3-5 Lansdowne Road, Bournemouth, Dorset, BH1 1RZ
For Sale
- Investment
- 2,025 Sq Ft
- POA
Investment for Sale
Key Features
- Single storey commercial premises operating as a licenced restaurant and takaway trading as the Noodle Bar
- Current rental income: £24,000 p.a. with 14 years guaranteed income from the existing lease and completed reversionary lease that expires in September 2040
- Total floor area: 2025 sq.t. (188 sq..) approx. and parking
Property Description
The Lansdowne is a busy part of the Town Centre where Bournemouth University now has its administration offices and numerous Student halls of
residence. The central business district is located nearby in Oxford Road. The Lansdowne has a wide range of commercial occupiers that cater for both the student population and office workers in the immediate vicinity. The property is located on the corner of Lansdowne Mews and next door to the newly built Lansdowne Church.
The subject property is single storey and is fitted out and operating as a Licenced restaurant and Takeaway, trading as the Noodle Bar. The business
was opened in 2014 and is a very busy and popular restaurant within the Lansdowne area of the Town Centre. Further information can be found on
their website on the link below
https://www.nbar.u
residence. The central business district is located nearby in Oxford Road. The Lansdowne has a wide range of commercial occupiers that cater for both the student population and office workers in the immediate vicinity. The property is located on the corner of Lansdowne Mews and next door to the newly built Lansdowne Church.
The subject property is single storey and is fitted out and operating as a Licenced restaurant and Takeaway, trading as the Noodle Bar. The business
was opened in 2014 and is a very busy and popular restaurant within the Lansdowne area of the Town Centre. Further information can be found on
their website on the link below
https://www.nbar.u
Accommodation
Width 44’00” (13.4m)
Depth 39’06” (15.1m)
Total Floor Area 2,025 sq.ft. (188 sq.m.) Approx
Designated parking in Lansdowne Mews adjoining the Lansdowne Church
Depth 39’06” (15.1m)
Total Floor Area 2,025 sq.ft. (188 sq.m.) Approx
Designated parking in Lansdowne Mews adjoining the Lansdowne Church
Tenure
The property is held by way of a 10 year lease from 5 September 2020 let to an individual who is trading as the Noodle Bar Bournemouth. The September 2025 rent review was agreed at a rental of £24,000 p.a.
A Reversionary lease from September 2030 for a term of 10 years has now been completed with a commencing rental of £24,000 but with a day 1 rent
review in September 2030
In addition, we are legally required to carry out anti-money laundering checks (AML) on the tenant, purchaser or director of a Limited company. There is an administration fee of £30.00 plus VAT for each AML check
A Reversionary lease from September 2030 for a term of 10 years has now been completed with a commencing rental of £24,000 but with a day 1 rent
review in September 2030
In addition, we are legally required to carry out anti-money laundering checks (AML) on the tenant, purchaser or director of a Limited company. There is an administration fee of £30.00 plus VAT for each AML check
Price
£325,000 freehold subject to and with the benefit of 14 years unexpired
lease term and guaranteed rental income
lease term and guaranteed rental income
Location
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