Retail Investment Opportunity in Bournemouth

54-56

Southbourne Grove Southbourne Bournemouth Dorset BH6 3RB

Investment Property For Sale: £400,000
Total Floor Area: 153 sq.m/1,650 sq.ft
Net Investment Income: £26,400 per annum




Last updated: 30 Oct 2019 Ref: I9327

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

  • Net Internal Floor Area
54-56 Southbourne Grove Southbourne Bournemouth - Rising Bars Limited
Measurementimperialmetric
Ground Floor1,650 sq.ft153 sq.m
Gross Frontage52′12″16.15 m
Total Floor Area1,650 sq.ft153.29 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 UnitTenantRental IncomeLease 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 Limited

Rising 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.

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:  Southbourne Grove Southbourne Bournemouth Dorset BH6 3RB. Investment Property For Sale: £400,000. Total Floor Area: 153 sq.m/1,650 sq.ft. Net Investment Income: £26,400

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