Commercial Property Investment For Sale Bournemouth – READ MORE Read more. Martin and Company are delighted to offer a large house split into two houses with two large gardens and two garages. The first floor is rented and is well maintained by the tenants. The downstairs apartment is ready for painting and a decorative touch to transform it into a wonderful ground floor home. The property is sold for free and comes with a flood of options that any opportunist can find. Call now to view.
Martin & co is based on Southend High Street and has a network of over 300 offices across the UK. Founded in 1986, it provides a responsive local rental and sales service backed by a national brand.
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We have decades of experience in the housing market. We always strive to be the best; The best in the country, the best in your area – and the best for your property. Each office is managed
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Advertisement – Property Title 100538006663. The information displayed about this property is a real estate advertisement. It is not responsible for the accuracy or completeness of the advertisement or any information relating thereto or related thereto, and has no control over the content. This property ad does not include property details. Information provided and maintained by Martin & Company, Southend. Please contact the sales representative or developer for information available under the Energy Performance of Buildings (Certification and Testing) (England and Wales) Regulations 2007. or Home Report if related to a residential property in Scotland.Bournemouth is a busy and attractive seaside resort located 100 miles south west of London, 22 miles west of Southampton and 6 miles east of Poole. The city benefits from good road communications provided by the A338 which links to the A31 and in turn the M27 motorway. Regular train services are good as the fastest journey from Bournemouth to London Waterloo is approximately 1 hour 50 minutes.
Bournemouth has a population of approximately 160,000 and a catchment area of 396,000. The town is an important tourist center on the south coast of England and directly east of the Jurassic Coast, a World Heritage Site. site. Bournemouth also benefits from a significant and growing student population with over 17,000 students at the university.
Bournemouth’s main shopping street is divided into two main pedestrian thoroughfares; Commercial Road to the west and Old Christchurch Road to the east. The town has a wide range of major national retailers including Debenhams, Beales and House of Fraser, many retailers Next, Topshop/Topman, Monsoon, Marks & Spencer, H&M, Boots and Primark.
The subject property occupies a prominent position on the edge of the main pedestrianized shopping street of Commercial Road adjacent to Terrace Road. Major retailers nearby include H&M, JD Sports, Zara, Marks & Spencer, River Island and Primark.
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The land consists of three shop units of brick construction, part pitched, part flat roofed.
102 Commercial Road (Maplin) and 104 Commercial Road (Animals) both provide good sized ground floor shops with additional first floor space. Both stores have a false facade on the second floor.
106 Commercial Road (Ojo Rojo) offers a spectacular end to the restaurant and bar on the ground floor of the parade, another restaurant and an open kitchen (approx. 120 covers) on the first floor. The second floor has limited access and provides an additional food preparation area and office. We understand the tenant has spent £300,000 setting up the unit.
A set of floor plans is available for download and a detailed survey report is available for a buyer’s assignment.
Old Christchurch Rd, Bournemouth
102 Commercial Road, let to Maplin Electronics Limited from 30 November 2011 to 21 March 2017 at a current rent of £52,000 per annum on a full repair and insurance lease basis. There is a 5 year reversionary lease (approximately 5.5 years unexpired) from 22nd March 2017 with the benefit of a ‘one day’ rent review above. Tenants have been granted a rent-free period expiring on November 4, 2016. The seller will ‘collect’ any shortfall in rent due to termination.
104 Commercial Road Limited let to H Young (Operations) t/a Animal from 25 March 2012 with 5 years repairs and insurance (approximately 6 months unexpired) at a current rent of £50,000 per annum. Leases are contracted by the Landlord and Tenant Act, 1954.
106 Commercial Road Limited t/a Ojo Rojo (with director’s guarantee) is let on a repair and insurance lease basis for 15 years from 22 December 2015 (unexpired for approximately 14.25 years) on a step lease basis as follows:
Tenancies over 5 years are subject to rent inspection only and the landlord has the benefit of a £10,000 plus VAT deposit to be returned to the tenant after 5 years subject to good rent payment history / tenancy. Agreements. The seller will pay an additional £40,000 per year at the end of the lease.
Bournemouth And Poole Councils Buy Commercial Property
Maplin was founded over 40 years ago and is a leading electronics and accessories retailer in the UK and Ireland. Maplin operates approximately 220 stores as well as providing a comprehensive online, telephone and email sales service. Visit www.maplin.co.uk for more information.
Animal is an action sports lifestyle brand based in Poole. Founded in 1987, today the company caters to a number of mainstream sports including BMX, surfing, snowboarding, skiing, skating and mountain biking. Pet stores can be found throughout the UK and for more information visit www.hyoung.co.uk or www.animal.co.uk.
The company is a subsidiary of H Young Holdings Plc which operates in two divisions; Sports & Leisure and Automotive Aftermarket. The group’s businesses include the Animal, Leeds, Madison, Saxon, Sportline and Tony Pryce brands.
Creditsafe gives H Young (Operations) Limited a rating of 94/100 indicating a ‘very low risk’ of business failure.
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Rojo Restaurants Limited (Co. No. 09636817) t/a Ojo Rojo founded in 2015 is an exciting new establishment and bar offering Mexican street food inspired dishes and a specialty drink menu. The company is yet to report its first accounts. Tenants have a personal guarantor and in addition a £10,000 plus VAT tenancy deposit is held by the landlord. This is refunded to tenants after 5 years if they demonstrate good rent payment history. For more information visit www.ojo-rojo.co.uk.
We break down the current restaurant rent as follows, assuming half the sales on the first floor/kitchen and £1 psf on the second floor.
Rents in Bournemouth have come under pressure since the opening of Castlepoint Shopping Park and during the recession. However, the city resisted and in the last few years the image of the occupation has become better and stronger.
Legal & General’s new 115,000 sq ft site, due to open this Christmas, will further strengthen the West Central area, which already has a new 10-screen Odeon cinema and is home to Frankie & Benny’s, Ask Italian and TGI. The center of the city.
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However, demand for space has improved, particularly on Commercial Road, with the arrival of new large stores for Primark and River Island. Other recent hires are JD Sports and Tiger nearby.
In our view, with other new leases on nearby Commercial Road and several existing vacant stores, prospects for rental growth from existing leases look good.
The structure of the building with a false second floor facade gives the impression that the shops have second floor space. There is no useful space for retail units, with a flat roof and only the second floor above the restaurant providing limited additional space. There may be an opportunity in the future, subject to obtaining planning permission, to develop this site to provide more space for shops or to build residential housing of this standard and potentially higher.
Finally, as business demand improved, 104 Commercial Route (Animals) was removed from the Landlord and Tenant Act 1954, so an investor could hold the shop on completion, keep the rent high and provide return value to the rest. . The block
Southbourne Grov, Bournemouth, Bh6 3qu
Property is selected for VAT. The sale is expected to be treated as a going concern transfer (TOGC).
Our client is seeking offers in the region of £1,650,000 (six hundred and fifty thousand pounds) subject to contract, representing a net initial yield of 8.11%. Ellis and Partners Ltd.No. 04669426. Ellis and Partners (Bournemouth) Ltd No. Registered Office: 4 Dean Park Crescent, Bournemouth, Dorset BH1 1LY
The property is located on the main shopping street of Christchurch Road leading to Pokesdown. This is a very busy area
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