95 Old Christchurch Road
Bournemouth
Dorset
BH1 1EP

Freehold Retail and Residential Investment

  • Two let retail units on a prime pedestrianised pitch in an affluent coastal town
  • Let until 2024 and 2028 (recently extended lease)
  • Nearby to large 935 space multi-storey car park
  • Neighbouring occupiers include Costa Coffee, Caffè Nero, TK Maxx, Greggs, Superdry, Mango, Toni & Guy, Wilko and Halifax, HSBC, TSB and Lloyds banks
  • Lot
    36
  • Auction
    14/Feb/2019
  • 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    Withdrawn Post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 Auction & Property Update
  • 95 Old Christchurch Road<br>Bournemouth<br>Dorset<br>BH1 1EP
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
5 miles east of Poole, 33 miles south-west of Southampton, 40 miles south-west of Winchester
Roads
A338, A31, M27, M3
Rail
Bournemouth Train Station
Air
Bournemouth Airport, Southampton Airport, Bristol Airport
Situation

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.

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews/
(Reversion)
95
95
Ground
Basement
Retail
Retail
41.90 sq m
57.20 sq m
(451 sq ft)
(615 sq ft)
INDIVIDUALS
t/a Bond’s
Gentleman’s
Barbershop (1)
25/03/2014
until
25/03/2028
(2)
£17,00025/03/2022
and
25/03/2025
(25/03/2028)
95aGroundRetail51.10 sq m(550 sq ft)KANOO TRAVEL
LIMITED t/a Kanoo
Foreign Exchange (3)
10 years
from
25/12/2014
£27,518.75
(4)
25/12/2019
(24/12/2024)
Flat 1, 2,
3, 4 & 5
First,
Second,
Third & Fourth
Residential
Five Flats
OLD
CHRISTCHURCH
ROAD LLP
999 years
from
25/12/2002
Peppercorn(24/12/3001)
Total Commercial Area
150.20 sq m
(1,616 sq ft)
  £44,518.75 

(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.

Property Documents

  • Site Plan
    Updated Date
    22.01.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    22.01.19
    File Size
    792 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 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 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Sparrow & Trieu 76 Shaftesbury Avenue, London W1D 6ND
Vicky Giles 44 (0)20 7287 6608mail@sparrowandtrieu.plus.com

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now