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29-36 Westover Rd

18,958 SF 100% Leased Retail Building Bournemouth BH1 2BZ $5,578,411 ($294/SF) 8% Cap Rate

Executive Summary

Mixed Use Asset In The Town Centre Of Bournemouth With Over 75% Of The Income Secured To Strong Covenants For A Further 10 Years. Offers in excess of £4,407,000 subject to contract and exclusive of VAT. A purchase at this level will reflect a net initial yield of 8% after
allowances for purchasers’ costs of 6.8%. Low overall capital value of £150 psf.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
18,958 SF
Building Class
B
Year Built
1960
Price
$5,578,411
Price Per SF
$294
Cap Rate
8%
NOI
$446,273
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.77
Land Acres
0.57 AC

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • -
  • 3,650 SF
  • -
  • Apr 2030

KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM.), is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger lickin’ good recipe decades years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. Today they still follow his formula for success, with real cooks breading and freshly preparing our delicious chicken by hand in tens of thousands of restaurants around the world.

  • -
  • 15,308 SF
  • -
  • Jan 2034

The Gym Group are the lowest cost nationwide 24/7 Gym with 240 locations and counting! It’s their mission to break down barriers to fitness for everyone in the UK, providing top-quality gyms and expert advice at affordable prices. They want to make sure that absolutely everyone feels welcome. Whether this is the first time in a gym and a client is at the very start of a wellness journey or are looking to achieve a new personal best. Whatever the goal and whatever they want to achieve, The Gym Group here to help. They offer no pressure monthly memberships starting from only £13.99. No strings attached. All their gyms have loads of high spec kit, plus a timetable packed full of free exercise classes that clients can use as frequently as they like.

Tenant Industry SF OCCUPIED RENT/SF Lease End
- 3,650 SF - Apr 2030
- 15,308 SF - Jan 2034

Nearby Major Retailers

Prezzo
YMCA
Harvester
Wagamama
Côte Brasserie
Giant
YO!
Frankie & Benny's
Miller & Carter
Nando's
  • Listing ID: 33594186

  • Date on Market: 6/3/2024

  • Last Updated:

  • Address: 29-36 Westover Rd, Bournemouth BH1 2BZ

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