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Bournemouth town centre - Retail Investment

For sale: POA|1427 Sq Ft|Retail - High Street, Retail

PROPERTY DETAILS

FOR SALEPOA
SIZE1427 Sq Ft
ADDRESS91 Old Christchurch Road, BH1 1EP
TYPERetail - High Street, Retail
TENUREFor Sale Leasehold
POSTED ON19th September 2018

DESCRIPTION

6378

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

£540,000

Reflects an 8.4% yield (after 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.

LOCATION

Location: 91 Old Christchurch Road, BH1 1EP

Bournemouth (0.6 miles)

Branksome (2.0 miles)

Pokesdown (2.2 miles)

AGENT'S DETAILS

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