Office

100 Holdenhurst Road, Bournemouth

100 Holdenhurst Rd, Bournemouth, DORSET, BH8 8AQ, UK

100 Holdenhurst Road, Bournemouth_Property for Sale

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100 Holdenhurst Road, Bournemouth 2_Property for Sale

Asset Description

100 Holdenhurst Road offers a rare opportunity to acquire a prominent site in the heart of Bournemouth’s CBD with development and residential/student accommodation alternative use potential.


The property is currently let to two tenants, producing a total income of £557,977 per annum, reflecting a low average rent of £12.77 per sq ft.


Highly accretive repositioning potential with an opportunity to capitalise on Bournemouth’s acute shortage of Grade A office stock and prime rents currently standing at £23 per sq ft.


• 321 spaces located in a secure two-storey car park with surface level visitor spaces providing an attractive town centre ratio of 1:300 sq ft.


Internally, the property is fitted out with suspended mineral fibre ceiling tiles, raised access floors and carpet floor finishes to the offices.


The property is held freehold.

Attributes

Asking Price
TRY 220,871,000
Building area Net
9,041 m²
Occupancy
75.00%
Year built
1993
Property Reference Number
10013448593

Investment Highlights

Located in the heart of Bournemouth’s CBD and Lansdowne Employment Area, a key location for employment and enterprise on the South Coast.


Landmark building on a large 2.2 acre site with 321 car parking spaces, just 300 metres from the railway station.


Vacant possession achievable in the immediate to short term with a WAULT to expiry of 1.3 years.


Exceptional alternative use potential for both residential and student accommodation supported by local schemes and Bournemouth’s planning framework.


Highly accretive repositioning potential with an opportunity to capitalise on Bournemouth’s acute shortage of Grade A office stock and prime rents currently standing at £23 per sq ft.


100 Holdenhurst Road is set to benefit from £23 million of Government investment in Boscombe as part of the Bournemouth Town Investment Plan.

100 Holdenhurst Road, Bournemouth 4_Property for Sale

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Last updated
20 Jan 2023