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
128 Charminster Road Bournemouth - L Rowland and Co. Retail Limited| Measurement | imperial | metric |
|---|
| Ground Floor | 993 sq.ft | 92 sq.m |
| First Floor | 395 sq.ft | 37 sq.m |
| Total Floor Area | 1,388 sq.ft | 128.95 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 Unit | Tenant | Rental Income | Lease 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 LimitedL 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
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