95 Old Christchurch Road
Bournemouth
Dorset
BH1 1EP

Freehold Retail and Residential Investment

  • Two let retail units on Bournemouth's prime pedestrianised pitch
  • 95a is let to Kanoo Travel Limited until 2024 (no breaks)
  • Adjacent to Dalkeith Shopping Arcade and multistorey car park
  • Nearby occupiers include Card Factory, Boots and Santander
  • Lot
    30
  • Auction
    13/Jul/2017
  • Rent
    £44,518 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 95 Old Christchurch Road<br>Bournemouth<br>Dorset<br>BH1 1EP
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Property Information

Location
Miles
33 miles south-west of Southampton, 28 miles south of Salisbury, 40 miles south-west of Winchester
Roads
A338, A35, A31, M27, M3
Rail
Bournemouth Rail
Air
Bournemouth Airport
Situation

The property is located on the northern side of Old Christchurch Road on Bournemouth's prime pedestrianised retailing pitch. Adjacent to the property is Dalkeith Arcade, which houses Lidl, Wilko and a multi-storey car park providing parking for approximately 935 cars. Other nearby occupiers include Card Factory, Boots, Toni & Guy and Santander.

Tenure

Freehold.

Description

The property comprises two ground floor retail units with basement ancillary accommodation below unit 95. The first, second, third and fourth floors comprise 5 residential flats, which have been let on a long lease.

VAT

VAT is not applicable to this lot.

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 advisable. For more information, please click here.

Tenancy & Accomodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
95Ground
Basement
Retail
Ancillary
41.9 sq m
57.2 sq m
(451 sq ft)
(615 sq ft)
INDIVIDUALS t/a
Bond’s Gentleman’s
Barbershop (1)
6 years from
25/03/2014
£17,000(24/03/2020)
95aGroundRetail
51.1 sq m
(550 sq ft)
KANOO TRAVEL
LIMITED t/a Kanoo
Foreign Exchange (2)
10 years
from
25/12/2014
£27,518.7525/12/2019
(24/12/2024)
First,
Second,
Third &
Fourth
 Residential
Five Flats
OLD CHURCH ROAD
LLP
999 years
from
25/12/2002
Peppercorn(24/12/3001)
Total Commercial Area: 
150.2 sq m
(1,616 sq ft)
  £44,518.75 

(1) Bonds is a flagship barber shop headed up the country's first qualified master barber. (Source: bondsbarbershop.co.uk 12/06/2017). The tenant did NOT exercise their March 2017 break option.
(2) For the year ending 31st December 2015, Kanoo Travel Limited reported a turnover of £6,680,462, pre-tax profits of £26,147 and atotal net worth of £2,607,596 (Source: Experian Group Date 12/06/2017). An American Express franchise partner, the family owned Kanoo Travel Group is the largest travel company in the Middle East, with a team of travel specialists in over 180 offices in the region and over 200 offices worldwide. In Europe, Kanoo also operate a High Street Foreign Exchange business, with branches in most major cities in the UK (Source: www.kanootravel.co.uk 12/06/2017).

Property Documents

  • Site Plan
    Updated Date
    21.06.17
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    21.06.17
    File Size
    889 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Sparrow & Trieu 76 Shaftesbury Avenue
London
W1D 6ND
Therese Trieu 0207 287 6608mail@sparrowandtrieu.plus.com

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