About this property
Investment/Development opportunity for unconditional cash buyers only. This opportunity has been granted planning on the basis that the proposed building serves as ancillary use to the main building. (i.e. Residents Gym/Office Space). Planning Application number: 7-2023-8933-F. Any council contributions to be paid by the purchaser - none known off. A prospective purchaser could subject to planning, change the use or build out the site and speculate on its future. There are many options that could be explored over the long term. The site is located to the rear of the existing P.B. block of flats with private access to the left-hand side and a parking space located at the front of the main building. The proposed unit is approximately 675 Sq.Ft (62.8 Sq.mt). The site area is 0.03 hectares. Located in Bournemouth Town Centre, which benefits from a variety of shops, parks, schools and regularly serviced public transport. For further details please Contact Andrew Hooper. More development and investments on our web site www.churchfield.uk.com
a) Acquired development, investment or land - I/we confirm that if I/we decide to dispose of the acquired site, I/we will instruct Churchfield to market the acquired site on a sole agency basis for a minimum period of six months. Churchfield marketing period can start from any point within five years of the original acquisition completion date. Churchfield will not charge the vendor a fee for selling the development, investment or land. However, should the acquisition be sold by the vendor or his agent within the five-year period with Churchfield not being instructed, a fee of 3% including vat of the most recent sale price achieved or the GDV of the completed individual units will be payable to Churchfield (minimum fee 3% including vat). I/we understand that once the five-year period after completion of the acquisition has expired, the purchaser may dispose of the acquisition to any third party with Churchfield having no financial interest.
a) Individual unit sales & rentals - I/we confirm that if I/we decide to dispose of the individual units, Churchfield is to be instructed on a sole agency basis at a fee of 2.4% including vat for a minimum period of six months from the date where the units are safe to conduct viewings or when the site is fully completed. The selling period can start at any point within five years of the original completion date of the acquisition. After the six month Churchfield marketing period has elapsed, an over rider fee of 0.9% including vat is payable on completion of any remaining units not sold directly by Churchfield. Payment to be when each individual unit completes. Rental of the existing/proposed or finished individual units. Churchfield are to fully manage the lets or re-lets at 9.6% including vat, for a period of 36 months from the date that the units are completed and safe to conduct viewings. I/We understand there is a fixed fee of £2,000.00 (including vat) for any unit removed from letting within the three-year management period.
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