100 Holdenhurst Road, Bournemouth_Property for Sale

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

100 Holdenhurst Road, Bournemouth

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.

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Attributes

Asking price

$12,032,000

Building area net

97,317 sf

Occupancy

75%

Year built

1993

Land area gross

2.2 acres

Media

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.