Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
5 miles east of Poole
7 miles west of Christchurch
34 miles south-west of Southampton
Roads
A31, A35, A338, M27
Rail
Bournemouth Railway Station
Air
Bournemouth Airport
Situation
Westbourne is an affluent and popular suburb some 1 mile west of Bournemouth town centre.The property is situated in a prime position on the north side of Poole Road, Westbourne’s main retailing pitch. Neighbouring occupiers include Marks & Spencer, Bang & Olufsen, Boots the Chemist, Starbucks and Pizza Express. Also nearby are the substantial offices of Liverpool Victoria and Barclays Wealth & Investment Management. The property further benefits from a large public car park to the rear of the property.
Tenure
Freehold.
Location
Miles
5 miles east of Poole
7 miles west of Christchurch
34 miles south-west of Southampton
Roads
A31, A35, A338, M27
Rail
Bournemouth Railway Station
Air
Bournemouth Airport
Situation
Westbourne is an affluent and popular suburb some 1 mile west of Bournemouth town centre.The property is situated in a prime position on the north side of Poole Road, Westbourne’s main retailing pitch. Neighbouring occupiers include Marks & Spencer, Bang & Olufsen, Boots the Chemist, Starbucks and Pizza Express. Also nearby are the substantial offices of Liverpool Victoria and Barclays Wealth & Investment Management. The property further benefits from a large public car park to the rear of the property.
Tenure
Freehold.
Description
The property comprises of 4 ground floor retail units with 14 self-contained residential flats on the first to fourth floors.
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 not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises of 4 ground floor retail units with 14 self-contained residential flats on the first to fourth floors.
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 not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Review/ (Reversion)
92
Ground Basement
Retail/ Ancillary
61.10 sq m 29.80 sq m
(658 sq ft) (321 sq ft)
AGE UK (1)
15 years from 25/12/2014 (2)
£20,500
25/12/2019 (24/12/2029)
94
Ground Basement
Retail/ Ancillary
73.06 sq m 31.85 sq m
(786 sq ft) (343 sq ft)
INDIVIDUALS (t/a L&R Shoe Repairs)
10 years from 06/08/2013 (3)
£20,500
06/08/2018 (05/08/2023)
94A
Ground Basement
Retail Ancillary
80.70 sq m 40.90 sq m
(869 sq ft) (440 sq ft)
A-ONE INSURANCE SERVICES (BMTH) LIMITED (4)
10 years from 12/09/2014 (5)
£22,500
12/09/2019 (11/09/2024)
96
Ground Basement
Retail Ancillary
68.10 sq m 31.20 sq m
(733 sq ft) (336 sq ft)
HOUSE OF DE PARYS LIMITED (t/a De Parys)
20 years from 25/12/1997 (6)
£18,500
(24/12/2017)
Westbourne Court
First to Fourth
Residential
WESTBOURNE COURT LIMITED
999 years from 24/06/1996
One Peppercorn
Totals
416.71 sq m
(4,486 sq ft)
£82,000
(1) Age UK is a registered charity with approximately 450 shops throughout the UK (Source: www.ageuk.org.uk). For the year ending 31/03/2015, Age UK reported pre-tax profits of £2,074,000 and a total net worth of £29,719,000. (Source: www.riskdisk.com 03/11/2015) (2) The lease to Age UK provides for a tenant option to determine the lease on 25/12/2019 and 25/12/2024. (3) The lease provides for a tenant option to determine the lease on 06/08/2018. The tenant pays the rent monthly. (4) Incorporated in 1997, the A-One Insurance Group stands as one of the premier broking houses in Dorset with 7 offices located around the country and over 80 employees (Source: www.aoig.co.uk). (5) The lease to A-One Insurance Services (BMTH) Limited provides for a tenant option to determine the lease on 11/09/2019. (6) As to unit 96 Poole Road, the tenant pays the rent monthly.
