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688 Christchurch Road, Bournemouth, DOR

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688 Christchurch Road

Bournemouth, BH7 6BY

(1.9 MB)

Property type:Retail Sub type:Storefront Retail/Residential Status:Existing Year built:1910
Building size:2,151 sq ft
For sale price:£155,000 Price:£72.06 sq ft
Features:EPC - G

The property comprises a building of masonry construction arranged over two floors which offers retail accommodation on the ground floor.

The property is located on the north side of Christchurch Road (A35) in Bournemouth, between its junctions with Portman Road and Ashley Road. The A35 provides a link to the A338 Wessex Way which leads to the A31 trunk road to the east of the town, which in turn connects to the M27 south coast motorway. Bournemouth and Pokesdown railway stations are both also within close proximity.

Sale Notes:
Offers invited in region of £165,000 subject to contract for the freehold investment with the benefit of existing tenancies. This represents a net initial yield of 7.57% (based on standard purchasers costs of 1.69%).

Flat above shop at 114a Haviland Road

Ground rent income £200 per annum from long-leashold granted for a term of 125 years from 1st January 2015 with the benefit of 10 yearly RPI ground rent reviews.

Shop at 688 Christchurch Road

Let for a term of 5 years from 3rd June 2016. Passing rent of £12,500 per annum with upwards only rent reviews on every third anniversary of the lease.

Primmer Olds UK Ltd
Duane Walker
023 8022 2292

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