Home > Auctions > 29 & 30 September 2026 29 September 2026 - 9:00am > Lot 248

29 & 30 September 2026: Tuesday 29 September 2026 - 9:00am
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    Proposed Residential Accommodation Schedule -

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    Key features

    • To be offered on Wednesday 30th September
    • Attractive Virtual Freehold Development Opportunity
    • Planning and Listed Building Consent secured for a comprehensive 33-unit residential scheme.
    • Extending to approximately 2,183 sq m (23,500 sq ft) across the upper parts of the historic Royal Arcade.
    • Majority of residential units already physically formed from former residential accommodation.
    • Six office suites extending to approximately 306 sq m (3,294 sq ft) offering potential for alternative use, subject to the necessary consents.
    • Strong residential mix including one, two and three-bedroom apartments, with numerous duplex units and several apartments extending to in excess of 100 sq m.
    • Located within Bournemouth town centre, immediately above the Royal Arcade retail parade.
    • VAT is not applicable
    • 6 Week Completion Available
    • Vacant

    Description

    The property comprises part ground and extensive upper floor accommodation within the historic Royal Arcade, extending to approximately 2,189 sq m (23,562 sq ft) and benefitting from Planning Permission and Listed Building Consent for conversion and refurbishment to provide a 33-unit residential scheme together with six office suites.


    A residential scheme has been drawn up which illustrates the potential to create a substantial number of residential units above and/or behind the commercial accommodation, subject to the necessary consents.


    The property comprises the extensive upper floors of the historic Royal Arcade in the heart of Bournemouth town centre, presenting a rare opportunity to deliver a substantial residential-led refurbishment and conversion project with the planning position already established.


    The accommodation extends to approximately 2,183 sq m (23,500 sq ft) and benefits from Planning Permission and Listed Building Consent for the creation of a 33-unit residential scheme comprising a mix of one, two and three-bedroom apartments. Significantly, a substantial proportion of the accommodation already benefited from established residential use and consent, with further planning permissions subsequently secured for the additional units required to complete the approved scheme.


    The majority of the proposed apartments are already physically formed within the existing building configuration, having been historically occupied as residential accommodation. Numerous units retain substantial masonry divisions and existing layouts, with drainage infrastructure remaining at former residential locations, albeit purchasers should rely on their own investigations regarding condition and suitability.


    The approved scheme provides an attractive mix of accommodation, including numerous duplex apartments together with a number of generously proportioned two and three-bedroom units, several extending to in excess of 100 sq m. In addition, the property includes six office suites extending to approximately 306 sq m (3,294 sq ft), offering future asset management and potential development opportunities, subject to obtaining any necessary consents.


    Extensive sound testing has already been undertaken and a priced schedule of works has been prepared, providing purchasers with a significant body of due diligence information.


    Estimated Rental Values- Residential and office rental appraisal indicating an aggregate estimated rental value of approximately £495,660 per annum. Interested parties should rely on their own enquiries.

    Additional information

    Tenure

    Leasehold. Held for a term of 999 years from December 2012 at a peppercorn ground rent

    Accommodation

    Arranged over 23,562.3 sq ft (2,189 sq m )

    Tenancy

    Vacant

    Planning

    The property benefits from Planning Permission (Ref 7-2024-16746-AZ) and Listed Building Consent (Ref 7-2019-16746-AS) for the refurbishment and conversion of the upper floors to provide a 33-unit residential scheme.


    A substantial number of the proposed apartments already benefited from residential consent and use, with the remaining units subsequently receiving planning consent to complete the approved 33-unit scheme. The planning position has therefore been comprehensively advanced, with significant work undertaken to secure the necessary consents and establish the residential redevelopment potential of the building.


    The approved accommodation comprises a mix of one, two and three-bedroom apartments, including a number of duplex units. In addition, the property incorporates six office suites which may offer future alternative use or redevelopment potential, subject to obtaining all necessary statutory consents.


    The approved 33-unit residential scheme comprises;

    • 9 one-bedroom apartments averaging approximately 51 sq m
    • 20 two-bedroom apartments averaging approximately 67 sq m
    • 3 three-bedroom apartments averaging approximately 119 sq m
    • 1 studio apartment of approximately 34 sq m

    Total residential accommodation extending to approximately 2,189 sq m (23,562 sq ft)


    Prospective purchasers should rely upon their own enquiries in respect of planning, listed building matters, Building Regulations, condition, services, drainage and all other technical matters prior to bidding.


    All enquiries in this regard should be made with the local authority, BCP Council

    Website: www.bcpcouncil.gov.uk

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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        Proposed Residential Accommodation Schedule -

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        Local information

        The property occupies a prominent position within the Royal Arcade, a landmark Victorian shopping arcade situated in the heart of Boscombe town centre, to the east of Bournemouth. Boscombe is a well‑established and vibrant commercial centre, benefiting from a strong mix of independent retailers, national occupiers, leisure uses and regular street markets.

        The Royal Arcade sits just off Christchurch Road, the town’s principal retail thoroughfare, and forms part of the wider Boscombe Precinct. The area benefits from excellent public transport connections, with frequent bus services linking Boscombe to Bournemouth town centre, Poole and Christchurch, while Pokesdown railway station is within easy reach, providing direct services to London Waterloo. Boscombe seafront and pier are also within close proximity, further enhancing footfall and amenity appeal.

        Transport

        Boscombe benefits from strong public transport connectivity.


        Bus - The property is well served by frequent bus services operating along Christchurch Road and Palmerston Road, providing regular links to Bournemouth town centre, Poole, Christchurch and the wider conurbation.

        Rail - Pokesdown railway station is located approximately 1 mile to the north east and provides direct mainline services to London Waterloo, with journey times of around two hours.

        Road - Bournemouth town centre lies approximately 2 miles to the west and can be reached quickly by bus or taxi. The A35 and A338 provide convenient road access to the regional road network, connecting to the A31 and M27.

        Airport - Bournemouth Airport is approximately 6 miles to the north.

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •Some properties might be open to offers prior to auction. Exchange will take place, subject to contract and no higher offers, on auction terms and as per the legal pack. Please contact the auctioneer with your best and final offer, their details can be found on each lot page.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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