The Square Car Park 22 Richmond Hill Bournemouth Dorset BH2 6EJ

The Square Car Park
22 Richmond Hill
Bournemouth
Dorset
BH2 6EJ

City Centre Multi-storey Car Park Opportunity

Comprises multi-storey car park arranged over 5 levels
236 secure car parking spaces
Total approx. site area of 0.18 Ha (0.44 Acres)
Prominent town centre location
Within walking distance to The Square, Commercial Road and Bournemouth Pier
Nearby occupiers include Tesco Express, Starbucks, McDonald's, Tortilla, Zizzi, Zara, Primark, Bournemouth Shopping Arcade and The Avenue Shopping Centre

Auction
29th October 2026
Rent
£199,450 per Annum
(2)(3)
Status
Available
Guide*
£1,250,000
Auction Venue
Live Streamed Auction
On behalf of a Local Authority

Interested?

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City Centre Multi-storey Car Park Opportunity

Comprises multi-storey car park arranged over 5 levels
236 secure car parking spaces
Total approx. site area of 0.18 Ha (0.44 Acres)
Prominent town centre location
Within walking distance to The Square, Commercial Road and Bournemouth Pier
Nearby occupiers include Tesco Express, Starbucks, McDonald's, Tortilla, Zizzi, Zara, Primark, Bournemouth Shopping Arcade and The Avenue Shopping Centre

Auction 29th October 2026
Rent £199,450 per Annum (2)(3)
Status Available
Guide* £1,250,000
Sector
Car Park
Auction Venue
Live Streamed Auction
On behalf of a Local Authority

Property Information

Location

Miles: 5 miles east of Poole, 33 miles south-west of Southampton and 108 miles south-west of London
Roads: A338, A35, A31
Rail: Bournemouth Railway Station
Air: Bournemouth Airport

Situation

The property occupies a large plot on the west side of Richmond Hill, in a prime retail location, less than 100 meters north of The Square and within walking distance to the pedestrianised Commercial Road. The property also benefits from being close by to Bournemouth Pier. Nearby occupiers include Tesco Express, Starbucks, McDonald's, Tortilla, Zizzi, Zara, Primark, Bournemouth Shopping Arcade and The Avenue Shopping Centre.

Tenure

Long Leasehold. Held for a term of 999 years from 23/07/2002 until 22/07/3001 at a rent of £10 per annum.

Location

Miles: 5 miles east of Poole, 33 miles south-west of Southampton and 108 miles south-west of London
Roads: A338, A35, A31
Rail: Bournemouth Railway Station
Air: Bournemouth Airport

Situation

Tenure

Long Leasehold. Held for a term of 999 years from 23/07/2002 until 22/07/3001 at a rent of £10 per annum.

Description

The property comprises a substantial multi-storey public car park with two access points onto Richmond Hill, providing approximately 236 car-parking spaces arranged over 5 levels.

VAT

VAT is applicable to this lot.

EPC

Band D.

Description

The property comprises a substantial multi-storey public car park with two access points onto Richmond Hill, providing approximately 236 car-parking spaces arranged over 5 levels.

VAT

VAT is applicable to this lot.

EPC

Band D.

Tenancy & Accommodation

Floor	Use	Site Area Ha	Site Area (Acres)	Tenant	Term	Rent p.a.x.
First to Fifth	236 space Multistorey car park	0.18	(0.44)	RCP PARKING LIMITED	Tenancy at Will from 14/04/2024 (1)	£199,450 (2)(3)
Total		0.18	(0.44)			£199,450

(1) Under the terms of the headlease, the freeholder has the right to use 30 car parking spaces.
(2) The rent is payable on a weekly basis in the sum of £3,835.65. The rent stated above has been annualised.
(3) The current passing rent is £199,450 p.a.. The tenant has been granted a 50% rent reduction under the tenancy at will from 17/07/2024 and is therefore paying a rent of £99,726.90.

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.