348-356 Holdenhurst Road, Bournemouth, BH8 8BH
|For Sale Freehold
|£400,000 offers over
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.
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.
23 two bed flats and car parking in rear car park.
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.
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.
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.
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.