Retail premises for sale in Holdenhurst Road, Bournemouth BH8, £400,000

400,000.00

Offer Nr.:
60311864
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Nettleship Sawyer
Phone(s):
01202 060363

**Location
**
The property is very prominently located on this busy main arterial road at
the junction with Cleveland Road. Holdehurst Road runs parallel to the main
A338 Wessex Way, the principal route providing access across the
Bournemouth/Poole/Christchurch conurbation.
There is a good mix of local and national occupiers in Holdenhurst Road
including Aldi, Co - op, Halfords Autocentres and National Tyres.
**Accommodation
**
Showroom
Internal Width - 68' 3” max
Depth - 59' 4”
Net Floor Area - 3, 745 sq ft
Car parking on forecourt and 7 spaces in rear car park.
Flats Over
23 two bed flats and car parking in rear car park.
**Leases
**
Ground Floor Showroom
Let to Parts Alliance Group, trading as gsf with 200 branches nationwide on a
6 year lease from July 2021 (with a further 6 year option) at a rent of
£28, 000 pax, subject to 3rd year tenant only break clause and 5th year rpi
lined rent review (capped and collared at 5/2%) on full repairing and insuring
terms.
**Flats over
**
23 flats all sold off on 99 - year ground leases from June 2000 currently
producing £5, 263. 71 pax, subject to 5 year rpi linked rent reviews throughout
the term.
Although 13 of the leases have been extended only 6 flats no longer pay ground
rent. 10 leases have an unexpired term of approx. 78 years.
**Price
**
Offers invited over £400, 000 for the freehold interest, subject to the
occupational lease on the showroom and the ground leases on the flats over.

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