Retail Investment Deal

Retail Investment Deal

Acting on behalf of private clients, Willis Commercial have sold a freehold shop investment at 371 Charminster Road, Bournemouth for the asking price of £109,950.

The shop is let by way of a 9-year full repairing and insuring lease commencing 20th May 2016.

The rent passing is £9,500 per annum, exclusive until May 2022 when it rises to £11,000 per annum, exclusive for the remainder of the term.                                                    

A first floor flat is held on the residue of a 99 lease from 29th September 2010 at a ground rent of £250 per annum.