Retail Investment Acquisition – 627 / 629 Christchurch Road, Bournemouth
Primmer Olds B.A.S recently acquired the above investment property on behalf of a retained local client, who came to us seeking high yielding property with strong covenants. 627 / 629 comprised two retailers, Bournemouth Coffee Co t/a Costa and Timpson’s Limited.
We were aware that Bournemouth Coffee Co recently transferred their training centre from their Blandford unit over to this site in Boscombe and spent in excess of £200,000 on fit-out; whereas Timpson’s were well established having traded from the site for in excess of 24 years! Both tenants had a lengthy term certain remaining on their leases with a WAULT 10.97 Years. The property was acquired for a figure reflecting a yield just shy of 8%.
Primmer Olds B.A.S have recently opened their Bournemouth office, Dorset and are delighted to have assisted with the acquisition of a property on their doorstep! If you require assistance acquiring a suitable commercial investment property in Dorset then please do not hesitate to get in contact on 01202 013 015.