Commercial Mortgages in Southbourne: The hidden gem for business growth in Bournemouth

georsec
Jun 30
4 min read

Updated: Jul 2

When it comes to starting or expanding a business in Bournemouth, many overlook Southbourne—yet this bustling, diverse suburb could be the perfect place to launch your next commercial venture. Offering affordable commercial spaces, strong community support, and easy access to the coast, Southbourne is emerging as a top contender for those looking to invest in commercial property.

In this blog, we’ll explore why Southbourne should be on your radar for a commercial mortgage, the types of mortgages available, and how your business can thrive in this unique part of Bournemouth.

Why Southbourne? A prime location with endless possibilities

While Bournemouth Town Centre and other well-known areas get much of the attention, Southbourne is quietly carving out a name for itself as a hub for innovation, creativity, and business development. Here's why:

1. A business-friendly community

Southbourne isn’t just a beautiful coastal suburb; it’s a community that welcomes small businesses, start-ups, and entrepreneurs. From Southbourne Grove with its diverse array of shops and cafes to Southbourne Crossroads, which has become a key commercial spot, the area is bursting with potential.

For businesses catering to local residents and tourists, Southbourne provides an ideal location. Whether you’re considering retail, hospitality, or creative office spaces, this area offers an affordable alternative to the more expensive and congested parts of Bournemouth.

2. Strong local demand and growing foot traffic

One of the most attractive features of Southbourne is its local economy, which is supported by a strong mix of residential and commercial spaces. The area’s growing population, including students from nearby Bournemouth University and the local workforce, creates a steady stream of potential customers for businesses.

With increasing demand for local services, restaurants, and retail shops, Southbourne is becoming a go-to destination for both locals and visitors. Its proximity to the seafront and its access to public transport further solidify its position as a high-traffic, commercially viable area.

3. Competitive commercial property market

The commercial property market in Southbourne is both affordable and highly accessible for businesses of all sizes. Whether you're looking for a retail space on Southbourne Grove or an office in a refurbished property near Tuckton, the area has a wide range of commercial properties to suit your needs.

Moreover, as Southbourne continues to gain popularity, property values are expected to rise, making it an attractive investment opportunity.

Types of Commercial Mortgages for Southbourne businesses

Once you've decided that Southbourne is the right place for your business, securing the right commercial mortgage is the next step. There are a variety of mortgage options available, depending on your business goals and property needs.

1. Owner Occupier Commercial Mortgages

If you're looking to purchase a commercial property for your own business use—whether that's a retail shop, restaurant, or office space—an owner occupier commercial mortgage is your best option. These mortgages typically require a 20-40% deposit, and allow you to own the property your business operates from.

2. Landlord Commercial Mortgages

For those looking to purchase property to rent out to other businesses, a landlord commercial mortgage can be the ideal solution. In Southbourne, areas like Southbourne Grove and Southbourne Crossroads are prime locations for businesses looking to rent commercial spaces. This type of mortgage typically requires a 25% or 35% deposit, and offers stable rental income as a long-term financial strategy.

commercial properties in southbourne grove

Key considerations for securing a Commercial Mortgage in Southbourne

Securing a commercial mortgage in Southbourne requires careful planning and an understanding of the local market. Here are some key factors to consider:

1. Property location

The location of your property is critical when securing a commercial mortgage. In Southbourne, areas like Southbourne Grove, Southbourne Crossroads, and Tuckton are known for their commercial presence, so ensure that the location of your property aligns with your target market.

2. Business viability

Lenders want to see that your business is financially stable and has a clear plan for growth. Whether you’re expanding in Southbourne or starting from scratch, you’ll need a solid business plan that demonstrates how your business will thrive in the community and contribute to the local economy.

3. Deposits and Loan-to-Value ratios

Most commercial mortgages require a deposit of 20-40% of the property’s value. Having the necessary funds for the deposit is a critical factor when applying for a commercial mortgage.

4. Interest Rates

Commercial mortgage rates vary depending on factors like the loan amount, term length, and your business’s financial health. It’s essential to shop around and compare different lenders to secure the best deal for your business.

5. Local council support

Some lenders offer specialised loans for businesses located in areas targeted for regeneration or business development. As Southbourne continues to grow, it’s worth checking whether there are any local schemes or grants available to help support your commercial mortgage application.

Conclusion: Why Southbourne is the ideal place for your business

Southbourne is more than just a beautiful coastal suburb—it’s a growing hub for business, offering a welcoming community, a strong local economy, and access to affordable commercial property. Whether you’re starting a new venture or expanding your business, Southbourne is an ideal location to secure a commercial mortgage.

Get in touch today

Ready to secure your commercial mortgage in Southbourne? Contact Bournemouth Mortgages today for a free consultation, and let us help you find the right mortgage solution for your business.