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Retail Units & Shops

Dorset

Bournemouth

property

Under Offer

Units 1-3, 1577/1581 Wimborne Road, Kinson, Bournemouth Units 1-3, 1577/1581 Wimborne Road, Kinson, Bournemouth, BH10 7BB

Use Class

Size

1,823 sq ft

Rent pa

POA

Price

£400,000

Market Sector

High Street Scheme

Key Features

Tenant company a Costa Coffee franchisee, understood to have approximately 15 further stores in the region.
Highly prominent location, adjoining Tesco superstore.
Building of modern construction, completed in 2015.
Situated in busy suburb some 4 miles north of Bournemouth town centre.
‘Ex-Act’ occupier lease, expiring 14th December 2029.
Producing income of £29,568 pa, with rent review December 2024.
Available on new 999 year lease at peppercorn rent.
Guide price £400k, reflecting a net initial yield of 7.1%

Description

RETAIL INVESTMENT PROPERTY FOR SALE TRADING AS "COSTA COFFEE"

Construction of the property is understood to have completed in 2015, forming part of a wider development including a new circa 25,000 sq ft Tesco superstore.

Set out over ground floor only, the premises are of a rectangular configuration with brick elevations under a multi-pitched, tiled roof, fitted out internally to a high standard in accordance with its use as a Costa Coffee store.

Location

Kinson is a busy suburb of the town of Bournemouth, a popular south coast tourist destination and home to two universities.

The subject property is prominently located at the junction of Wimborne Road (A341) and the entrance road to the main car park for a Tesco superstore situated directly to the rear. Local shopping parades are opposite and adjacent, with nearby occupiers include Dominos Pizza, Bupa Dental and Coral Bookmakers.

Key Information

Viewing

Strictly by appointment.

Legal

The Money Laundering Regulations 2017 place a legal obligation on the agents to identify a proposed purchaser once the sale has been agreed and prior to instructing solicitors. Confirmation of the source of the purchaser’s funds will also be required.

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.