Christchurch Road, Boscombe, Bournemouth BH1

£580,000

Guide price

  • Bedrooms: 6
Boscombe is an extremely popular suburb of Bournemouth which is located to the south east neighbouring both Bournemouth town centre and Southbourne. Locally there are a number of great shopping facilities varying from well-established independent stores to the popular chains.

5* Award Winning Sandy Beaches, Pier, Promenade and Chine Gardens are comfortably unrivaled features, having undergone extensive investment and benefiting from Sea front restaurants, a surf school and popular bars/bistros selling local produce.

Portfolio sale: Five modern flats, four one bedroom apartments and one two bedroom apartment. All units currently tenanted. Ideally situated in Boscombe precinct close to shops, restaurants, pubs and cafes, Boscombe bus station also within short walking distance. Block includes intercom entry system, full gas central heating to all five flats. The top floor two bedroom top floor has the benefit of a balcony and also two of the one bedroom flat also have the benefit balconies. All flats come with 150 year leases and peppercorn ground rents.

Flat1 - 1 bed first floor flat - Surveyor Value £135,000 - Rental income - £650pcm

Flat 2 - 1 bed first floor flat - Surveyor Value £125,000 - Rental Income - £615pcm (Rent increase due in September)

Flat 3 - 1 bed first floor flat - Surveyor Value £135,000 - Rental Income - £625pcm (Rent increase due in August)

Flat 4 - 1 bed first & second floor maisonette - Surveyor Value £140,000 - Rental Income - £670pcm

Flat 5 - 2 bed second floor flat - Surveyor Value £160,000 - Rental Income - £685pcm (Rent increase due in August)

Total Rental Income: £38,940 per annum (producing a gross yield of 6.7%)

Tenure: Leasehold with 150 year leases

Service Charge : As & When

Ground Rent : Peppercorn

Return on investment : 6.7%

Arrange viewing 01202 922867

Lovett Estate Agents

716 Christchurch Road, Boscombe, Bournemouth, Dorset

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