46 - 48 Southbourne Grove Southbourne, Bournemouth Dorset BH6 3RB

46 - 48 Southbourne Grove
Southbourne, Bournemouth
Dorset
BH6 3RB

Modern Supermarket Investment

Let to Sainsbury’s Supermarkets Ltd until November 2027 (subject to option)
Five yearly RPI increases
Located on busy road in affluent suburb
Nearby occupiers include Costa Coffee, Tesco Express, Londis and Coral Betting
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
27
Auction
21st May 2015
Rent
£62,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Modern Supermarket Investment

Let to Sainsbury’s Supermarkets Ltd until November 2027 (subject to option)
Five yearly RPI increases
Located on busy road in affluent suburb
Nearby occupiers include Costa Coffee, Tesco Express, Londis and Coral Betting
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 27
Auction 21st May 2015
Rent £62,000 per Annum Exclusive
Status Sold Prior
Price
Sector
Supermarket/Convenience
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 3.5 miles east of Bournemouth, 26 miles south-west of Southampton
Roads: A35, A338
Rail: Pokesdown Rail
Air: Bournemouth Airport

Situation

The property is situated in an excellent trading position on the busy Southbourne Grove, Southbourne’s main retailing pitch, and in an affluent coastal suburb some 3.5 miles east of Bournemouth. Nearby occupiers include Costa Coffee, Tesco Express, Londis and Coral Betting.

Tenure

Virtual Freehold. Held from Southbourne Grove LLP for a term of 999 years from 1st January 2015 at a peppercorn rent.

Location

Miles: 3.5 miles east of Bournemouth, 26 miles south-west of Southampton
Roads: A35, A338
Rail: Pokesdown Rail
Air: Bournemouth Airport

Situation

Tenure

Virtual Freehold. Held from Southbourne Grove LLP for a term of 999 years from 1st January 2015 at a peppercorn rent.

Description

The property comprises a ground floor retail unit providing outstanding frontage currently trading as a supermarket and benefits from air conditioning, a 24 hour ATM machine and storage/ancillary accommodation to the rear.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is 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
Ground	Retail	399 sq m	(4,295 sq ft)	SAINSBURY’S SUPERMARKETS LTD (1)	15 years from 09/11/2012 until 08/11/2027 on a full repairing and insuring lease (2)	£62,000	09/11/2017 and 09/11/2022 (3)
Totals		399 sq m	(4,295 sq ft)			£62,000

(1) For the year ending 15th March 2014, Sainsbury’s Supermarkets Ltd reported a turnover of £23,919,000,000, pre-tax profits of £810,000,000 and a total net worth of £4,706,000,000. (Source: www.riskdisk.com 20/04/2015)
(2)The lease provides an option to determine on 9th November 2022.
(3)The lease provides RPI linked upwards only rent reviews to a minimum of 5.1010% and maximum of 21.6652%.