Costa Coffee, Bournemouth
1577, 1581 Wimborne Road, Kinson, Bournemouth BH10 7BB, UKBasic Facts
| Property ID: 17859 | Post Updated: 2023-12-05 15:29:44 |
| Status: Acquired | Type: Retail - other |
| Tenure: Virtual Freehold | Area: 1823 sq ft |
| Gross Rent: £ 29,568 | Lease Term: 15 yrs from 15/12/2014 |
| Lease Term Expiry Date: 05/12/23 | Years left on Lease: -0.4 |
| VAT applicable: Yes (TOGC Available) |
Property Description
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Virtual Freehold retail investment adjoining a large Tesco superstore
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Set out over ground floor only, the premises are of a rectangular configuration with brick elevations under a multi-pitched, tiled roof, fitted out internally to a high standard in accordance with its use as a Costa Coffee store.
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Construction of the property was completed in 2015, forming part of a wider development including a new circa 25,000 sq ft Tesco superstore.
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Available on new 999 year lease at peppercorn rent
Tenancy Description
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Let on a 15 year FR&I lease from 15th December 2014, expiring 14th December 2029
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There is a tenant break clause in December 2024, which can be removed for 6 months rent free
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The tenant having not implemented an earlier break in 2019
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The current passing rent is £29,568 pa, with one further upward only rent review to Open Market Value in December 2024
Location Description
- Kinson is a busy suburb of the town of Bournemouth, a popular south coast tourist destination and home to two universities
- The subject property is prominently located at the junction of Wimborne Road (A341) and the entrance road to the main car park for a Tesco superstore situated directly to the rear
- Local shopping parades are opposite and adjacent, with nearby occupiers include Dominos Pizza, Bupa Dental and Coral Bookmakers
