Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
5 miles south-west of Christchurch
6 miles east of Poole
28 miles south-west of Southampton
Roads
A31, A35, A338, M27
Rail
Bournemouth Railway Station
Air
Bournemouth Airport
Situation
The property is situated in the heart of Bournemouth town centre in a prominent corner location at the junction Yelverton Road and Varulam Place, off Old Christchurch Road, Bournemouth’s main pedestrianised shopping thoroughfare. Nearby occupiers include House of Fraser, Topshop/Topman, Argos, Pizza Express, McDonald’s, Cafè Nero. Major office buildings occupied
by Nationwide and Vitality Health are also located close by.
Tenure
Freehold.
Location
Miles
5 miles south-west of Christchurch
6 miles east of Poole
28 miles south-west of Southampton
Roads
A31, A35, A338, M27
Rail
Bournemouth Railway Station
Air
Bournemouth Airport
Situation
The property is situated in the heart of Bournemouth town centre in a prominent corner location at the junction Yelverton Road and Varulam Place, off Old Christchurch Road, Bournemouth’s main pedestrianised shopping thoroughfare. Nearby occupiers include House of Fraser, Topshop/Topman, Argos, Pizza Express, McDonald’s, Cafè Nero. Major office buildings occupied
by Nationwide and Vitality Health are also located close by.
Tenure
Freehold.
Description
The property comprises four ground floor retail units with self-contained office accommodation on the first, second and third floors. The property benefits from parking for approximately 12 cars to the rear.
Six Week Completion
Planning:
Prior Approval was granted in March 2015 for the conversion of the first and second floors of Denham House from Offices (B1) to 15 residential dwellings (C3) (14 x one bed and 1 x two bed). Other proposed schemes have been drawn up to include additional parking at basement level and the creation of additional floors at fourth, fifth and sixth floor levels. For further information:
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 not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises four ground floor retail units with self-contained office accommodation on the first, second and third floors. The property benefits from parking for approximately 12 cars to the rear.
Six Week Completion
Planning:
Prior Approval was granted in March 2015 for the conversion of the first and second floors of Denham House from Offices (B1) to 15 residential dwellings (C3) (14 x one bed and 1 x two bed). Other proposed schemes have been drawn up to include additional parking at basement level and the creation of additional floors at fourth, fifth and sixth floor levels. For further information:
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 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
Review/(Reversion)
Ground
Restaurant
116.87 sq m
(1,258 sq ft)
DEL MARCO COFFEE LIMITED (t/a Del Marco)
5 years from 01/04/2011 (1)
£27,500
(31/03/2016)
Ground
Retail
30.66 sq m
(330 sq ft)
THE ILLUMINATE TANNING LIMITED (t/a Illuminate)
6 years from 30/04/2015
£8,000
30/04/2018 (29/04/2021)
Ground
Retail
27.50 sq m
(296 sq ft)
N CHARBAK (t/a Nab’s Barber)
3 years from 27/03/2015
£7,500
(26/03/2018)
Ground & Lower Ground
Retail
424.93 sq m
(4,574 sq ft)
SOUTH COAST INK TATTOO STUDIO LIMITED (t/a South Coast Ink)
7 years from 13/11/2014 (2)
£20,000
13/11/2019 (12/11/2021)
Entrance, First, Second & Third
Office/Ancillary
904.94 sq m
(9,741 sq ft) (3)
VACANT POSSESSION
Totals
1,504.90 sq m
(16,199 sq ft)
£63,000
(1) The tenant has served notice for a new 10 year lease with a tenant option to determine in Year 5, at a revised commencing rent of £20,000 p.a.x. (2)The lease provides for a tenant option to determine on 12th November 2018, subject to five months notice. (3)Gross Internal Area. NB. Please note there is an electricity substation on site.
