Property Description
The property is located at the eastern end of Southbourne Grove situated between Sainsburys Local and an Esso petrol filling station. It is a prominent 3 storey building comprising retail on the ground floor together with 8 flats above which have been sold on a long lease. There is a rear access off New Park Road which provides servicing and car parking. The property has an extensive frontage of approximately 53 ft. to Southbourne Grove. The current ground floor accommodation extends to approximately 1,650 sq. ft., and the tenant intends to develop the site as a bar/brasserie.
Measurements
54-56 Southbourne Grove Southbourne Bournemouth - Rising Bars Limited| Measurement | imperial | metric |
|---|
| Ground Floor | 1,650 sq.ft | 153 sq.m |
| Gross Frontage | 52′12″ | 16.15 m |
| Total Floor Area | 1,650 sq.ft | 153.29 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 £400,000 subject to contract and exclusive of VAT. This equates to a capital value of £243 per sq ft.
Tenant, lease and rent summary
Southbourne Grove Bournemouth BH6 3RB
| Retail Unit | Tenant | Rental Income | Lease Dates |
|---|
| 54-56 |
Rising Bars Limited |
£26,400 |
01.10.18 -start
01.10.43 -expiry
No -break |
| Total Rent |
|
£26,400 |
|
Covenant Information:
Rising Bars LimitedRising Bars Limited is a new company which has been set up by the 2 directors who have offered personal guarantees to the lease. Both directors have extensive experience in the food and beverage industry.
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
Southbourne is a thriving suburb of Bournemouth and is located approximately 3 miles to the east of Bournemouth town centre. The suburb serves a substantial residential population and is a popular location for holiday makers. The suburb accommodates a range of retail, leisure and service occupiers including Boots, Sainsburys Local, Costa, Tesco Express and a range of independent cafes and bars.
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