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St Peters Quarter Old Christchurch Rd 70,912 SF 85% Leased Retail Building Bournemouth BH1 2AD $6,814,792 ($96.10/SF) 10% Cap Rate

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Investment Highlights

  • Excellent connectivity
  • Prominent position
  • Close proximity to local amenities

Executive Summary

Comprising a substantial, 70,912 sq ft mixed use block situated in the heart of Bournemouth Town Centre. Multi let producing a current income of £526,785 per annum. Freehold.
Planning granted for 32 Student halls of residents as well as numerous other short term asset management opportunities.

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
70,912 SF
Building Class
B
Year Built
1986
Price
$6,814,792
Price Per SF
$96.10
Cap Rate
10%
NOI
$681,479
Percent Leased
85%
Tenancy
Multiple
Building Height
5 Stories
Building FAR
2.42
Lot Size
0.67 AC
Frontage
51’ on Old Christchurch Road

Amenities

  • Security System
  • Automatic Blinds
  • Storage Space
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • Lower Level
  • 1,000-8,000 SF
  • Retail
  • In-Line
  • Now

The unit is the large open plan basement located below. The space suitable to be converted to a gym / gallery / casino / sports area, or simply used for storage. The unit will require work to turn into a useable space. Alternatively, the unit can be used for storage immediately.

  • 20
  • 2,312 SF
  • Retail
  • In-Line
  • Now

The property consists of a ground floor, a small basement staff room, and a larger basement store. Available on a new lease with terms to be negotiated at a rental of £30,000 per annum plus VAT exclusive of Service charge and Buildings Insurance.

Space Size Space Use Position Available
Lower Level 1,000-8,000 SF Retail In-Line Now
20 2,312 SF Retail In-Line Now

Lower Level

Size
1,000-8,000 SF
Space Use
Retail
Position
In-Line
Available
Now

20

Size
2,312 SF
Space Use
Retail
Position
In-Line
Available
Now

Lower Level

Size 1,000-8,000 SF
Space Use Retail
Position In-Line
Available Now

The unit is the large open plan basement located below. The space suitable to be converted to a gym / gallery / casino / sports area, or simply used for storage. The unit will require work to turn into a useable space. Alternatively, the unit can be used for storage immediately.

20

Size 2,312 SF
Space Use Retail
Position In-Line
Available Now

The property consists of a ground floor, a small basement staff room, and a larger basement store. Available on a new lease with terms to be negotiated at a rental of £30,000 per annum plus VAT exclusive of Service charge and Buildings Insurance.

Nearby Major Retailers

YMCA
The Gym Group
Harvester
Harry Ramsden's
Prezzo Trading
Wagamama
Côte Brasserie
Tortilla
Cosy Club
Slug & Lettuce Company
  • Listing ID: 33530330

  • Date on Market: 10/16/2024

  • Last Updated:

  • Address: Old Christchurch Rd, Bournemouth BH1 2AD

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