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
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
Lot 14
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
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.
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.
