Landmark building with development potential

Rare opportunity to acquire a prominent site in the heart of Bournemouth’s CBD with development and residential/student accommodation alternative use potential. A large site totalling 2.2 acres providing 97,317 sq ft of modern office accommodation over 6 floors. 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. Vacant possession achievable in the short term with a WAULT to expiry of 1.3 years. Prime headline rents stand at £23.00 per sq ft, offering a significant rental arbitrage compared to Bournemouth and surrounding markets. Exceptional alternative use planning potential for a variety of uses, such as Build to Rent (BTR), Build to Sell (BTS) and Student Accommodation. 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. The property is held freehold.