Retail Investment Bournemouth - 91 Old Christchurch Road
Bournemouth Town Centre Retail Investment
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.
Sales Area 934 sq ft
Basement 493 sq ft
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
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.
The property is offered by way of a new 999 year lease at a peppercorn rent.
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.