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
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.
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.
Contacts
Seller's Solicitors
Ingram Winter Green LLP Bedford House, 21A John Street London WC1N 2BL
