The Burlington 72-76 Old Christchurch Road Bournemouth BH1 2HZ

The Burlington
72-76 Old Christchurch Road
Bournemouth
BH1 2HZ

  • The Burlington<br>72-76 Old Christchurch Road<br>Bournemouth<br>BH1 2HZ

Freehold Town Centre Retail Arcade and Office Investment

  • Substantial Retail Arcade of 10,226 sq ft over 12 units and 10,664 sq ft of Office Accommodation on the three upper floors totaling 20,890 sq ft
  • Basement car park providing 27 car spaces
  • Site Area of approximately 0.11 Hectares (0.27 Acres)
  • Excellent asset management opportunities and future development potential (subject to necessary consents)
  • Office accommodation currently 74% occupied with vacant car spaces available providing immediate asset management opportunities
  • Prominent Town Centre location, benefitting from frontages onto Old Christchurch Road and St. Peter's Road
  • Lot
    13
  • Auction
    12/Jul/2022
  • Rent
    £297,431 per Annum
    £236,444 (net rent)
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Shopping Centre
  • Auction Venue
    Live Streamed Auction
Important Update
  • 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. It benefits from an excellent seasonal tourist industry as well as an extensive student population. The property is prominently located in a town centre position on the south side of the prime pedestrianised Old Christchurch Road, south of the Richmond Gardens multi-storey car park providing parking for approximately 935 cars. The Arcade extends through to the road parallel, St Peter’s Road. Other nearby occupiers include Costa Coffee, Caffè Nero, TK Maxx, Greggs, Superdry, Mango, Toni & Guy, Wilko, 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
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. It benefits from an excellent seasonal tourist industry as well as an extensive student population. The property is prominently located in a town centre position on the south side of the prime pedestrianised Old Christchurch Road, south of the Richmond Gardens multi-storey car park providing parking for approximately 935 cars. The Arcade extends through to the road parallel, St Peter’s Road. Other nearby occupiers include Costa Coffee, Caffè Nero, TK Maxx, Greggs, Superdry, Mango, Toni & Guy, Wilko, Halifax, HSBC, TSB and Lloyds banks.

Tenure

Freehold.

Description

The property comprises a four storey mixed use building with retail accommodation to the ground floor made up of two large units fronting Old Christchurch Road with an internal arcade of smaller units behind which can also be accessed via St. Peter's Road. Tenants include Card Factory and Esquires Coffee with a mix of local retailers providing a current gross rent of £200,588 per annum. The upper floors provide office accommodation accessed from a central core where there is a lift and stairwell providing access to all floors. There are a series of local office occupiers on the upper parts producing a rent of £96,843 per annum. To the basement is a secure car park providing 27 car-parking spaces. There is a caretaker's flat on the third floor.

VAT

VAT is applicable to this lot.

Planning

The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents and current tenancies. There is a lapsed planning permission reference: 7-2016-1617-AY which provided consent for "Alterations and extensions to form 9 additional flats, formation of bin and cycle stores". Interested Parties are referred to Bournemouth, Poole and Christchurch Council - www.bcpcouncil.gov.uk Tel: 01202 123 321

Completion Period

6 week completion available.

EPC

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

Description

The property comprises a four storey mixed use building with retail accommodation to the ground floor made up of two large units fronting Old Christchurch Road with an internal arcade of smaller units behind which can also be accessed via St. Peter's Road. Tenants include Card Factory and Esquires Coffee with a mix of local retailers providing a current gross rent of £200,588 per annum. The upper floors provide office accommodation accessed from a central core where there is a lift and stairwell providing access to all floors. There are a series of local office occupiers on the upper parts producing a rent of £96,843 per annum. To the basement is a secure car park providing 27 car-parking spaces. There is a caretaker's flat on the third floor.

VAT

VAT is applicable to this lot.

Planning

The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents and current tenancies. There is a lapsed planning permission reference: 7-2016-1617-AY which provided consent for "Alterations and extensions to form 9 additional flats, formation of bin and cycle stores". Interested Parties are referred to Bournemouth, Poole and Christchurch Council - www.bcpcouncil.gov.uk Tel: 01202 123 321

Completion Period

6 week completion available.

EPC

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

Tenancy & Accommodation

Unit Floor Use Net Internal Floor Areas
Approx sq m
Net Internal Floor Areas
Approx sq ft
Description Rent p.a.x.
1, 2, 3, 4, 5, 7, 9, 10-12, 13, Arcade kiosk Ground Retail 580.34 (6,246) VARIOUS LEASES ON VARIOUS TERMS, FULL DETAILS AVAILABLE WITHIN THE LEGAL PACK
£200,588
6 Ground Retail 38.62 (415) VACANT  
  Basement Car Park     15 SPACES LET TO VARIOUS TENANTS
£9,437
  Basement Car Park     12 SPACES VACANT  
1, 3a, 5a, 6a, 10-12, 13, 2a, 4a, 9a, Rear Office Suite A&B First Retail/ Office 594.82 (6,402) VARIOUS LEASES ON VARIOUS TERMS, FULL DETAILS AVAILABLE WITHIN THE LEGAL PACK
£35,036
Front Office, Rear Suite A Second Office 301.76 (3,248) VARIOUS LEASES ON VARIOUS TERMS, FULL DETAILS AVAILABLE WITHIN THE LEGAL PACK
£36,732
Suite B, Store Second Office/ Storage 135.17 (1,454) VACANT  
Suite A Third Office 139.00 (1,494) QUAY CREW LTD FROM 01/03/2022 UNTIL 28/02/2027
£20,426
Suite B Third Office 99.00 (1,065) VACANT  
Caretaker''s Flat Third Residential 52.00 (560) ELLIS AND PARTNERS LTD FROM 01/06/2022 UNTIL 31/05/2023
£3,500
Totals     1,940.76 (20,890)  
£297,431

Please note, a full tenancy schedule is available within the Legal Pack.

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.

Property Documents

  • Brochure
    Updated Date
    22.06.22
    File Size
    4 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
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120 904charlie.powter@acuitus.co.uk
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Associate AuctioneersJonathan Tizzard 01202 551821jtizzard@ellis-partners.co.uk
Seller's Solicitors
Keystone Law 48 chancery lane
London
London
W1WC2A 1JF
Lisa Raymond 020 3319 3700lisa.raymond@keystonelaw.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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