Grocery & Local Shops for sale in Ringwood

Commercial Property in Ringwood available for sale

Grocery & Local Shops for Sale Within 10 miles of the Ringwood

58-61 Westover Rd

Bournemouth, BH1 2BZ

Retail for Sale
£975,000
2,215 sq ft
1 Unit Available

Energy Performance: D

Bournemouth Retail for Sale

Investment Consideration: Gross Initial Yield: 7.69% Rental Income: £75,000 p.a. VAT is applicable to this property. TOGC available. Let until December 2039. No breaks. Rent reviews in 2029 and 2034. Comprises upper ground floor restaurant premises t/a Prezzo Benefits from large glass frontage and external terrace with sea views Prime leisure location between the town centre and the seafront less than 100m from three major council car parks providing a total of over 450 parking spaces Nearby occupiers include Nando's, Pizza Express, Five Guys, Starbucks and more. Tenancy: The property is at present let to Prezzo Trading Limited for a term of 25 years from 4th December 2014 at a current rent of £75,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 04.12.29 and 04.12.34 open market upward only. No breaks. Lease within Landlord & Tenant Act 1954. Tenure: Virtual freehold. Held on a 999 Year lease from 25th December 2001 at a fixed ground rent of £1 p.a.

Contact:

Blue Alpine Partners Ltd

Property Subtype:

Restaurant

Date on Market:

22/07/2026

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13-19 Lansdowne Rd

Bournemouth, BH1 1RZ

Retail for Sale
£399,995
3,164 sq ft
1 Unit Available

Energy Performance: D
Security System

Bournemouth Retail for Sale

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).