Bournemouth Road,

£320,000
Sold STC
4
2
1

Property Features

  • Rare opportunity to acquire this freehold, for the first time since 1982
  • Strong investment opportunity
  • Currently configured as a photographic studio and retail on ground floor, and a 2 bedroom flat on the first floor
  • Under permitted development, opportunity to convert the ground floor to residential and after conversion costs, achieve 5% plus gross yield
  • NACOSS Gold alarm system to the ground floor
  • Good condition property—investment in the last 4-5 years includes a new boiler & radiators and rewiring of ground floor, new kitchen to 1st floor, new soffits and guttering
  • 2 parking spaces on tarmacked drive
  • Rear courtyard garden with pedestrian access to Hardy Road
  • Both ground floor and first floor are in excess of 800 sq ft
  • Plot size 1900 sq ft
  • Request Viewing
  • Floorplan
  • View Brochure

Property Summary

This freehold property of over 1600 sq ft on a plot of 1900 sq ft is a strong investment opportunity. First time on the market since 1982, it has 2 dedicated parking spaces and a courtyard garden.



A rare opportunity to acquire the freehold that has been in the same ownership since 1982, the land dating back to 1907.

Currently the property is arranged with a retail and photographic studio on the ground floor. This is over 800 sq ft and has a kitchenette and a loo. It accesses a back courtyard with rear access path to and from Hardy Road. New radiators and Glow Worm Energy 12S boiler were fitted in 2016 and the boiler is covered by a Glow Worm 7 year warranty from 2016. A Texecom alarm-NACOSS GOLD-was installed, also in 2016, by Southern Security and is serviced by them. The ground floor was rewired including hard wired smoke alarms and had new lighting installed in 2016.



The first floor is arranged as a 2 bedroom flat with separate entrance to the side of the building. Again over 800 sq ft with a new kitchen fitted in 2019. The existing tenants have lived here for the past 8 years.



The whole property sits on a plot of 1904 sq ft and the soffits and gutters have been replaced in the last 4 years. There are 2 parking spaces on the tarmacked drive at the front of the property.



Our view is to achieve the best return for the investment if regular income is your goal, then conversion of the ground floor to residential(permitted development) as a 2 bedroom flat or 2 studio flats, the projected income would be between £19,200pa and £21,600, a minimum gross yield of 5.33% based on £40k conversion costs. Please feel free to discuss with us.



Or of course, convert to a residential home.



ADDITIONAL INFORMATION:

1st Floor Flat

Freehold

Annual Council Tax: Band B £1412.36 payable

Energy Performance Certificate (EPC) Rating: Band D (56)

Connectivity: Vodaphone currently used

TV: Sky and Virgin available

Off road parking for one vehicle

Property Size: 816 sq ft



Ground Floor Unit

Freehold

Rateable Value: £7800(no business rates payable)

Energy Performance Certificate (EPC) Rating: Applied for

Connectivity: Vodaphone currently used

TV: n/a

Off road parking for one vehicle

Property Size: 814 sq ft



Total Property

Plot Size: 1904 sq ft, which includes 2 parking spaces at the front of the property and a rear garden.

Viewings:

24/36 hours notice and to adhere to these days/times:

Tuesdays, Wednesdays and Thursdays after 1pm or Friday mornings.



PLEASE NOTE: Measurements quoted are approximate and for guidance only. Fixtures and fittings, services and appliances have not been tested and therefore no guarantee can be given that they are in working order. Images have been produced for information and it cannot be inferred that any items shown is included with the property. These particulars are believed to be correct but their accuracy is not guaranteed and they do not constitute an offer or form part of a contract. Solicitors are specifically requested to verify the sales particulars details in the pre contract enquiries in particular price, local and other services.

Contact

Albury & Hall (Canford Cliffs) Ltd
32 Haven Road
Canford Cliffs
Poole
BH13 7LP

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