Royal Arcade, Boscombe, Bournemouth BH1 4BT, Royal Arcade, Boscombe, Bournemouth BH1 4BT

Guide price

£2,000,000

Size

23,500

Tenure

Freehold

EPC

Parking

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Primary use
Shopping centre
Frontage
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No floor / site plan

Key features

  • Planning & Listed Building Consent secured for a 33-unit residential scheme.
  • Most residential units already formed from former residential accommodation.
  • Including one, two and three-bed apartments & apartments in excess of 100 sq m.
  • VAT is not applicable
  • Attractive Virtual Freehold Development Opportunity
  • Approx 2,183 sq m (23,500 sq ft) across upper parts of historic Royal Arcade.
  • Six office suites approx 306 sq m (3,294 sq ft) potential for alternative use
  • Located within Bournemouth town centre, immediately above the Royal Arcade
  • 6 Week Completion Available
  • Vacant

Description

The property comprises part ground and extensive upper floor accommodation within the historic Royal Arcade, extending to approximately 2,189 sq m (23,562 sq ft) and benefitting from Planning Permission and Listed Building Consent for conversion and refurbishment to provide a 33-unit residential scheme together with six office suites.

A residential scheme has been drawn up which illustrates the potential to create a substantial number of residential units above and/or behind the commercial accommodation, subject to the necessary consents.

The property comprises the extensive upper floors of the historic Royal Arcade in the heart of Bournemouth town centre, presenting a rare opportunity to deliver a substantial residential-led refurbishment and conversion project with the planning position already established.

The accommodation extends to approximately 2,183 sq m (23,500 sq ft) and benefits from Planning Permission and Listed Building Consent for the creation of a 33-unit residential scheme comprising a mix of one, two and three-bedroom apartments. Significantly, a substantial proportion of the accommodation already benefited from established residential use and consent, with further planning permissions subsequently secured for the additional units required to complete the approved scheme.

The majority of the proposed apartments are already physically formed within the existing building configuration, having been historically occupied as residential accommodation. Numerous units retain substantial masonry divisions and existing layouts, with drainage infrastructure remaining at former residential locations, albeit purchasers should rely on their own investigations regarding condition and suitability.

The approved scheme provides an attractive mix of accommodation, including numerous duplex apartments together with a number of generously proportioned two and three-bedroom units, several extending to in excess of 100 sq m. In addition, the property includes six office suites extending to approximately 306 sq m (3,294 sq ft), offering future asset management and potential development opportunities, subject to obtaining any necessary consents.

Extensive sound testing has already been undertaken and a priced schedule of works has been prepared, providing purchasers with a significant body of due diligence information.

Estimated Rental Values- Residential and office rental appraisal indicating an aggregate estimated rental value of approximately £495,660 per annum. Interested parties should rely on their own enquiries.

The property occupies a prominent position within the Royal Arcade, a landmark Victorian shopping arcade situated in the heart of Boscombe town centre, to the east of Bournemouth. Boscombe is a well‑established and vibrant commercial centre, benefiting from a strong mix of independent retailers, national occupiers, leisure uses and regular street markets.

Transport

Bus - The property is well served by frequent bus services operating along Christchurch Road and Palmerston Road, providing regular links to Bournemouth town centre, Poole, Christchurch and the wider conurbation.

Rail - Pokesdown railway station is located approximately 1 mile to the north east and provides direct mainline services to London Waterloo, with journey times of around two hours.

Road - Bournemouth town centre lies approximately 2 miles to the west and can be reached quickly by bus or taxi. The A35 and A338 provide convenient road access to the regional road network, connecting to the A31 and M27.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Energy performance certificate: A

An Energy Performance certificate helps you understand the current energy efficiency of a property.

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Environmental data
BREEAM rating

Unclassified

Environmental description
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Read more about energy considerations for commercial property

Brochure

Royal Arcade, Boscombe, Bournemouth BH1 4BT, Royal Arcade, Boscombe, Bournemouth BH1 4BT

NEAREST STATIONS

National Rail

Pokesdown Station

0.74 miles

National Rail

Bournemouth Station

1.03 miles

National Rail

Christchurch Station

2.56 miles

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Disclaimer - Property reference 4C2C7EF2-DE1E-4BEB-B6AD-65F496F090D9. 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 Savills National , Savills Auctions- Commercial. 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.