58-59 Westover Road, Bournemouth, Dorset BH1 2BZ
Size
2,215
Tenure
Freehold
EPC
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Parking
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- Primary use
- Restaurant
No floor / site plan
Key features
- Rental Income: £75,000 p.a.
- Gross Initial Yield: 7.69%
- Comprises upper ground floor restaurant premises t/a Prezzo
- Let until December 2039. No breaks. Rent reviews in 2029 and 2034.
- Benefits from large glass frontage and external terrace with sea views
- VAT is applicable to this property. TOGC available.
Description
Gross Initial Yield: 7.69%
Rental Income: £75,000 p.a.
VAT is applicable to this property. TOGC available.
Let until December 2039. No breaks. Rent reviews in 2029 and 2034.
Comprises upper ground floor restaurant premises t/a Prezzo
Benefits from large glass frontage and external terrace with sea views
Prime leisure location between the town centre and the seafront less than 100m from three major council car parks providing a total of over 450 parking spaces
Nearby occupiers include Nando's, Pizza Express, Five Guys, Starbucks and more.
Property Description:
Comprises an upper ground floor restaurant that benefits from an outdoor seating area and a lift, providing the following accommodation and dimensions:
Upper Ground Floor: 205.76 sq m (2,215 sq ft)
Open plan restaurant, bar, kitchen, staff rooms, storage, wc
Tenancy:
The property is at present let to Prezzo Trading Limited for a term of 25 years from 4th December 2014 at a current rent of £75,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 04.12.29 and 04.12.34 open market upward only. No breaks. Lease within Landlord & Tenant Act 1954.
Tenure:
Virtual freehold. Held on a 999 Year lease from 25th December 2001 at a fixed ground rent of £1 p.a.
Location:
The property is situated in a prominent corner location on the northern side of the prestigious Westover Road, just off Bath Road (A3066) which is the main road into Bournemouth town centre. The property lies in a prime leisure location between the town centre and the seafront less than 100 metres from three major council car parks providing a total of over 450 parking spaces. Nearby occupiers include Nando's, PizzaExpress, Five Guys, Starbucks, Wagamama and Turtle Bay.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
58-59 Westover Road, Bournemouth, Dorset BH1 2BZ
About BLUE ALPINE PARTNERS LIMITED, London
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.
We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.
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Disclaimer - Property reference 5859WestoverRoad. 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 BLUE ALPINE PARTNERS LIMITED, 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.