Retail Investment Bournemouth - 91 Old Christchurch Road

Overview

Reference: 6378/SGC
Price: £ 565,000
Term: For Sale
Type: Investment
Contract: For Sale
Location: Bournemouth
Area: 1427ft2
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Bournemouth Town Centre Retail Investment

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 UK’s 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.

Map


Property Misdescription Act and Misrepresentation Act: These particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. Nettleship Sawyer cannot guarantee the accuracy of any description, dimension, references to condition, necessary permissions for use and occupation and other details contained herein and the prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy. No employee of Nettleship Sawyer has any authority to make or give any representations or warranty or enter into any contract whatever in relation to the property. Rents or prices quoted in these particulars may in addition be subject to VAT. Nettleship Sawyer will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.