Investment Opportunity for Sale in Christchurch, Dorset, BH23

This property is marketed by:
Colliers

Christchurch is a coastal town in the county of Dorset, 4.6 miles (7.4 km) east of Bournemouth and 23.4 miles (37.7 km) southwest of Southampton.

Christchurch has an affluent demographic profile with over half the population in the two highest social groups, and 24% of the population are retired.

The store is situated on the prime pitch, with frontage along the High Street and positioned on the town’s main car park of 156 spaces.

Ground and first floor high street foodstore comprising a 17,484 sq ft (1,624 sq m).

The supermarket is let on a reversionary lease to Marks and Spencer PLC to extend the term by 5 years expiring on 13 September 2031 demonstrating the retailer’s commitment to the site.

The rent kept at an affordable level of £266,000 per annum reflecting £15.21 psf.

Marks and Spencer offers excellent covenant strength.