33% assuming typical purchaser's costa of 5.75%.
The property is secured on a freehold basis under title DT344092.
44 - 50 Old Christchurch Road, Bournemouth, BH1 1LN
Type: Office, General Retail, Retail - High Street, Retail - Out of Town, Offices, Retail
44 - 50 Old Christchurch Road, 44 - 50 Old Christchurch Road, Bournemouth, BH1 1LNGBBournemouth, BournemouthHampshireBH1 1LN44-50, Old Christchurch Road
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
Forest Gate Business Park is a new development of business and office units, close to the centre of Ringwood. The development is accessed off the B3347 Christchurch Road which connects to the main A31 and the A338. The A31 connects to the M27/M3 motorway networks whilst the A338 leads to Salisbury.
Other occupiers of the Business Park include Lidl, Colten Care, Eberspacher and Comax.
The proposed four storey detached office building will be built in accordance with the following specification:-
• Brick outer, blockwork inner wall construction
• Smooth panel cladding to upper elevations
• Hipped roof
• Aluminium double glazed windows to external elevations
• Suspended ceilings
• Automated LED lighting
• 2 lifts
• Frameless glass balconies to 1st & 2nd floors
• Roof terrace on 3rd floor
• Carpet tiles
• Male and female WC’s
• Decorated with emulsion
• 46 allocated parking spaces
Measured on a gross internal basis:-
Ground Floor 4,618 sq ft 429 m2
First Floor 4,392 sq ft 408 m2
Second Floor 4,392 sq ft 408 m2
Third Floor 1,116 sq ft 103.7m2
Total gross internal area 14,518 sq ft 1,348.7m2
The property is available for sale Freehold with vacant possession or alternatively To Let by way of a new full repairing and insuring lease for a term to be agreed incorporating periodic upward only open market rent reviews.
To be assessed on completion.
New detached office building to be constructed in Ferndown, Forest Gate Business Park – 14,518 sq ft
Type: Office, Offices
35 Richmond Hill, BH2 6HTGBBournemouthDorsetBH2 6HT35, Richmond Hill
The property is situated in a highly prominent corner location at the junction of Wolverton Road and Christchurch Road on this busy main arterial route and opposite Woodland Walk.
There are a good mix of established retailers, professional office occupiers and cafes/restaurants together with leisure users within the immediate vicinity and the DWP development adjacent is now almost fully let.
The unit is on a main bus route.
The unit provides a gross internal floor area of approximately 3,500 sq ft and has an impressive overall street frontage of approx. 145’.
The accommodation is currently cellular, by way of stud partitioning but could be altered to be virtually open plan.
See attached floor plan (area edged red).
A minimum of 5 on site surface car spaces are to be included.
Means of disposal
Our clients will consider either a Freehold Disposal, Offers Invited over £400,000
To Let on a new full repairing and insuring lease at a commencing rent of £40,000 per annum exclusive, further terms by negotiation.