Shop for sale

Freehold Retail Investment Let to Barclays Bank Plc at 53, Southbourne Grove, West Southbourne, Bournemouth, BH6 3RL

Offers in Excess of 2,514 sq. ft. | £525,000

Property Description

Commercial information

  • Business for sale
  • 2,514 sq ft (233 sq m)

Key features

  • Freehold Bank Investment
  • Let to Barclays Plc on a New 20 year lease until 2027 ( Subject to Option)
  • Nearby occupiers include NatWest.
  • Prominent Town Centre Location.
  • The tenant is no longer in occupation
  • SPV Available

Full description

Tenure: Freehold

ADDRESS: 53, Southbourne Grove, West Southbourne, Bournemouth, BH6 3RL
¿ Freehold Bank Investment
¿ Let to Barclays Plc on a New 20 year lease until 2027 ( Subject to Option) - The tenant is no longer in occupation ¿ Prominent Town Centre Location.
¿ SPV Available.
¿ Nearby occupiers include NatWest.
LOCATION
Southbourne is a residential suburb located on the eastern side of Bournemouth conurbation, approximately 3 miles east of the town centre and 2 miles west of Christchurch. Southampton is some 20 miles to the north ¿ east and Salisbury 24 miles to the north.
SITUATION
The property is situated on a well established shopping thoroughfare in a prominent corner position at the junction of Southbourne Grove and Grand Avenue. Nearby occupiers include NatWest.
DESCRIPTION
The property comprises a ground floor banking hall with basement storage and office accommodation on part first and second floors. In addition there are two self ¿ contained residential flats on part first and second floors. The property also benefits from on ¿site car parking spaces to the rear.
ACCOMMODATION
Basement: 332 Sq. Ft., Ground Floor: 1,546 Sq. Ft., First Floor: 346 Sq. Ft., Second Floor: 290 Sq. Ft., Total: 2,514 Sq. Ft.
TENANCY
The commercial accommodation is let to Barclays Bank Plc for a term of 20 years from 7 December 2006 on a full repairing and insuring lease subject to a Schedule of Condition. The tenant has an option to determine the lease at the end of the 15th year of the term. The residential accommodation on part first and second floors have been let for a term of 125 years from 2004 until September 2129 at a peppercorn rent. The commercial lease contains rent review provisions on 5 yearly basis. The tenant is no longer in occupation
RENT: £ 21,200 p.a. TENURE: Freehold VAT IS: Not Applicable
PRICE: Offers in excess of £ 525,000 ¿ 4% Net

More information from this agent

Nearest stations

  • Pokesdown (1.0 mi)
  • Christchurch (1.3 mi)
  • Bournemouth (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Pokesdown (1.0 mi)
  • Christchurch (1.3 mi)
  • Bournemouth (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 6067. 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 Suttons, London. 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.

Map data ©OpenStreetMap contributors.