£495,000
(£181.39/sq. ft)
Retail premises for sale274 Wallisdown Road, Bournemouth BH10
2,729 sq. ft
EPC Rating: D
Added on
Sibbett Gregory
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About this property
Two lock-up retail premises with rear car-parking for approximately 7 vehicles
Fronting the busy Wallisdown Road roundabout approximately 35,000 traffic movements per day
Two retail units currently producing a total annual rent of £40,000 per annum exclusive
Front unit – let until March 2033 at a rental of £26,000 per annum exclusive
Rear unit – let for a term expiring September 2032 at a current rent of £14,000 per annum exclusive
Communal WCs and a kitchenette that serves both retail units
Rear allocated parking for approximately 7 vehicles
Currently not elected for VAT
Description
Two lock-up retail units with rear car-parking for approximately 7 vehicles.
Substantial return frontage to Kinson Road and Wallisdown Road.
Both units have been fitted out to a high standard throughout. The units share a communal kitchenette and male and female WCs.
Excellent re-letting prospects in the future should a unit(s) become available.
Location
The property is located fronting the Wallisdown Road roundabout at its junctions with Kinson Road and Alder Road – this is one of the busiest thoroughfares in the bcp conurbation.
The property is prominently located in close proximity to other established operators including Tesco Express, bmw, Pets Corner, Aldi and Subway.
The area offers a mix of local independent retail outlets together with multiple operators, all serving the densely populated surrounding area.
The property is conveniently located approximately 3.1 miles from Bournemouth town centre, 3.4 miles from Poole town centre and 6.8 miles from Wimborne Minster.
Tenancy
The front unit is let to Homes of Beauty Ltd on a 9 year lease from 1st April 2024 at a current passing rent of £26,000 per annum.
The rear unit is let to Revive Bournemouth Ltd on a 9 year lease from 25th September 2023 at a current passing rent of £14,000 per annum.
See the brochure for full details.
Price
£495,000
Tenure
The property is held on a freehold basis
Aml
A successful bidder will be required to satisfy all Anti Money Laundering requirements when Heads of Terms are agreed.
EPC
The property has an energy rating of c-66. A copy of the full EPC is available on request.
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