Hill Street, Poole, BH15

Hill Street

land/development for sale

  • Reference Number jet_chu-CHR190077
  • Agent Churchfield Bournemouth
  • Agent Number 01202779911

Guide price £975,000

About this property

Investment opportunity, to purchase a block of flats with the freehold.

The property is an attractive well located eleven-year-old red brick three story detached building, comprising of 6 x flats. Including: 2 x 1-bedroom flats, 1 x maisonette and 3 x 2-bedroom flats. Outside there are 4 x parking spaces, bin and bike store (Bike store in separate building with rights of access).

The building and flats are offered in a good general condition (I am advised that as each flat has become available it has been refurbished, some with new boilers, etc). All flats are let on AST's and currently achieving a total gross rental of £49,380.00 p.a, representing a 5% return based on the asking price.

This is an ideal medium sized investment opportunity, either on the basis of a short hold tenancy's as it is currently or as a holiday letting investment due to its location. The opportunity is available freehold with no individual leases (generally the ground rent for units of this type would be £250.00 p.a. and we have valued the freehold on this basis).

The building is located within walking distance of Poole High Street, with its wide range of shops and restaurants and is within close proximity of Poole Train Station, Poole Quay and the Dolphin Shopping Centre.

For further details, please contact Andrew Hooper or Robert Smith on 01202 779911. More development land and investments available on our web site: www.churchfield.uk.com

Please see Acquisition t&c's on our Churchfield website.











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Address

122 Charminster Road Bournemouth Dorset BH8 8UT

Telephone

01202779911