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Mixed Parade (Card Factory, Greggs, Age UK & Restaurant), Boscombe


OIRO
£875,000
S.O.A.

Description

Basic Facts

Status: Available
Type: Various
Tenure: Freehold
Gross Rent: £ 67,000
VAT applicable: Yes

Features

- £1m - £5m
- Asset management / development opportunity
- Customer car parking
- Finance available
- Freehold
- Suitable for a SIPP
- Tenant Multiple

Property Description

* Freehold Retail Parade Investment.
* The property comprises a parade of four retail units and benefits from public car parks to the rear of the property accessed via Hawkwood Road.

Location Description

* Prominent town centre location.
* The property is situated on the south side of the pedestrianised part of Christchurch Road, within the heart of Boscombe’s retail district.
* The Sovereign Shopping Centre is located directly opposite the property, with occupiers including Boots, Poundland, JD Sports and Lidl. Other neighbouring occupiers include WH Smith, Primark, Sainsbury’s, Santander and NatWest.

Additional Notes

* The property may be suitable for redevelopment of upper parts (subject to consents).
* Unit 617 let to Age UK for 10 yrs FRI from August 2008 at passing rent of £19,500.
* Unit 619 let to Gregg Plc for 10 yrs FRI from December 2014 at passing rent of £14,500. The tenant has option to determine the lease on 25th December.
* Unit 621 let to Sportswift Ltd for 5 yrs FRI from Feburary 2014 at passing rent of £20,000.
* Unit 623 let to Aldo grill Ltd for 7 yrs FRI from June 2017 at passing rent of £13,000. The seller holds rent deposit of £4,550 including VAT.

Categories

ShopsHigh Street Retail PropertyRestaurantsInvestment PropertyCommercial Investment Property
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