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348-356 Holdenhurst Rd 3,745 SF Retail Building Bournemouth BH8 8BH $461,962 ($123.35/SF) 10.35% Cap Rate
Investment Highlights
- Highly prominent corner location on a busy arterial road
- RPI-linked ground rents with 5-yearly reviews
- Ground floor showroom of 3,745 sq ft
Executive Summary
This freehold commercial investment occupies a highly prominent corner position on Holdenhurst Road, a busy arterial route in Bournemouth.
The ground floor showroom is let to GSF Car Parts Ltd, a strong national covenant with over 200 branches, producing £29,400 per annum on a lease from August 2021 with further renewal options. The upper parts comprise 23 flats which have been sold off on long leases, generating £6,809.76 per annum in ground rents, with RPI-linked reviews every five years. The asset provides a total income of £36,209.76 per annum, offering investors a strong yield in a well-connected and established commercial location.
The ground floor showroom is let to GSF Car Parts Ltd, a strong national covenant with over 200 branches, producing £29,400 per annum on a lease from August 2021 with further renewal options. The upper parts comprise 23 flats which have been sold off on long leases, generating £6,809.76 per annum in ground rents, with RPI-linked reviews every five years. The asset provides a total income of £36,209.76 per annum, offering investors a strong yield in a well-connected and established commercial location.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
3,745 SF
Building Class
B
Year Built
1912
Price
$461,962
Price Per SF
$123.35
Cap Rate
10.35%
NOI
$47,800
Tenancy
Single
Building Height
4 Stories
Building FAR
0.27
Lot Size
0.32 AC
Parking
7 Spaces (1.87 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 5
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348-356 Holdenhurst Rd
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