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Units 31 and 32 Churchill Business Park, Provence Drive, Poole, BH11 9GA

£950,000

£210.55 per sq ft

Business rates & charges may apply

Vail Williams, Bournemouth
SIZE AVAILABLE

4,512 sq ft

419 sq m

SECTOR

Warehouse for sale

Key features

  • Let to BBL Gym Ltd
  • Rental income of £53,000 per annum exclusive
  • Net initial yield of 5.28% assuming purchasers cost of 5.69%
  • Upward only open market rent reviews at Yrs 3 & 6
  • 10 year FRI lease from 20th March 2024 with break option upon 5th anniversary
  • VAT elected

Description

Description
The premises comprises two brand new units which have been built in accordance with the following brief specification :

- Brick outer, blockwork inner wall construction
- Steel portal frame
- Steel cladding to upper elevations
- Internal eaves height of 6.27m
- Concrete floor
- Timber decked steel framed mezzanine
- LED lighting and 3 Phase electricity
- Electric roller shutter door
- Unisex disabled W.C.
- Allocated parking with 1 x electric car charging point per unit
- Roof top PV panels

Viewings
Strictly by appointment through the sole agent.

Location
Churchill Business Park is located approximately 3 miles from the A31 and is accessed from Provence Drive via the A341 Magna Road, which connects to the A349. The A349 leads to the A31 which provides connections to the M27 and M3 to the northeast and the A35 to the west.

Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction.

VAT
The premises is elected for VAT and it is anticipated that the sale will be dealt with as a transfer of a going concern.

AML
In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the tenant and any beneficial owner together with evidence/proof identifying the source of funds being relied upon to complete the transaction.

Tenancy
The premises are let to BBL Gym Ltd (Company no: 15213152) on a 10 year FRI lease granted inside the Landlord & Tenant Act 1954 from 20th March 2024 with a tenant only break option upon the 5th anniversary of the term. The rent commencement date is 20th September 2024. There are upward only open market rent reviews on the 3rd and 6th anniversaries. The tenant has paid a 6 months rent deposit.

Tenure
For Sale virtual freehold; a 999 year lease subject to a peppercorn rental and the benefit of the occupational lease.

Brochures

Units 31 and 32 Churchill Business Park, Provence Drive, Poole, BH11 9GA

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Branksome Station3.0 miles
  • Parkstone Station3.2 miles
  • Poole Station3.9 miles

About Vail Williams, Bournemouth

Everdene House Deansleigh Road Bournemouth BH7 7DU

Vail Williams, Bournemouth

Clients value the way we work.

Whilst our expertise lies in commercial property advice, we are extremely commercially-minded, always absorbing ourselves in your world and seeing the issues from the perspective of your business. We recognise that to you the commercial outcomes are paramount. We focus on this, actively looking for commercially advantageous opportunities to deliver the maximum value in our service.

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Notes

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Disclaimer - Property reference 199301-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Vail Williams, Bournemouth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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