Property 3 bedrooms 1 bathrooms Bournemouth
This property has been sold and is no longer available.
A FREEHOLD INVESTMENT OPPORTUNITY COMPRISING TWO, GROUND FLOOR SHOPS AND A LARGE, THREE BEDROOM, FIRST FLOOR FLAT WITH ITS OWN GARDEN. THE PROPERTY IS FULLY LET AND PROVIDING AN EXCELLENT RETURN WITH A CURRENT YIELD OF CIRCA 8.5%.
LOCATED IN A HIGH VISIBILITY POSITION ON ASHLEY ROAD, JUST OPPOSITE THE ‘SOVERIGN CENTRE’ AND BUS INTERCHANGE. BUSINESS IS UNAFFECTED AND ANY VIEWINGS MUST BE STRICTLY BY APPOINTMENT THROUGH BULLOCK AND LEES. (Section 21 disclosure, the property is connected to the selling agent)Precis of accommodation.
Currently returning a total annual rent of £25,700 this freehold investment is currently let as follows:
26 Ashley Road, ground floor office let to BCP Council (Coastal BID team) at £6,500pa. A four-year term that expired in 2022 but holding over. Potential for enhancement. 25.6m2, Rateable value £2,150, EPC Rating: TBC
28 Ashely Road, ground floor shop let on a recent new lease with a six-year term at £7,200pa. 37.8m2, Rateable value £4,800, EPC Rating: C
26a Ashley Road, first floor, spacious, three-bedroom flat with private access and a family sized rear garden, let on an AST at £12,000pa (tbc). The tenant is excellent and has been in occupation since 2018. Council tax band B EPC Rating: C
Tenure: Freehold
PriceGuide: £300,000 ~ all viewings and negotiations strictly through Bullock and Lees on 01202 302345. Several days’ notice may be required for viewings so please factor this in to your arrangements.
This property has been sold and is no longer available.
