130 -136 Poole Road Bournemouth Dorset BH4 9EF

130 -136 Poole Road
Bournemouth
Dorset
BH4 9EF

Freehold Language School Investment

Lease guaranteed by Kaplan Inc. (part of Graham Holdings Company) until 2030
Annual fixed 2.5% rental uplifts
Occupied by Kaplan’s English School in Bournemouth
Well established office location
Future Development Potential (subject to consents)

Lot
10
Auction
9th July 2014
Rent
£202,937 per Annum Exclusive
Status
Sold
Price
£2,250,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Language School Investment

Lease guaranteed by Kaplan Inc. (part of Graham Holdings Company) until 2030
Annual fixed 2.5% rental uplifts
Occupied by Kaplan’s English School in Bournemouth
Well established office location
Future Development Potential (subject to consents)

Lot 10
Auction 9th July 2014
Rent £202,937 per Annum Exclusive
Status Sold
Price £2,250,000
Sector
Office
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Estimated District Population: 185,000
Miles: 33 miles south-west of Southampton, 28 miles south of Salisbury, 40 miles south-west of Winchester
Roads: A338, A35, A31, M27, M3
Rail: Bournemouth Rail Station
Air: Bournemouth Airport

Situation

The property is prominently situated at the junction of Poole Road and Prince of Wales Road a short distance from the main shopping area in Westbourne in a mixed office and residential location some 1.5 miles west of Bournemouth Town Centre. Office occupiers close by include Liverpool Victoria and Barclays Bank. Nearby retailers include Marks & Spencer Simply Food, Pizza Express, Lloyds Bank and Starbucks.

Tenure

Freehold.

Location

Estimated District Population: 185,000
Miles: 33 miles south-west of Southampton, 28 miles south of Salisbury, 40 miles south-west of Winchester
Roads: A338, A35, A31, M27, M3
Rail: Bournemouth Rail Station
Air: Bournemouth Airport

Situation

Tenure

Freehold.

Description

The property, originally constructed as four retail units with offices above, is currently used for educational and ancillary use, including a ground floor coffee shop and canteen area. The accommodation benefits from a passenger lift and basement parking for approximately 16 cars.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Basement Ground First Second Third	Car parking (16 cars) Store Educational Educational Educational Office/Staff	26.25 sq m 272.63 sq m 363.63 sq m 368.42 sq m 72.83 sq m	(283 sq ft) (2,935 sq ft) (3,914 sq ft) (3,966 sq ft) (784 sq ft)	ASPECT EDUCATION LIMITED guaranteed by Kaplan Inc. a subsidiary of Graham Holdings Company (1)	25 years from 9th March 2005 until 8th March 2030 on a full repairing and insuring lease	£202,937	2.5% Increase paid annually
Totals		1,103.76 sq m	(11,882 sq ft)			£202,937

(1) Kaplan Inc. is a for-profit corporation headquartered in New York City and was founded in 1938 by Stanley Kaplan. Kaplan provides higher education programmes,
professional training courses, test preparation materials and other services for various levels of education. It is a wholly owned subsidiary of Graham Holdings Company, formerly known as The Washington Post Company. It is represented in nearly 400 locations in more than 30 countries and caters for more than one million students each year. It employs over 24,000 worldwide. To the year ending 31st December 2013, Graham Holdings Company reported Operating Revenues of $3,487,864,000 and Total Stockholders’ Equity of $3,300,067,000 (Source: Graham Holdings Company annual report).
(2)The lease has been contracted out of the provisions of the 1954 Landlord and Tenant Act.