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St Peters Quarter Old Christchurch Rd 70,912 sq ft 85% Let Retail Property Bournemouth BH1 2AD £4,935,000 (£69.59/sq ft) 10% Net Initial Yield

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Investment Highlights

  • Excellent connectivity
  • Prominent position
  • Close proximity to local amenities

Executive Summary

Comprising a substantial, 70,912 sq ft mixed use block situated in the heart of Bournemouth Town Centre. Multi let producing a current income of £526,785 per annum. Freehold.
Planning granted for 32 Student halls of residents as well as numerous other short term asset management opportunities.

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
70,912 sq ft
Costar Property Class
B
Year Built
1986
Price
£4,935,000
Price per sq ft
£69.59
Yield
10%
NOI
£493,500
Occupancy Rate
85%
Tenancy
Multiple
Number of Floors
5
Plot ratio
2.42
Total Plot Size
0.67 ac
Frontage
51 ft on Old Christchurch Road

Amenities

  • Security System
  • Roller Shutters
  • Storage Space
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • Lower Level
  • 1,000-8,000 sq ft
  • Retail
  • In-Line
  • Now

The unit is the large open plan basement located below. The space suitable to be converted to a gym / gallery / casino / sports area, or simply used for storage. The unit will require work to turn into a useable space. Alternatively, the unit can be used for storage immediately.

  • 20
  • 2,312 sq ft
  • Retail
  • In-Line
  • Now

The property consists of a ground floor, a small basement staff room, and a larger basement store. Available on a new lease with terms to be negotiated at a rental of £30,000 per annum plus VAT exclusive of Service charge and Buildings Insurance.

Space Size Space Use Position Available
Lower Level 1,000-8,000 sq ft Retail In-Line Now
20 2,312 sq ft Retail In-Line Now

Lower Level

Size
1,000-8,000 sq ft
Space Use
Retail
Position
In-Line
Available
Now

20

Size
2,312 sq ft
Space Use
Retail
Position
In-Line
Available
Now

Lower Level

Size 1,000-8,000 sq ft
Space Use Retail
Position In-Line
Available Now

The unit is the large open plan basement located below. The space suitable to be converted to a gym / gallery / casino / sports area, or simply used for storage. The unit will require work to turn into a useable space. Alternatively, the unit can be used for storage immediately.

20

Size 2,312 sq ft
Space Use Retail
Position In-Line
Available Now

The property consists of a ground floor, a small basement staff room, and a larger basement store. Available on a new lease with terms to be negotiated at a rental of £30,000 per annum plus VAT exclusive of Service charge and Buildings Insurance.

Nearby Major Retailers

YMCA
The Gym Group
Harvester
Harry Ramsden's
Prezzo Trading
Wagamama
Côte Brasserie
Tortilla
Cosy Club
Slug & Lettuce Company
  • Listing ID: 33530330

  • Date on Market: 16/10/2024

  • Last Updated:

  • Address: Old Christchurch Rd, Bournemouth BH1 2AD

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