About this property
Investment opportunity (HMO) with an elapsed grant of planning for a terrace of eight houses. Ideal opportunity for purchasers in a position to proceed immediately. The investment is situated within a courtyard, with access via an archway. The existing buildings are currently set out as 11 x one-bed/studio flats that produce a total of £66,420.00 gross p.a. Each unit is in average condition and would benefit from updating and decorating. The EPC for each unit is C. The elapsed planning was for a terrace of 8 x 1-bedroom houses with 4 x parking spaces and a bin & bike store. Planning was granted on the 24th July 2008, Application number: 7-2008-4052-T.
I have spoken with the architect that submitted the elapsed planning and he suggested putting in the application again would be a straightforward process. The vendor advises me that there are no known covenants. The site is well located and only a short stroll to public transport and shops. Bournemouth Town Centre is within easy reach. For further details, please contact Andrew Hooper on 01202 779911. More development land and investments available on our web site: www.churchfield.uk.com
Development or Investment site (s), bought through Churchfield the purchaser is required to retain us. The minimum fee for this opportunity is £40,000.00 including Vat at the prevailing rate. For any Land, Development or Investments acquired, Churchfield must be instructed to re-sell the finished units at 1.8% including vat or re-let at 9.6% including vat (fully managed) the acquired property or the developed properties on a sole agency basis within five 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 1.8% including vat (minimum fee £3,400 including vat) of the original purchase price will be chargeable to the purchaser in addition to any other costs or charges agreed. Once the five-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.
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122 Charminster Road Bournemouth Dorset BH8 8UT