Let to MIND (The National Association for Mental Health) until 2025 on a reversionary lease (no breaks)
Prime retail location on Wimborne Road
Includes a yard at the rear with parking for three cars
Neighbouring occupiers include Waitrose, WH Smith, Boots, Greggs, Lidl, Halifax and Poundland
Lot 1
Auction 26th March 2020
Rent £19,500 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
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
The property is prominently located in a prime retail area on the east side of Wimborne Road, approximately 2 miles north of Bournemouth town centre. Neighbouring occupiers include Waitrose, WH Smith, Boots, Greggs, Lidl, Halifax and Poundland.
Tenure
Freehold.
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
The property is prominently located in a prime retail area on the east side of Wimborne Road, approximately 2 miles north of Bournemouth town centre. Neighbouring occupiers include Waitrose, WH Smith, Boots, Greggs, Lidl, Halifax and Poundland.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with a former flat on the first floor currently used as storage. The property benefits from a yard at the rear with parking for three cars.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C. See legal pack at acuitus.co.uk.
Description
The property comprises ground floor retail accommodation with a former flat on the first floor currently used as storage. The property benefits from a yard at the rear with parking for three cars.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C. See legal pack at acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First
Retail Storage
64.4 sq m 35.30 sq m
(693 sq ft) (380 sq ft)
MIND (THE NATIONAL ASSOCIATION FOR MENTAL HEALTH)
5 years from 24/06/2020 on a reversionary full repairing and insuring lease
£19,500
23/06/2025
Total
99.70 sq m
(1,073 sq ft)
£19,500
(1) For the year ending 31st March 2019, Mind (The National Association for Mental Health) reported a pre-tax profit of £1,315,000 and a total net worth of £19,287,000 (Source: Experian Group 14/02/2020).
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
