Iceland, Boscombe
521/527 Christchurch Road, Boscombe, Dorset, BH1 4AGBasic Facts
| Property ID: 5033 | Post Updated: 2019-06-24 10:41:21 |
| Status: Acquired | Type: Supermarket |
| Tenure: Freehold | Gross Rent: £ 75,093 |
| Lease Term: 25 years from Feb '05 | VAT applicable: Yes |
Property Description
- Freehold Blue-Chip Supermarket Investment
- 10,000 sq.ft. ground and basement unit with upper floor flats sold off on long leases
- Parking for 12 cars
Location Description
- Boscombe is located 2 miles east of Bournemouth and 26 miles south-west of Southampton on England’s south coast
- The property is situated on the southern side of Christchurch Road (A35), approximately 300m from the Sovereign Shopping Centre. Sovereign Shopping Centre houses retailers including Boots the Chemist, Lidl, Wilko and Caffè Nero with other occupiers on Christchuch Road including Sainsbury’s, Primark, WH Smith and Superdrug.
Additional Notes
- Let to Iceland Foods for 25 years from 28/02/2005 with a break in 28/02/2025 for £75,093 p.a. FR&I, property is part sublet
- 5 yearly rent reviews with fixed rental increases of 2.5% annually compounded.
Features
£500k - £1m
Blue-chip tenant
Customer car parking
Finance available
Freehold
Lease term: 10 - 15 years
Minimum Rental Uplifts
Suitable for a SIPP
