Retail Property (high street) for sale

91 Old Christchurch Road, Bournemouth, Dorset, BH1 1EP

£565,000

Property Description

Commercial information

  • Use class orders: A1 Shops

Key features

  • Town Centre Retail Investment
  • Near Prime Trading location
  • Tenants have occupied shop for over 20 years

Full description

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 UKs 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.


More information from this agent

Nearest stations

  • Bournemouth (0.6 mi)
  • Branksome (2.0 mi)
  • Pokesdown (2.3 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest stations

  • Bournemouth (0.6 mi)
  • Branksome (2.0 mi)
  • Pokesdown (2.3 mi)
Distances are straight line measurements from centre of postcode

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