Westbourne Court, 92-96 Poole Road Westbourne Bournemouth Dorset BH4 9EF

Westbourne Court, 92-96 Poole Road
Westbourne
Bournemouth
Dorset
BH4 9EF

Freehold Retail and Residential Investment

  • Comprises 4 x ground floor retail units with 14 self-contained residential flats
  • In the same ownership for 32 years
  • Affluent and Popular Bournemouth suburb
  • Neighbouring occupiers include Marks & Spencer, Bang & Olufsen, Boots the Chemist, Starbucks and Pizza Express
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    7
  • Auction
    10th December 2015
  • Rent
    £82,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,026,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • Comprises 4 x ground floor retail units with 14 self-contained residential flats
  • In the same ownership for 32 years
  • Affluent and Popular Bournemouth suburb
  • Neighbouring occupiers include Marks & Spencer, Bang & Olufsen, Boots the Chemist, Starbucks and Pizza Express
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 7
  • Auction 10th December 2015
  • Rent
  • Status Sold
  • Price £1,026,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
5 miles east of Poole
7 miles west of Christchurch
34 miles south-west of Southampton
Roads
A31, A35, A338, M27
Rail
Bournemouth Railway Station
Air
Bournemouth Airport
Situation

Westbourne is an affluent and popular suburb some 1 mile west of Bournemouth town centre.The property is situated in a prime position on the north side of Poole Road, Westbourne’s main retailing pitch. Neighbouring occupiers include Marks & Spencer, Bang & Olufsen, Boots the Chemist, Starbucks and Pizza Express. Also nearby are the substantial offices of Liverpool Victoria and Barclays Wealth & Investment Management. The property further benefits from a large public car park to the rear of the property.

Tenure

Freehold.

Location
Miles
5 miles east of Poole
7 miles west of Christchurch
34 miles south-west of Southampton
Roads
A31, A35, A338, M27
Rail
Bournemouth Railway Station
Air
Bournemouth Airport
Situation

Westbourne is an affluent and popular suburb some 1 mile west of Bournemouth town centre.The property is situated in a prime position on the north side of Poole Road, Westbourne’s main retailing pitch. Neighbouring occupiers include Marks & Spencer, Bang & Olufsen, Boots the Chemist, Starbucks and Pizza Express. Also nearby are the substantial offices of Liverpool Victoria and Barclays Wealth & Investment Management. The property further benefits from a large public car park to the rear of the property.

Tenure

Freehold.

Description

The property comprises of 4 ground floor retail units with 14 self-contained residential flats on the first to fourth floors.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises of 4 ground floor retail units with 14 self-contained residential flats on the first to fourth floors.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Review/
(Reversion)
92 Ground
Basement
Retail/
Ancillary
61.10 sq m
29.80 sq m
(658 sq ft)
(321 sq ft)
AGE UK (1) 15 years from 25/12/2014 (2) £20,500 25/12/2019
(24/12/2029)
94 Ground
Basement
Retail/
Ancillary
73.06 sq m
31.85 sq m
(786 sq ft)
(343 sq ft)
INDIVIDUALS (t/a
L&R Shoe Repairs)
10 years from 06/08/2013 (3) £20,500 06/08/2018
(05/08/2023)
94A Ground
Basement
Retail
Ancillary
80.70 sq m
40.90 sq m
(869 sq ft)
(440 sq ft)
A-ONE INSURANCE
SERVICES (BMTH)
LIMITED (4)
10 years from 12/09/2014 (5) £22,500 12/09/2019
(11/09/2024)
96 Ground
Basement
Retail
Ancillary
68.10 sq m
31.20 sq m
(733 sq ft)
(336 sq ft)
HOUSE OF DE
PARYS LIMITED (t/a
De Parys)
20 years from 25/12/1997 (6) £18,500 (24/12/2017)
Westbourne
Court
First to Fourth Residential
WESTBOURNE
COURT LIMITED
999 years from 24/06/1996 One
Peppercorn
 
Totals    
416.71 sq m
(4,486 sq ft)
    £82,000  

(1) Age UK is a registered charity with approximately 450 shops throughout the UK (Source: www.ageuk.org.uk). For the year ending 31/03/2015, Age UK reported pre-tax profits of £2,074,000 and a total net worth of £29,719,000. (Source: www.riskdisk.com 03/11/2015)
(2) The lease to Age UK provides for a tenant option to determine the lease on 25/12/2019 and 25/12/2024.
(3) The lease provides for a tenant option to determine the lease on 06/08/2018. The tenant pays the rent monthly.
(4) Incorporated in 1997, the A-One Insurance Group stands as one of the premier broking houses in Dorset with 7 offices located around the country and over 80 employees (Source: www.aoig.co.uk).
(5) The lease to A-One Insurance Services (BMTH) Limited provides for a tenant option to determine the lease on 11/09/2019.
(6) As to unit 96 Poole Road, the tenant pays the rent monthly.

Property Documents

  • Catalogue Page
    Updated Date
    17.11.15
    File Size
    874 KB
    View PDF
  • Site Plan
    Updated Date
    17.11.15
    File Size
    118 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Associate Auctioneers
Hempton Franks Hayes Barn, Grove Road
Lymington
SO41 3RN
John Hempton +44 (0)1794 516 260jjh@hemptonfranks.co.uk
Seller's Solicitors
Ingram Winter Green LLP Bedford House, 21A John Street
London
WC1N 2BF
Martyn Emmens 0207 845 7400martynemmens@iwg.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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