53 Southbourne Grove, Bournemouth, DOR

The property comprises a ground floor banking hall with basement storage and office accommodation on part first and second floors. In addition there are two self contained residential flats on part first and second floors. The property also benefits from on site car parking spaces to the rear.
The premises is situated in Southbourne. Southbourne is a residential suburb located on the eastern side of Bournemouth conurbation, approximately 3 miles east of the town centre and 2 miles west of Christchurch. Southampton is some 20 miles to the north east and Salisbury 24 miles to the north.

Sale Notes:
The investment opportunity comprises a freehold bank investment let to Barclays Plc until 2027 and benefitting from a prominent town centre location.
The investment is available freehold on offers in excess of £410,000, which would give a NIY of 5.2%.
The commercial accommodation is let to Barclays Bank Plc for a term of 20 years from 7 December 2006 on a full repairing and insuring lease subject to a Schedule of Condition at an annual rent of £21,200. The tenant has an option to determine the lease at the end of the 15th year of the term. The residential accommodation on part first and second floors have been let for a term of 125 years from 2004 until September 2129 at a peppercorn rent. The commercial lease contains rent review provisions on the 24 June 2014 and five yearly thereafter.