Bournemouth is a large and affluent coastal town in the county of Dorset some 5 miles east of Poole and 33 miles south-west of Southampton. The property is prominently located in a town centre position on the north side of the prime pedestrianised Old Christchurch Road, close to a multi-storey car park providing parking for approximately 935 cars. Other nearby occupiers include Costa Coffee, Caffè Nero, TK Maxx, Greggs, Superdry, Mango, Toni & Guy, Wilko and Halifax, HSBC, TSB and Lloyds banks.
Tenure
Freehold.
Location
Miles
5 miles east of Poole, 33 miles south-west of Southampton, 40 miles south-west of Winchester
Bournemouth is a large and affluent coastal town in the county of Dorset some 5 miles east of Poole and 33 miles south-west of Southampton. The property is prominently located in a town centre position on the north side of the prime pedestrianised Old Christchurch Road, close to a multi-storey car park providing parking for approximately 935 cars. Other nearby occupiers include Costa Coffee, Caffè Nero, TK Maxx, Greggs, Superdry, Mango, Toni & Guy, Wilko and Halifax, HSBC, TSB and Lloyds banks.
Tenure
Freehold.
Description
The property comprises two ground floor retail units trading as a currency exchange and a men’s hairdressing business with a basement tanning salon extending below both units. The first, second, third and fourth floors comprise 5 residential flats.
VAT
VAT is not 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 two ground floor retail units trading as a currency exchange and a men’s hairdressing business with a basement tanning salon extending below both units. The first, second, third and fourth floors comprise 5 residential flats.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
(1) Bond’s is a flagship barber shop headed up by the country’s first qualified master barber (Source: www.bondsbarbershop.co.uk 03/01/2019). The tenant did NOT exercise their March 2017 break option and has extended the lease. They have refurbished the basement in which they now operate a tanning salon. (2) The original lease term was 6 years from 25th March 2014. This has been extended to expire in 2028. The lease provides for a tenant option to determine in March 2024. (3) Kanoo Travel Limited is 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. Kanoo also operates in 16 cities [in the UK] on the high street offering foreign exchange services (Source: www.kanootravel.co.uk 21/01/2019). (4) The rent reserved under the terms of the lease is £27,518.75 pa, so long as the lease is vested in Kanoo Travel Limited, otherwise the rent reserved is £29,750 pa.
