Post Office Road - Post Office House, Bournemouth, DOR

The property comprises a five storey Grade II listed building. The property is an amalgamation of four buildings with the rear buildings being extensions of the original
which are of various ages and specification.
The property is located in a pedestrianized zone on Post Office Road, linking with Old Christchurch Road which is the prime retailing thoroughfare in the area. The A31 lies close to the property to the north east and provides access to the M27.

Sale Notes:
The investment opportunity comprises ground floor retail accommodation which as been let to pizza express for an unexpired term of 24 years, and the first and second floors have been let to Kings School of English (Tuition). Ltd on a new lease for 15 years.
The restaurant unit is let to Pizza Express Restaurants Ltd on a 25 year FRI lease from January 2011, subject to
5 yearly upward only rent reviews from at £90,000 per annum. There is a tenant break clause at year 15.
The first and second floors have been let to Kings School of English (Tuition) Ltd) t/a Kings Colleges, Bournemouth on a new 15 year FRI lease, subject to annual RPI increases at a commencing rental of £36,400 per annum. The lease will commence on Practical Completion of the upper parts which is due in January 2012.
Therefore, the total rental for both Pizza Express and Kings Colleges, Bournemouth will be £126,400 per annum.