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To Let Prime Town Centre Fully Fitted Restaurant Premises with Outside Ref: 010515LHP RATES EXEMPT TO 31 ST MARCH 2021 To Let Prime Town Centre Fully Fitted Restaurant Premises with Outside Seating 11 Post Office Road Bournemouth Dorset BH1 1BB BOURNEMOUTH LOCATION Bournemouth is Dorset's principal commercial centre These town centre premises occupy an excellent and one of the UK's premier seaside resorts. It has a trading location fronting Post Office Road which links residential population in excess of 160,000 persons and the prime section of Old Christchurch Road with a primary shopping catchment of 396,000 persons Richmond Hill, falling within Bournemouth’s long- within a 6-mile radius (FOCUS). established bar/ restaurant circuit. The town is a thriving tourist destination with an Cosy Club (Loungers Group), Zizi, Be At One, estimated 1.5 million staying visitors and 3.8 million-day Wildwood, Slug & Lettuce and Starbucks all trade visitors every year. within close proximity of the subject premises. Bournemouth also benefits from a substantial and Also trading in Post Office Road are Lush, Patisserie growing student population with in excess of 20,000 Valerie and Subway amongst others. students attending the University. A short distance away in Old Christchurch Road is the The town has seen substantial inward investment newly, fully pedestrianised Beale Place which is rapidly in recent times. becoming a successful food orientated hub of the town. This includes two new hotels, Hilton Bournemouth and Here will be found Cremma Café (coffee & desserts), Hampton by Hilton and the BH2 Leisure Complex which Kokoro (sushi) and Churros & Paella all of whom comprises approximately 115,000 (10,683 sq m) of have opened recently. retail and leisure space arranged over 5 levels. The Dingles (House of Fraser ) department store is The scheme is anchored by a 10 screen, 2,000 seat also situated on this side of the town together with other Odeon multiplex cinema and 17 family orientated, major retailers. branded restaurants. These include Esquires, Top Shop, Superdry, These include Chiquito, Prezzo, Pizza Express, Claire’s, Ernest Jones, Waterstones, McDonalds, Nando’s. Miller & Carter Steakhouse, TGI Fridays, The White Stuff and Swarovski. Real Greek, Coast to Coast, Ask Italian, Frankie & Benny’s & Five Guys. Ref: 010515LHP DESCRIPTION RATES This handsome property was for many years home to According to the VOA website the assessment for this Bournemouth’s main post office and has a Grade 11 property is stated as: listed façade. Shop and Premises, Rateable Value: £ 57,500. The premises, which were formerly occupied by Pizza The standard multiplier for the year ending 31 st March Express, are extensively equipped for the restaurant 2021 is 51.2p in the £. trade. For more information, visit: They are currently fitted for 146 covers in addition to https://www.gov.uk/introduction-to-business-rates which it is understood that the previous tenants also had a number of tables and chairs situated outside to However, via the provisions of the Government’s the front. Expanded Retail Discount 2020/21: Coronavirus Response, eligible occupiers should benefit from 100% relief in relation to Business Rates during the current ACCOMMODATION year ending 31 st March 2021 and will thus have NO RATES TO PAY. The accommodation with approximate areas and dimensions is as follows: Applicants must satisfy themselves as to their eligibility . Gross Frontage: 61’2” 18.65 m Further details at: Internal Width (max): 58’10” 17.94 m https://www.gov.uk/government/publications/business- rates-retail-discount-guidance Main Sales Area: 2,450 sq ft (228 sq m) Wash Up/ Food Prep Area: 269 sq ft (25 sq m) FINANCE ACT 1989 Ancillary Areas: 174 sq ft (16.1 sq m) Unless otherwise stated, all prices and rents quoted are exclusive of Value Added Tax. Any intending purchaser Male Cloakroom: Fully tiled with 2 urinals, 2 wash or lessee must satisfy themselves as to the incidence of basins and 1 WC cubicle. VAT in respect of any transaction. Female Cloakroom: Fully tiled with 3 WC cubicles & 3 wash basins. LEGAL COSTS Accessible Cloakroom: Fully tiled with WC, wash Each party to bear their own legal costs. basin and baby changing unit. ENERGY PERFORMANCE CERTIFICATE TOTAL NET INTERNAL AREA Energy Performance Asset Rating E (103) 3,325 sq ft (309 sq m) approximately. Full EPC available for viewing on our website. TERMS VIEWING The premises are available by way of a new full By prior appointment via the joint sole agents Willis repairing and insuring lease for a term to be agreed, at Commercial through whom all negotiations must be a commencing rent of £75,000 per annum, exclusive. conducted. The lease will provide for upwards only rent reviews at 5 yearly intervals. JOINT AGENTS Patrick Willis – 01202 887555 [email protected] Grant Cormack – 01202 550000 [email protected] Ref: 010515LHP Ref: 010515LHP Ref: 010515LHP .
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