Hampshire Court, Bourne Avenue, Bournemouth BH2

£825,000

Guide price

** six flats within hampshire court ** gross profit - £46,728 P.A. ** four 1-bedroom apartments ** two studio apartments ** bournemouth town centre ** 146 years remaining on all leases ** peppercorn ground rent ** service charge includes heating, hot water, sewerage, buildings insurance, lift maintenance and reserve fund **

DescriptionA fantastic opportunity to acquire six apartments within Hampshire Court situated in Bournemouth Town Centre opposite Central Gardens. There are two studios and four 1-bedroom flats available with a gross profit of £46,728 per annum. All six of the apartments are currently tenanted with the tenancies being managed by Lovett Lettings. All six apartments have recently completed on statutory lease extensions. There are now 146 years remaining on all leases with a peppercorn ground rent.

Current Rental Income:

Flat 26 - 1 Bed with Balcony - EPC Rating: C - £750pcm

Flat 27 - 1 Bed - EPC Rating: C - £670pcm

Flat 33 - Studio - EPC Rating: C - £484pcm

Flat 53 - Studio - EPC Rating: D - £625pcm

Flat M3 - 1 Bed - EPC Rating: C - £725pcm

Flat M6 - 1 Bed - EPC Rating: D - £640pcm

Total Monthly Income: £3,894

AreaSituated in the Town Centre with its variety of Shops, multiple Restaurants, Bars, Pier, Oceanarium, Cinemas and the new BH2 Leisure Complex. Bournemouth's award winning Sandy Beaches, with its Promenade ideal for walking, running and cycling. There is a main line train station at Bournemouth which provides direct links to London Waterloo as well as Southampton and Southampton Airport. Bournemouth International Airport (Approx 6 miles) offers a varied schedule of flights to a number of European destinations.

TenureTenure: Leasehold

Lease Lengths: All 6 Flats have had lease extensions to 146 years.

Ground Rent: Peppercorn

Service Charges Include: Heating, Hot Water, Sewerage, Buildings Insurance, General & Lift Maintenance and Reserve Fund

Service Charges:

- Flat 26 - £1,002.00 per quarter

- Flat 27 - £903.85 per quarter

- Flat 33 - £355.81 per quarter

- Flat 53 - £212.67 per quarter

- Flat M3 - £1,120.61 per quarter

- Flat M6 - £944.75 per quarter

Council Tax Band: All 6 Flats are Band A

Pets: Not Permitted

Holiday Lets: Not Permitted

N.B. Under section 21 of the 1979 estate agency act we declare that the vendor is connected to Lovett International Estate Agents Ltd.

This information has not been verified and should not be relied upon as statement of fact, but it is given in good faith for guidance only. Applicants should make enquiries to satisfy themselves with regard to any restrictive covenants that may apply.