Denham House 8 - 10 Yelverton Road Bournemouth Dorset BH1 1DF

  • Denham House<br>8 - 10 Yelverton Road<br>Bournemouth<br>Dorset<br>BH1 1DF

Denham House
8 - 10 Yelverton Road
Bournemouth
Dorset
BH1 1DF

Freehold Retail (and Office) Investment with Residential Development Potential

  • Comprises four retail units with three floors of self-contained office accommodation above
  • Prior approval granted for conversion of upper parts to residential
  • Approximately 1,504.90 sq m (16,199 sq ft)
  • Situated off Old Christchurch Road in the heart of the town centre, between Lidl and House of Fraser
  • On-site car parking for approximately 12 cars
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    5
  • Auction
    22nd October 2015
  • Rent
    £63,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,360,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail (and Office) Investment with Residential Development Potential

  • Comprises four retail units with three floors of self-contained office accommodation above
  • Prior approval granted for conversion of upper parts to residential
  • Approximately 1,504.90 sq m (16,199 sq ft)
  • Situated off Old Christchurch Road in the heart of the town centre, between Lidl and House of Fraser
  • On-site car parking for approximately 12 cars
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 5
  • Auction 22nd October 2015
  • Rent £63,000 per Annum Exclusive
  • Status Sold
  • Price £1,360,000
  • Sector
    High Street Retail
  • 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:

Bournemouth Borough Council.St Stephens Road, Bournemouth, Dorset BH2 6EB.
Tel: 01202 451 323
Email: planning@bournemouth.gov.uk

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:

Bournemouth Borough Council.St Stephens Road, Bournemouth, Dorset BH2 6EB.
Tel: 01202 451 323
Email: planning@bournemouth.gov.uk

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.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Hamlins Roxburghe House, 273-287 Regent Street
London
W1B 2AD 020 7518 9100
Mark Hurst +44 (0)20 7355 6000mhurst@hamlins.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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