Bournemouth is an affluent commercial south coast town located approximately 100 miles (165 km) south west of London.

Bournemouth has a Primary Retail Market Area of 435,000 ranking the town 21 out of the 200 Promis centres (Promis August 2024).

The investment offers a prime retail/leisure investment with 92% of the income let to the national covenants of Tesco, The Ivy, Stonegate and the Azzurri Group.

Long income with a WAULT to expiry of 10.76 years and 10.30 to break.

84% of the income is subject to indexation, with c.44% of the income, subject to indexed rent review in 2025,providing a near term guaranteed rental increase.

Strong trade from tenants, indicated by lease initiatives, including Tesco not operating a break clause in 2020 and reversionary leases agreed with Slug and Lettuce and Zizzi.

New lease recently completed with The Ivy for an unbroken term of 25 years with 5 yearly RPI indexed rent reviews.

Our clients are seeking offers in excess of £11,500,000(Eleven Million Five Hundred Thousand Pounds) subject to contract and exclusive of Vat, which reflects a net initial yield of 8.4% increasing to 9.2% in October 2025.The sale price reflects a capital value of c £205 per sqft.