Holdenhurst Road, Bournemouth, Dorset, BH8
Offers over £3,500,000 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page | 47 bedrooms

Size The size of a property or land refers to its physical extent or area. Read our glossary page

ASK AGENT

Use Class A commercial use class refers to a classification system that categorises buildings based on their intended commercial purposes, such as offices, retail spaces, or industrial facilities. Read our glossary page

ASK AGENT

Material Information

Expand

Property Ref: BFB250050

A rare opportunity to acquire a Freehold mixed residential and commercial investment property with scope for planning gains (STPP)

This parade of shops with self-contained residential units above comprises 6 commercial units, 6 HMOs (with a total of 41 rooms) and 3 self-contained flats and is fully let at present. Annual income is nearly £350,000 representing a yield of close to 10% gross.

Located within Bournemouth's designated Tall Building Zone there have previously been positive Pre-app discussions with the Local Authority regarding a Purpose Built Student Accommodation tower of around 16 storeys comprising between 250 & 300 bedrooms. This location would also support a Build To Rent residential scheme.

The residential tenancies are all on ASTs and each of the commercial leases fall outside of the 1954 Act.

We are informed by the seller that there are no covenants which affect the property from a redevelopment perspective.

Proof of funds will be required when considering any proposals.
 

To book a viewing or make an enquiry, please complete this form.