4 bed block of flats for sale

Old Christchurch Road, Bournemouth BH1

Fully tenanted investment opportunity, situated in a central location in the heart of Bournemouth town centre. This popular location is sought after by tenants due to its close proximity to the shops, restaurants, facilities, beaches and transport links on offer.

Offered for sale is a portfolio of four apartments, all well-presented and in good condition throughout, with each having its own gas central heating. Comprising 3 x studio apartments and 1 x one bedroom apartment, the four apartments are held on a single head lease with the remainder of a 999 year term from 1997. Also held under the head lease is a further one bedroom flat, which has been sold on a long lease, held on the remainder of a 125 year lease from 2013.

There is no set service charge and maintenance of the building is carried out on an as-and-when basis, shared between the five flats and the ground floor commercial premises. Please note that Flats 1-4 are situated on the first and second floors of the premises, above night time entertainment facilities, but they have received the appropriate noise pollution sign off from bcp Council.

The four apartments are currently all tenanted, generating an income of £2,925 per month / £35,100 per annum at present. This represents a yield of 10% at the asking price.

Please contact us if you require any further information on this exciting landlord investment opportunity or wish to arrange a viewing.

Tenure

Leasehold - Held on a 999 year head lease from January 1997

Maintenance

Carried out on an as-and-when basis, shared between the five flats and the ground floor commercial premises.

Energy Performance Certificates

Flat 1 - D (65)
Flat 2 - C (70)
Flat 3 - C (75)
Flat 4 - C (75)