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11 Withermoor Rd 366 SF Retail Building Bournemouth BH9 2NT $190,993 ($521.84/SF) 8.31% Cap Rate
Investment Highlights
- Freehold lock-up shop investment in an established Bournemouth suburb.
- Attractive purchase price of £140,000 reflecting approximately 8.31% NIY.
- Tenant business established for approximately 33 years.
Executive Summary
Freehold lock-up shop investment occupying a prominent secondary trading position in Winton opposite Lidl and close to Greggs, Waitrose and Superdrug. The property comprises a single-storey retail unit let to Jireh's Grace Ltd trading as Quickpics on full repairing and insuring terms. The tenant business has been established for approximately 33 years and the current lease runs until May 2031 with an upward-only rent review at the end of year three.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Freestanding
Building Size
366 SF
Building Class
C
Year Built
1990
Price
$190,993
Price Per SF
$521.84
Cap Rate
8.31%
NOI
$15,872
Tenancy
Single
Building Height
1 Story
Building FAR
0.84
Lot Size
0.01 AC
Amenities
- Security System
- Storage Space
- Smoke Detector
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Nearby Major Retailers
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11 Withermoor Rd
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