Retail investment at Warwick Court, 22 Bournemouth Road, Poole
|Property Term:||for sale plus VAT|
Retail investment with ancillary income from ground rents located in a thriving suburb of Poole.
Warwick Court is a mixed use development which comprises a large retail unit on the ground floor with 20 residential apartments above and to the rear of the development.
Ground Floor retail unit - 1,903 sq ft
Block A 5 apartments
Block B 9 Apartments
Block C 6 Apartments
The ground floor retail unit is let to White on Ltd by way of a 15 year full repairing and insuring lease from 8 December 2014. There are upward only rent reviews very 4 years and no break options during the term.
The current passing rent is £27,200 per annum exclusive. There are 3 personal guarantors.
The residential apartments are sold off by way of 125 year long leasehold interests from 2004 with the last being sold in 2006. The leases incorporate 25 yearly RPI rent reviews and the total current ground rent is £3,100 per annum.
Tenure - Freehold
Price - £449,950 plus VAT
Please see attached brochure for more details
Property Misdescription Act and Misrepresentation Act: These particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. Nettleship Sawyer cannot guarantee the accuracy of any description, dimension, references to condition, necessary permissions for use and occupation and other details contained herein and the prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy. No employee of Nettleship Sawyer has any authority to make or give any representations or warranty or enter into any contract whatever in relation to the property. Rents or prices quoted in these particulars may in addition be subject to VAT. Nettleship Sawyer will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.