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13-19 Lansdowne Rd 3,164 sq ft Retail Unit Offered at £399,995 in Bournemouth BH1 1RZ



Investment Highlights
- Tenanted long leasehold investment in prominent location
- 24 Hour Alcohol Premises Licence
- Offers invited in the region of £399,995
- Current passing rent of £28,200 per annum, exclusive
- Total Net Internal Area: 3,164 Sq. Ft. (293.64 Sq. M.)
Executive Summary
The property comprises a building of masonry construction arranged over five floors which offers retail accommodation on the ground and basement floors and office accommodation above. The subject premises are located in the very heart of the Lansdowne area where most student accommodation blocks are located. There is significant ongoing development of both accommodation and teaching facilities ‘on the doorstep’ and accordingly the premises are very well located to benefit from the associated opportunities.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Sale Type | Investment |
| Tenure | Long Leasehold |
Description
The property has recently been fully refurbished and at ground floor level there is a spacious, well decorated bar and restaurant seating area, together with a stylised beach themed lounge space.
Also, at ground floor level are male and female WC’s.
At basement/lower ground floor level there is a good-sized restaurant and bar, together with a large commercial kitchen plus ancillary areas.
The property benefits from two allocated car parking spaces to the rear together with a beer cellar at ground floor level.
We understand that the premises are licenced for 200 customers at any one time and also have the benefit of a favourable Premises Licence which permits certain 24-hour licenced activities.
Also, at ground floor level are male and female WC’s.
At basement/lower ground floor level there is a good-sized restaurant and bar, together with a large commercial kitchen plus ancillary areas.
The property benefits from two allocated car parking spaces to the rear together with a beer cellar at ground floor level.
We understand that the premises are licenced for 200 customers at any one time and also have the benefit of a favourable Premises Licence which permits certain 24-hour licenced activities.
Sale Notes
Offers invited in the region of £399,995 subject to contract for the long leasehold interest subject to the subsisting tenancy. Please note VAT is not payable on the rents.
Lease terms:
The property is let by way of an effective full repairing and insuring lease to Bournemouth Events Ltd commencing 6th June 2024 expiring 5th June 2034 at a passing rent of £28,200 per annum, exclusive payable monthly in advance. The lease is subject to an upward only rent review and tenant only break clause on 6th June 2029. The lease is subject to a photographic schedule of condition. A three-month rental deposit is held by the landlord (£7,050).
Lease terms:
The property is let by way of an effective full repairing and insuring lease to Bournemouth Events Ltd commencing 6th June 2024 expiring 5th June 2034 at a passing rent of £28,200 per annum, exclusive payable monthly in advance. The lease is subject to an upward only rent review and tenant only break clause on 6th June 2029. The lease is subject to a photographic schedule of condition. A three-month rental deposit is held by the landlord (£7,050).
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 19 | 3,164 sq ft | Retail | £399,995 (£126.42/sq ft) | - |
Unit 19
| Unit Size |
| 3,164 sq ft |
| Unit Use |
| Retail |
| Price |
| £399,995 (£126.42/sq ft) |
| NOI |
| - |
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Unit 19
| Unit Size | 3,164 sq ft |
| Unit Use | Retail |
| Price | £399,995 (£126.42/sq ft) |
| NOI | - |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Description | |
|
The property has recently been fully refurbished and at ground floor level there is a spacious, well decorated bar and restaurant seating area, together with a stylised beach themed lounge space. Also, at ground floor level are male and female WC’s. At basement/lower ground floor level there is a good-sized restaurant and bar, together with a large commercial kitchen plus ancillary areas. The property benefits from two allocated car parking spaces to the rear together with a beer cellar at ground floor level. We understand that the premises are licenced for 200 customers at any one time and also have the benefit of a favourable Premises Licence which permits certain 24-hour licenced activities. |
|
| Sale Notes | |
|
Offers invited in the region of £399,995 subject to contract for the long leasehold interest subject to the subsisting tenancy. Please note VAT is not payable on the rents. Lease terms: The property is let by way of an effective full repairing and insuring lease to Bournemouth Events Ltd commencing 6th June 2024 expiring 5th June 2034 at a passing rent of £28,200 per annum, exclusive payable monthly in advance. The lease is subject to an upward only rent review and tenant only break clause on 6th June 2029. The lease is subject to a photographic schedule of condition. A three-month rental deposit is held by the landlord (£7,050). |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 8,552 sq ft | Typical Floor Size | 1,155 sq ft |
| Property Type | Retail (Unit) | Year Built | 1891 |
| Property Subtype | Shopfront Retail / Office | Total Plot Size | 0.16 ac |
| Costar Property Class | B | Parking Allocation | 1.19/1,000 sq ft |
| Floors | 4 |
| Total Property Size | 8,552 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Office |
| Costar Property Class | B |
| Floors | 4 |
| Typical Floor Size | 1,155 sq ft |
| Year Built | 1891 |
| Total Plot Size | 0.16 ac |
| Parking Allocation | 1.19/1,000 sq ft |
Amenities
- Security System
- EPC - D
- Storage Space
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13-19 Lansdowne Rd
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