Property 0 bedrooms 0 bathrooms Bournemouth
This property has been sold and is no longer available.
A FREEHOLD INVESTMENT OPPORTUNITY CONSISTING OF A GROUND FLOOR AND BASEMENT SHOP AND STUDIO UNIT (CURRENTLY LET AT £8,000 PER ANNUM) WITH THE BENEFIT OF THE GROUND RENTS OF THE FREEHOLD GROUND RENTS OF SIX FLATS IN A SELF CONTAINED SECTION OF THE BUILDING.
This rare investment opportunity comprises the shop premises at 16 Sea Road with the benefit of the Freehold interest in the six additional self contained flats to the side and over.
The shop generates a rent of £8,000 per annum (on a five year contract to 2017 and renewable thereafter). Whilst the flats are a on 99 year leases from 2005 and on a rising ground rent of £75 per annum for the first 25 years, £100 per annum for the following 25 years and £125 per annum after. The properties are managed by a local managing agent with minimal input from the Freeholder other than receipt of the annual ground rents.
For further information please contact Director Matthew Charlesworth on 01202 302345 or e-mail matthew@bullockandleeshomes.com.
This property has been sold and is no longer available.
