BH2 Leisure Commercial property - Unit UG5, Exeter Crescent, Bournemouth
|Property Term:||per annum exclusive|
Bournemouth is one of the UK’s premier seaside resorts and is a thriving tourist destination. Bournemouth also benefits from a substantial and growing student population with over 20,000 students attending the university.
Bournemouth has seen substantial inward investment recently and this includes two newly constructed Hilton Hotels both of which are located opposite the BH2 Leisure Complex.
The BH2 leisure scheme is located in the heart of the town close to the prime retail zone and adjoining the Lower Gardens which link to the nearby sea front.
The leisure complex comprises 115,000 sq ft (10,683 sq m) of retail and leisure space arranged over 5 levels.
Anchored by a 10 screen, 2,000 seat Odeon multiplex cinema and 17 family orientated branded restaurants.
These include Chiquito, Prezzo, Pizza Express and Nando’s alongside many others.
The premises were fitted out during the summer of 2018 and includes contemporary full height glazed shopfront with tinted glass and has double entrance doors. The unit has been fitted to a high standard and the features include:
♦ Air Conditioning
♦ Wired fire alarm system
♦ Accessible WC
♦ Sprinkler system
♦ Burglar alarm
♦ Fibre internet
♦ Ceiling mounted cable trays
♦ Audio/video system featuring 9 screens
♦ Raised floor
The accommodation with approximate areas is as follows:
Double fronted Unit
Internal Width (max 28’6” ( 8.69m)
Internal Depth (max) 54’4” (16.56m)
Gross Internal Area 1,011 sq ft (93.95 sq m)
Ancillary storage space above store and WC
Outside: Rear loading via loading bay and goods lift
The premises are held on the residue of a full repairing and insuring lease for a term of 10 years commencing 24 June 2018.
The current rent is £34,000 per annum exclusive and the lease provides for a single rent review on 24 June 2023.
The tenant has an option to break the lease on 24 June 2023 subject to giving the landlords not less than six months prior written notice.
We understand that a rent deposit equivalent to six months rent is held by the landlords.
The tenant is liable for a service charge in respect of repair, maintenance, cleaning, lighting and heating etc of the common areas together with the promotion of the BH2 complex. The ‘on-account’ service charge is currently levied at £1,808 plus VAT per quarter.
Offers are invited for the leasehold interest together with fixtures, fittings and equipment as may be required
BUSINESS RATES (source: www.voa.gov.uk)
Rateable Value - £45,250.
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.