361-363 & 361a Charminster rd 795 SF 100% Leased Retail Building Bournemouth BH8 9QS £290,000 (£364.78/SF) 8.57% Net Initial Yield
INVESTMENT HIGHLIGHTS
- High Street Location
- Shop & 2 Bed Flat
- Producing £24,850 per annum
EXECUTIVE SUMMARY
SITUATION
Occupying a prominent corner position on this established retail thoroughfare, nearby multiples such as Dulux Decorator Centre, Asda Express, Best One and a variety of independent retailers. Bournemouth Town Centre lies approx. 2 miles to the south-west.
Charminster is a popular suburb of the thriving coastal town of Bournemouth which benefits from good road communications with the A338 providing direct access to the A31 and the M27.
PROPERTY
A semi-detached building comprising a Ground Floor Corner Shopwith separate front access to a Self-Contained 2 Bed Flat on the first floor. The property includes a tarmacadam surfaced forecourt for parking approx. 2 cars.
VAT is NOT applicable to this Lot
FREEHOLD
Note 1: We understand that there is potential to convert the ground floor to residential use under permitted development rights, subject to obtaining possession.
Note 2: Refer to the Auctioneers for the video tour of the Flat.
TENANCIES & ACCOMMODATION - See Brochure
Occupying a prominent corner position on this established retail thoroughfare, nearby multiples such as Dulux Decorator Centre, Asda Express, Best One and a variety of independent retailers. Bournemouth Town Centre lies approx. 2 miles to the south-west.
Charminster is a popular suburb of the thriving coastal town of Bournemouth which benefits from good road communications with the A338 providing direct access to the A31 and the M27.
PROPERTY
A semi-detached building comprising a Ground Floor Corner Shopwith separate front access to a Self-Contained 2 Bed Flat on the first floor. The property includes a tarmacadam surfaced forecourt for parking approx. 2 cars.
VAT is NOT applicable to this Lot
FREEHOLD
Note 1: We understand that there is potential to convert the ground floor to residential use under permitted development rights, subject to obtaining possession.
Note 2: Refer to the Auctioneers for the video tour of the Flat.
TENANCIES & ACCOMMODATION - See Brochure
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
795 SF
Year Built
1899
Price
£290,000
Price Per SF
£364.78
Net Initial Yield
8.57%
NOI
£24,850
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.32
Lot Size
0.06 AC
Frontage
10 ft on Acland Road
AMENITIES
- 24 Hour Access
1 of 1
NEARBY MAJOR RETAILERS
