124-126 High St 6,405 sq ft Retail Property Poole BH15 1DF £478,000 (£74.63/sq ft) 9% Net Initial Yield

The property occupies a prime trading position on Poole High Street, one of Dorset’s busiest retail destinations. Nearby occupiers include Boots, TG Jones, Greggs,
Poundland, and Santander as well as the numerous occupiers within the busy Poole Quay and Dolphin Shopping Centre. Poole is a thriving coastal town with excellent transport links. The property is 5 minutes’ walk from Poole Railway Station and within easy access to the A350 and A35 trunk roads
The premises comprise a two-storey retail unit, arranged over ground and first floors, providing well-configured retail accommodation. The property benefits from prominent double frontage onto the High Street in addition to a modern retail sales area with ancillary storage and staff accommodation areas. There is rear loading access on Chapel Lane that is utilised by the tenant. There are car parking spaces to the rear of the property.
TENANCY
The property is let from 2nd October 2025 until 2nd October 2030 to Robert Dyas Holdings Limited, (Company Number 04041884) at a passing rent of £45,000 per annum. There is a tenant only break clause on 2nd October 2028 with six months written notice. The tenant has recently renewed their lease showing commitment to the unit, having been in occupation for 25 years.
TENURE
Freehold | Title Number – DT12588
TENANT COVENANT
Robert Dyas is a long-established UK retailer, founded in 1872, with over 90 stores nationwide offering housewares, electricals, and DIY products. The business is part of Theo Paphitis Retail Group, which also includes Ryman and Boux Avenue. The company has a ‘low risk’ credit rating from Creditsafe. A copy of this report is available upon request.
EPC
C - 52
VAT
The Property is not elected for VAT and therefore is not payable on the transaction.
DATAROOM
Full information is available on a Data Room. Access is available on request to the Sole Agent.