Prime Retail Investment For Sale or To Let in Bournemouth, Dorset, BH9

This property is marketed by:
Greenslade Taylor Hunt

Key Features

• Prime retail investment in a prime trading position in Winton, Bournemouth
• Current Rent - £21,000 per annum
• Let on a 10 year lease from June 2019

Description

A retail investment comprising a two storey retail property in a prime position in Winton, Bournemouth. The accommodation comprises:

• Ground floor retail area of 852 sq ft currently partitioned to formed retail are and partitioned room
• First floor of 852 sq ft, partitioned to form hallway and two rooms together with two WCs.
• Externally there is rear car parking area with two parking spaces or more "in tandem".

Location

The property is located on Wimborne Road in a prime trading position Winton adjacent to Waitrose. Bournemouth town centre is approximately 1.7 miles to the south. Multiples nearby include Waitrose, Halifax, Lloyds Bank, Bet Fred, Boots Pharmacy, Holland & Barrett, Poundland, Lidl, Card Factory, Scrivens and Tui.

Lease

The property is let to Boots Opticians Professional Services Limited and McScosh Limited on a 10 year full repairing and insuring lease from 1st June 2019 at a current rent of £21,000 per annum, exclusive. Rent review on the 1st June 2024. Tenants break clause on the 1st June 2024 (not exercised). Boots Opticians Professional Services Limited have a Creditsafe rating of 100/100 (very low risk) and their accounts show a turnover and net profit of £410,563,00 and £24,878,000 respectively in the year ending 31st August 2024.