Showroom and Upper Flats Investment Property For Sale in Bournemouth

This property is marketed by:
Nettleshipsawyer

Description

Showroom

Internal Width - 68’ 3” max

Depth        - 59’4”

Net Floor Area - 3,745 sq ft

Car parking on forecourt and 7 spaces in rear car park.

Flats Over 

23 two bed flats and car parking in rear car park.

LEASES

Ground Floor Showroom

Let to GSF Car Parts Ltd with 200 branches nationwide on a 6 year lease from 13th August 2021 (with a further 6 year option) at a rent of £29,400 pax, on full repairing and insuring terms by way of service charge (capped at £5000 pa)

FLATS OVER

23 flats all sold off on 99-year ground leases from June 2000 currently producing £6,809.76 pax, subject to 5 year RPI linked rent reviews throughout the term.

Although 13 of the leases have been extended only 6 flats no longer pay ground rent and 10 leases have an unexpired term of approx. 78 years.

Tenancy Schedule and copy leases available on request.

Location

The property is very prominently located on this busy main arterial road at the junction with Cleveland Road. Holdenhurst Road runs parallel to the main A338 Wessex Way, the principal route providing access across the Bournemouth/Poole/Christchurch conurbation. There is a good mix of local and national occupiers in Holdenhurst Road including Aldi, Co-op, Halfords Autocentres and National Tyres.