£80,000
(£114.29/sq. ft)
Retail premises for saleEast Howe Lane, Bournemouth BH10
700 sq. ft
About this property
Investment Consideration:
Gross Initial Yield: 9.00%
Rental Income: £7,200 p.a.
VAT is not applicable to this property
Let until 2030. No breaks. Rent review in 2027
Comprises ground floor retail shop t/a Barbers
Property benefits from outdoor area at front suitable for parking or retail use
Occupiers nearby include Takeaways, Nail Salon, Esso Petrol Station and more.
Property Description:
Comprises ground floor retail shop t/a Barbers with large forecourt suitable for either parking or additional displays, providing the following accommodation and dimensions:
Ground Floor: 65 sq m (700 sq ft)
Open plan retail, storage, wc
Tenancy:
The property is at present let to Yilmax Barber Limited for a term of 6 Years 11 Months from 1st September 2023 at a current rent of £7,200 per annum and the lease contains full repairing and insuring covenants. Rent review on 01.12.27 open market upward only. No breaks. Deposit held of £1,500. Personal guarantee.
Tenure:
Virtual Freehold. Held on a 999 Year lease from 28th August 2020 at a ground rent of peppercorn.
Location:
The property is situated in the middle of a long established retail parade catering for the residential occupiers in the high density housing that surrounds the parade. Occupiers nearby include Chinese takeaway, Fish and Chips, Nail Salon, Esso Petrol Station and more.
Gross Initial Yield: 9.00%
Rental Income: £7,200 p.a.
VAT is not applicable to this property
Let until 2030. No breaks. Rent review in 2027
Comprises ground floor retail shop t/a Barbers
Property benefits from outdoor area at front suitable for parking or retail use
Occupiers nearby include Takeaways, Nail Salon, Esso Petrol Station and more.
Property Description:
Comprises ground floor retail shop t/a Barbers with large forecourt suitable for either parking or additional displays, providing the following accommodation and dimensions:
Ground Floor: 65 sq m (700 sq ft)
Open plan retail, storage, wc
Tenancy:
The property is at present let to Yilmax Barber Limited for a term of 6 Years 11 Months from 1st September 2023 at a current rent of £7,200 per annum and the lease contains full repairing and insuring covenants. Rent review on 01.12.27 open market upward only. No breaks. Deposit held of £1,500. Personal guarantee.
Tenure:
Virtual Freehold. Held on a 999 Year lease from 28th August 2020 at a ground rent of peppercorn.
Location:
The property is situated in the middle of a long established retail parade catering for the residential occupiers in the high density housing that surrounds the parade. Occupiers nearby include Chinese takeaway, Fish and Chips, Nail Salon, Esso Petrol Station and more.
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