Retail Investment Opportunity in Bournemouth

128

Charminster Road Bournemouth Dorset BH8 8UU

Investment Property For Sale: £295,000
Total Floor Area: 129 sq.m/1,388 sq.ft
Net Investment Income: £18,750 per annum
Net Investment Yield: 6.2%




Last updated: 02 Jan 2019 Ref: I10449

Property Description

The property comprises a predominantly two storey end of terrace building. The ground floor of the property provides retail accommodation currently occupied as a pharmacy with the upper parts used for ancillary storage purposes. Potential exists for the future refurbishment of the upper floors of the building to provide residential accommodation.

Measurements

  • Net Internal Floor Area
128 Charminster Road Bournemouth - L Rowland and Co. Retail Limited
Measurementimperialmetric
Ground Floor993 sq.ft92 sq.m
First Floor395 sq.ft37 sq.m
Total Floor Area1,388 sq.ft128.95 sq.m


Agent's Disclaimer

MESSRS COWLING & WEST FOR THEMSELVES AND FOR VENDORS OR LESSORS OF THIS PROPERTY WHOSE AGENTS THEY ARE GIVE NOTICE THAT: THE PARTICULARS ARE SET OUT AS A GENERAL OUTLINE ONLY FOR THE GUIDANCE OF INTENDED PURCHASERS OR LESSEES, AND DO NOT CONSTITUTE, NOR CONSTITUE PART OF, AN OFFER OR CONTRACT; ALL DESCRIPTIONS, DIMENSIONS, REFERENCES TO CONDITION AND NECESSARY PERMISSIONS FOR USE AND OCCUPATION, AND OTHER DETAILS ARE GIVEN WITHOUT RESPONSIBILITY AND ANY INTENDING PURCHASERS OR TENANTS SHOULD NOT RELY ON THEM AS STATEMENTS OR REPRESENTATIONS OF FACT BUT MUST SATISFY THEMSELVES BY INSPECTION OR OTHERWISE AS TO THE CORRECTNESS OF EACH OF THEM; NO PERSON IN THE EMPLOYMENT OF MESSRS COWLING & WEST HAS ANY AUTHORITY TO MAKE OR GIVEN ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.


Sale Terms

Offers are sought in excess of £295,000 subject to contract and exclusive of VAT. A purchase at this price would reflect a net initial yield of 6.2% after allowing for usual purchaser’s costs of 5.8%, and a capital value of £213 per sq ft.


Tenant, lease and rent summary

Charminster Road Bournemouth BH8 8UU
Retail UnitTenantRental IncomeLease Dates
128 L Rowland and Co. Retail Limited £18,750 01.03.12 -start
28.02.2012 -expiry
No -break
Total Rent £18,750


Covenant Information:

L Rowland and Co. Retail Limited

L Rowland & Co (Retail) Limited is a NHS Pharmacy provider which has been trading from this property for approximately 16 years. The company is long established and has over 500 outlets in the UK. The company turnover for the year ending 31st January 2018 was approximately £494m with net assets of approximately £63m.

Agent's Disclaimer

MESSRS COWLING & WEST FOR THEMSELVES AND FOR VENDORS OR LESSORS OF THIS PROPERTY WHOSE AGENTS THEY ARE GIVE NOTICE THAT: THE PARTICULARS ARE SET OUT AS A GENERAL OUTLINE ONLY FOR THE GUIDANCE OF INTENDED PURCHASERS OR LESSEES, AND DO NOT CONSTITUTE, NOR CONSTITUE PART OF, AN OFFER OR CONTRACT; ALL DESCRIPTIONS, DIMENSIONS, REFERENCES TO CONDITION AND NECESSARY PERMISSIONS FOR USE AND OCCUPATION, AND OTHER DETAILS ARE GIVEN WITHOUT RESPONSIBILITY AND ANY INTENDING PURCHASERS OR TENANTS SHOULD NOT RELY ON THEM AS STATEMENTS OR REPRESENTATIONS OF FACT BUT MUST SATISFY THEMSELVES BY INSPECTION OR OTHERWISE AS TO THE CORRECTNESS OF EACH OF THEM; NO PERSON IN THE EMPLOYMENT OF MESSRS COWLING & WEST HAS ANY AUTHORITY TO MAKE OR GIVEN ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.


There are no plans available to view for this property. Contact the agent for further information

Property Location

The property is situated within the main retail section of Charminster Road, a popular district shopping centre approximately 1.5 miles to the north of Bournemouth town centre. The property is located on the eastern side of Charminster Road at it's junction with Shelbourne Road. The Charminster district centre comprises a mixture of retail and restaurant outlets serving an immediate densely populated residential area with a particularly high student population

Map



CowlingWest
Agents Contact Details

Name: David Cowling
Company: Cowling & West
Address: The White House 170 Magna Road Canford Magna Wimborne Dorset BH21 3AP
Email:
Email the agent
Direct Dial: (01202) 558262
Mobile: (01202) 558262





Download pdf brochure Brochure for:  Charminster Road  Bournemouth Dorset BH8 8UU. Investment Property For Sale: £295,000. Total Floor Area: 129 sq.m/1,388 sq.ft. Net Investment Income: £18,750

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