5 6 Adastral Square, Canford Heath, Poole, BH17 8SA
Size
1,638
Tenure
Leasehold
EPC
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Parking
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- Primary use
- Mixed use
- Other use(s)
- Other, High street retail
No floor / site plan
Key features
- Double-fronted Convenience Store Investment
- Established neighbourhood shopping centre within Canford Heath
- Large free customer car park serving the parade
- Nearby occupiers include Iceland and Established Local Businesses
- Total income £28,337 pa rising to £31,255 pa following the fixed increase in May 2027
- Excpetional Gross Initial Yield of 9.5% rising to 10.42% in 2027.
Description
The property comprises a well-proportioned, double-fronted unit benefiting from a three-phase electrical supply, air-conditioning and rear storage areas. The unit also benefits from a large car park which is available for all customers visiting Adastral Square.
GF Retail (1,638 sf) at #5&6, let on a single (FRI) lease to Alliance Property Holdings Limited (t/a Morrisons) until 20th May 2032. The rent of £28,037 pa is subject to a fixed increase to £30,955 in May 2027.
1/2F Maisonette at #5a, let on a single (FRI) lease to a private individual until 3rd March 2130. The rent of £150 pa increases in 2030 to £300 pa and then again to £600 in 2055.
1/2F Maisonette at #6a, let on a single (FRI) lease to a private individual until 31st March 2130. The rent of £150 pa increases in 2030 to £300 pa and then again to £600 in 2055.
PURCHASERS NOTE: Meridian CP have been instructed by the sellers to charge a 2% plus VAT acquisition fee to the buyer of this property, payable upon completion.
Location
The property is located within Adastral Square, one of two neighbourhood shopping centres within Canford Heath, Poole. Canford Heath has a population of approximately 14,500 people alone, and the centre no doubt attracts shoppers from the wider area due to the free parking on site.
Nearby occupiers include, Iceland, Post Office, estate agents, Tanning Salon, Tattoo Studio, Arts and Crafts, Café and takeaways.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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- Tenure
- Leasehold
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5 6 Adastral Square, Canford Heath, Poole, BH17 8SA
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Disclaimer - Property reference 399907-1. 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 MERIDIAN CP, 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.