617 - 623 Christchurch Lane Boscombe BH1 4AP

617 - 623 Christchurch Lane
Boscombe
BH1 4AP

Freehold Retail Parade Investment

  • Tenants include Sportswift t/a Card Factory, Age Concern and Greggs Plc
  • Prominent town centre location
  • Redevelopment Potential (subject to consents)
  • Directly opposite the main entrance to the 50+ unit Sovereign Shopping Centre
  • Neighbouring occupiers include WH Smith, Primark, Sainsbury’s, Santander and NatWest
  • Lot
    57
  • Auction
    7th December 2017
  • Rent
    £67,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £810,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Parade Investment

  • Tenants include Sportswift t/a Card Factory, Age Concern and Greggs Plc
  • Prominent town centre location
  • Redevelopment Potential (subject to consents)
  • Directly opposite the main entrance to the 50+ unit Sovereign Shopping Centre
  • Neighbouring occupiers include WH Smith, Primark, Sainsbury’s, Santander and NatWest
  • Lot 57
  • Auction 7th December 2017
  • Rent
  • Status Sold
  • Price £810,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
2.5 miles east of Bournemouth, 25 miles south-west of Southampton, 30 miles south-west of Winchester
Roads
A35, A338
Rail
Pokesdown Railway Station
Air
Bournemouth Airport
Situation

The property is situated on the south side of the pedestrianised part of Christchurch Road, within the heart of Boscombe’s retail district. The Sovereign Shopping Centre is located directly opposite the property, with occupiers including Boots, Poundland, JD Sports and Lidl. Other neighbouring occupiers include WH Smith, Primark, Sainsbury’s, Santander and NatWest.

Tenure

Freehold.

Location
Miles
2.5 miles east of Bournemouth, 25 miles south-west of Southampton, 30 miles south-west of Winchester
Roads
A35, A338
Rail
Pokesdown Railway Station
Air
Bournemouth Airport
Situation

The property is situated on the south side of the pedestrianised part of Christchurch Road, within the heart of Boscombe’s retail district. The Sovereign Shopping Centre is located directly opposite the property, with occupiers including Boots, Poundland, JD Sports and Lidl. Other neighbouring occupiers include WH Smith, Primark, Sainsbury’s, Santander and NatWest.

Tenure

Freehold.

Description

The property comprises a parade of four retail units and benefits from public car parks to the rear of the property accessed via Hawkwood Road. The property may be suitable for redevelopment of upper parts (subject to consents).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a parade of four retail units and benefits from public car parks to the rear of the property accessed via Hawkwood Road. The property may be suitable for redevelopment of upper parts (subject to consents).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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)
617 Ground Retail
82.91 sq m
(892 sq ft)
INCORPORATED
TRUSTEES OF
THE NATIONAL
COUNCIL ON
AGEING
t/a Age UK (1)
10 years from
09/08/2008
£19,500 (08/08/2018)
619 Ground Retail
82.71 sq m
(890 sq ft)
GREGGS PLC (2) 10 years from
25/12/2014 (4)
£14,500 25/12/2019
(24/12/2024)
621 Ground Retail
134.94 sq m
(1,452 sq ft)
SPORTSWIFT
LIMITED t/a Card
Factory (3)
5 years from
01/02/2014
£20,000 (31/01/2019)
623 Ground Retail
95.02 sq m
(1,023 sq ft)
ALDO GRILL LTD
with director
guarantees (5)
7 years from
23/06/2017
£13,000 22/06/2020
and
22/06/2023
(22/06/2024)
Totals  
395.58 sq m
(4,257 sq ft)
    £67,000  

(1) For the year ending 31st March 2016, Age UK reported a pre-tax profit of £4,256,000, a total net worth of £41,973,000 and a working capital of £8,612,000 (Source: Experian Group 9/11/2017).
(2) For the year ending 31st December 2016, Greggs Plc reported a turnover of £894,195,000, a pre-tax profit of £80,319,000 and a net worth of £250,406,000 (Source: Experian Group 8/11/2017).
(3) For the year ending 31st January 2017, Sportswift Limited reported a turnover of £379,540,000, a pre-tax profit of £81,718,000 and a net worth of £62,010,000 (Source: Experian Group 8/11/2017).
(4) As to unit 619, the lease provides for a tenant option to determine the lease on 25th December 2019.
(5) As to unit 623, the Seller holds a rent deposit of £4,550 including VAT.

Property Documents

  • Site Plan
    Updated Date
    28.10.19
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    28.10.19
    File Size
    2 MB
    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
Seller's Solicitors
Sintons Law Solicitors The Cube, Barrack Rd
Newcastle upon Tyne
NE4 6DB
Mark Dobbin 0191 226 7876Mark.dobbin@sintons.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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