Development/Investment opportunity available with planning granted for a block of 14 x 1 bedroom flats and 2 retail units. Flat sizes range from 375 sq ft - 477 sq ft (total size 6108 sq ft). Commercial unit size for Poole Hill 1038 sq ft & West Hill Rd 220 sq ft. Planning application No: 7-2007-13166-L. No parking, cycle/bin area. Section 106 & Heath lands contribution of approximately £27,000 to be paid by purchaser. No known covenants. This site is ready to start subject to building regulations. This development site is within the heart of Bournemouth Town Centre and a short walking distance to shops and beach. Rentable value of the 14 x 1 bed flats at £600.00 pcm, plus commercial retail units approximate total rental income £25,000 p.a. Total annual potential rental income £125,800.00. GDV approximately £1,980,000. Vat may be payable on part or the entire site. The vendor would consider selling the flats part of the development and retaining the commercial, he has indicated that a sub £600,000 offer would be considered for the flats only part. For further details please contact Andrew Hooper. More development sites and investments available on our web site: www.churchfield.uk.com

Please note: For the acquisition of any Land, Development or Investment site (s), bought through Churchfield the purchaser is required to retain us at the rate of 1% (minimum fee of £2,000) plus Vat at the prevailing rate. For any Land, Development or Investments acquired, Churchfield must be instructed to re-sell or re-let the acquired property or the developed properties on a sole agency basis within three years of completion. If Churchfield are not instructed and the acquisition is sold or Let by the purchaser/s within this period, an additional fee of 1% (minimum fee £2,000) plus Vat at the prevailing rate, of the original purchase price will be chargeable to the purchaser in addition to any other costs or charges agreed at the time of purchase. Once the three year period after completion of the purchase has expired, the purchaser is free to offer the acquisition to any third party with Churchfield having no financial interest.