Bournemouth Road, Poole
- For Sale By Method Of Modern Auction
- Buyers Fee Applies
- Auction Pack Available On Request
- DETACHED FREEHOLD INVESTMENT OPPORTUNITY
- CURRENT INCOME £81,600
- Auction Date 24th August 2022
- Arranged As Seven Studios & Four 1 Bedroom Flats
- One Parking Space Per Flat At Rear
- Two Garden Flats (With Shared Garden Space)
- Visitors Parking At Front Of Building
- Prime Location On Main Transport Links
- Close To Local Amenities
- Scope For Improvement Throughout & Increased Yield
- Potential Plot
- Lapsed Planning Consent For Mansard Extension
- Lockable Store Room / Ideal Bicycle Store
Silverbirch are delighted to offer this INVESTMENT OPPORTUNITY generating an existing ANNUAL RETURN of £81,600. Arranged as 7 studio flats and 4 one bedroom flats (all with own kitchenette / kitchen and en suite shower rooms). In a prime position between Bournemouth & Poole and on main transport links , this really is a TRULY VERSATILE OPPORTUNITY NOT TO BE MISSED. With scope to extend, improve yield and plot potential.
There is one parking space per flat at the rear of the building, as well as visitors parking at the front of the building. A lockable storage cupboard (an ideal bike store) and a garden shared between two flats.
Lapsed Planning Consent For Mansard Extension. THERE ARE 11 SEPARATE EPCS & INDEPENDENT UTILITIES FOR EACH FLAT.
Auction pack available on request. Please enquire for further information.
Why do tenants love this position so much?
-0.8 Miles to both Parkstone & Branksome Train Stations (less than 2 hour commute to London Waterloo)
-0.2 Miles Tesco & Local Shops
-0.3 Miles Alexandra Park
-1.8 Miles Westbourne Village
-1.9 Miles Poole Hospital & Poole Town Centre
-2 Miles Branksome Beach
-2.3 Miles Sandbanks Beach
IMPORTANT PLEASE READ- VENDOR YET TO APPROVE DETAILS
This property is offered for sale by the ‘modern method of auction’ through an Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange or the vendor is free to remarket the property and the reservation fee will not be returned. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE ASKING PRICE.
Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property you will be required to complete further identity checks for anti- money laundering purposes, provide card and solicitors details before you are able to place a bid.
Properties may be sold prior to public auction if an offer is accepted by the vendors.
**Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.
**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above a single figure guide price or if a guide price bracket is quoted the reserve will fall somewhere within those figures.