Lowther Road, Bournemouth BH8 8NP
£850,000 via Clearwater Sales and Lettings, Poole: 01202 125923
A RARE FREEHOLD OPPORTUNITY
* FOR SALE BY CLEARWATERS CONDITIONAL ONLINE AUCTION
* SELLER MAY CONSIDER PRE-AUCTION SALE
* 12 SELF CONTAINED APARTMENTS
* DETACHED CHARACTER RESIDENCE
* PASSING RENT OF CIRCA £103000 PER YEAR
* CLOSE TO BOURNEMOUTH TOWN CENTRE AND CHARMINSTER
* HIGH YIELDING
* POTENTIAL TO EXTEND TO CREATE FURTHER UNITS
ONLINE AUCTION PROCESS
For Sale Via ClearWater Online Auction.
Auction Date - 10:00am 4th May 2024
The auction will be exclusively available online including the legal pack information.
The registration process is extremely simple and free.
Stage 1) Register your email address, create a password and confirm your account.
Stage 2) View the legal pack and arrange any viewings
Stage 3) If you would like to bid, use the 'dashboard' button and complete your ID check and enter your payment and solicitors details
Stage 4) You are ready to bid - Good Luck!
No deposit monies are required before you bid.
Guide price(s) are an indication of the seller's expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction. The reserve price is not disclosed and remains confidential between the seller and the auctioneer and is set within the guide range.
A legal pack and special conditions are available to download to anyone who has registered. It is the purchaser's responsibility to make all necessary legal and financial enquiries prior to placing any bids.
Some Vendors may consider offers prior to the auction. These offers can only be submitted via ClearWater Estate agents and under auction conditions. The complete legal pack would need to be inspected before an offer would be considered.
Please get in touch if you have any questions regarding Online auctions or would like to arrange a viewing.
PROPERTY DESCRIPTION
This detached, character building is situated on one of most premier roads in BH8 Bournemouth. Located on Lowther Road is this large investment property split over three floors.
Within easy access to Bournemouth town centre, beaches, train/bus station and Bournemouth Grammar & University. Situated within easy reach of Charminster High Street providing an array of restaurants, bars & shops. Short distance to Meyrick Park Golf Course & Gym with good dog walking spots close by.
UNIT TYPES
Flat 1 - STUDIO
Flat 2 - STUDIO
Flat 3 - STUDIO
Flat 4 - STUDIO
Flat 5 - STUDIO
Flat 6 - STUDIO
Flat 7 - STUDIO
Flat 8 - ONE BEDROOM
Flat 9 - STUDIO
Flat 10 - STUDIO
Flat 11 - STUDIO
Flat 12 - STUDIO
RENTAL INCOME
Flat 1 - £695 PCM (£8,340 PA)
Flat 2 - £600 PCM (£7,200 PA)
Flat 3 - £658 PCM (£7,896 PA)
Flat 4 - £750 PCM (£9,000 PA)
Flat 5 - £800 PCM (£9,600 PA)
Flat 6 - £610 PCM (£7,320 PA)
Flat 7 - £800 PCM (£9,600 PA)
Flat 8 - £800 PCM (£9,600 PA)
Flat 9 - £630 PCM (£7,560 PA)
Flat 10 - £800 PCM (£9,600 PA)
Flat 11 - £607 PCM (£7,280 PA)
Flat 12 - £720 PCM (£8,640 PA)
Total Rental Income
£8,470 PCM
£101,636 PA
Other Income
Washing/Dryers - £125 PCM (£1,500 PA)
TOTAL INCOME
£8,595 PCM - (£103,136 PA)
Typical Expenses
Electricity - £476 PCM (£5,715 PA)
Gas - £351 PCM (£4,212 PA)
Sewerage - £148 PCM (£1,776 PA)
Water - £200 PCM (£2,400 PA)
Broadband - £74 PCM (£893 PA)
TOTAL EXPENSES - £1,250 PCM (£14,997 PA)
TOTAL NET INCOME
£7,345 PCM (£88,140 PA)
(Based on the typical income and expenditure)
SERVICES
Gas, electricity and water services are not metered to the individual units.
TENURE
Freehold. No leasehold elements have been broken up from the freehold title.
PLANNING PERMISSION
Planning permission has been granted to reconfigure the building into 9 self contained apartments (x8 one bedroom flats and x1 one studio flat). Application number 7-2021-5180-G.
These property details are set out as a general outline only and do not constitute any part of an Offer or Contract. Any services, equipment, fittings or central heating systems have not been tested and no warranty is given or implied that these are in working order. Buyers are advised to obtain verification from their solicitor or surveyor. Fixtures, fittings and other items are not included unless specifically described. All measurements, distances and areas are approximate and for guidance only. Room measurements are taken to be the nearest 10cm and prospective buyers are advised to check these for any particular purpose, e.g. Fitted carpets and furniture.
Agent: Clearwater Sales and Lettings, Poole
CLEARWATER REAL ESTATE LIMITED, 133 Penn Hill Avenue, Parkstone, Poole, BH14 9LY
Phone: 01202 125923