2 Yelverton Road, 1 Granville Place & 1 Dorchester Chambers Bournemouth BH11DF

2 Yelverton Road, 1 Granville Place & 1 Dorchester Chambers
Bournemouth
BH11DF

Freehold Retail, Office and Residential Investment

Tenants include Indulge Yourself Limited t/a Indulge Yourself Café
Town centre location just off Christchurch Road
Close to Dalkeith Arcade and St Peter’s Quarter
Nearby occupiers include Barclays Bank, HSBC, Claire’s Accessories and Carphone Warehouse
Rent subject to note 2

Lot
32
Auction
22nd May 2014
Rent
£34,800 per Annum Exclusive
Status
Sold
Price
£240,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail, Office and Residential Investment

Tenants include Indulge Yourself Limited t/a Indulge Yourself Café
Town centre location just off Christchurch Road
Close to Dalkeith Arcade and St Peter’s Quarter
Nearby occupiers include Barclays Bank, HSBC, Claire’s Accessories and Carphone Warehouse
Rent subject to note 2

Lot 32
Auction 22nd May 2014
Rent £34,800 per Annum Exclusive
Status Sold
Price £240,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 6 miles east of Poole, 27 miles south of Salisbury, 32 miles south-west of Southampton
Roads: A338, A347
Rail: Bournemouth Rail
Air: Bournemouth International

Situation

The property is situated on the northern side of Yelverton Road at its junction with both Verulam Place and Granville Place and just off Old Christchurch Road, one of Bournemouth’s main retailing thoroughfares.
The property is within close proximity of both Dalkeith Arcade and St Peter’s Quarter with other nearby occupiers including Barclays Bank, HSBC, Claire’s Accessories and Carphone Warehouse.

Tenure

Freehold.

Location

Miles: 6 miles east of Poole, 27 miles south of Salisbury, 32 miles south-west of Southampton
Roads: A338, A347
Rail: Bournemouth Rail
Air: Bournemouth International

Situation

Tenure

Freehold.

Description

The property comprises two ground floor retail units with an office unit on lower ground floor accessed from Yelverton Road and residential accommodation on upper floors.

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 two ground floor retail units with an office unit on lower ground floor accessed from Yelverton Road and residential accommodation on upper floors.

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)
2 Yelverton Road	Ground	Retail	117.38 sq m	(1,263 sq ft)	INDULGE YOURSELF LIMITED	10 years from 06/02/2013	£16,000 (1)	06/02/2018 (1)
2 Yelverton Road	Lower Ground	Office	94.50 sq m	(1,017 sq ft)	INDIVIDUALS	10 years from 22/07/2011	£15,000 (2)	22/07/2016
1 Granville Place	Ground	Retail	13.47 sq m	(145 sq ft)	INDIVIDUAL t/a Bourne Engraving	10 years from 24/06/2011	£3,750 (3)	24/06/2016 (3)
	First, Second and Third	Residential	Not Measured		LONG TERM REVERSIONS LIMITED	999 years from 26/09/1997	£50	(25/09/2996)
Totals			225.35 sq m	(2,425 sq ft)			£34,800 (2)

(1) The lease provides a fixed rental uplift to £17,600 p.a.x. on 6th February 2018.
(2)For the purposes of clarification, please note that the tenant is currently paying a rent of £7,500 per annum by way of a rental concession. This rental concession is due to expire on 24th June 2014.
(3)The lease provides a fixed rental uplift to £4,450 p.a.x. 24th June 2016.