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Lot 17 Sold: £170,000

336 Wimborne Road, Winton, Bournemouth, Dorset BH9 2HH

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Lot 17   Click here for addendum

Leasehold Commercial Investment – Gross Yield 10.9%
6 Week Completion

Situation

Located close to the junction with Talbot Road amongst such multiple retailers as Waitrose, Boots Chemist, WHSmith, Holland & Barrett, Betfred, Best-One, Lloyds Bank and Halifax all serving the surrounding residential population being approx. 2 miles north of Bournemouth Town Centre. In addition, Bournemouth University Talbot Campus and Arts University Bournemouth are both approx. 1 mile distant.
Bournemouth is a popular seaside resort on the South Coast approx. 30 miles south-west of Southampton.

Property

Forming part of a semi-detached building comprising a Ground Floor Shop.

Accommodation

Ground Floor Shop
Gross Frontage 17'0”
Internal Width 16'2”
Shop Depth 30'6''
Built Depth 55'3''
WC

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 1st January 2019 at a peppercorn ground rent.

Tenancy

The property is let on an effectively full repairing and insuring lease to C. Manning as a Bubble Tea House for a term of 10 years from 8th February 2019 at a current rent of £18,000 per annum exclusive.

Rent Review and Tenant's Break 2024

Note: There is a £9,000 Rent Deposit held.

Enquire about this lot:

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.