357 Wimborne Road Winton Bournemouth BH9 2AD

357 Wimborne Road
Winton
Bournemouth
BH9 2AD

Freehold Retail Investment

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
9
Auction
21st May 2020
Rent
£19,500 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

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 9
Auction 21st May 2020
Rent £19,500 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

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

Tenure

Freehold.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack at acuitus.co.uk.

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 (2)	23/06/2025
Total		99.70 sq m	(1,073 sq ft)			£19,500 (2)

(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).
(2) The tenant is currently paying the rent monthly.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.