Boscombe: 599/601 Christchurch Road

March 2020
  • Boscombe is a popular seaside town and a suburb of Bournemouth
  • Passing Rent: £78,000 per annum
  • Price: £1,530,000
  • Net Initial Yield: 4.80%

Acting on behalf of Kennedy Wilson, Fawcett Mead has sold the freehold interest in this retail investment to Primark. The property comprises part of the Primark store and is let to Primark Stores Ltd on a 99 year lease which expires in 2059. The price paid was £1.53m which reflected a NIY of 4.80%.

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