Flat 1 bedrooms 1 bathrooms Bournemouth
A FREEHOLD INVESTMENT OPPORTUNITY CONSISTING OF A PROMINENT GROUND FLOOR SHOP AND LARGE BASEMENT, WITH THE BENEFIT OF THE FREEHOLD INTERESTS OF SIX FLATS IN A SELF CONTAINED SECTION OF THE BUILDING.
This rare investment opportunity comprises the shop premises and huge basement storage at Sea Road with the benefit of the Freehold interest in the six additional self-contained flats to the side and over in Hawkwood Road.
Its prominent position and broad frontage make it one of the 'gateway' properties leading to the bustling precinct and shopping area of Christchurch Road. The shop should generate a rent of circa £8/9,000 per annum. The flats are 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. A local managing agent manages the properties, with minimal input from the Freeholder other than receipt of the annual ground rents.
For further information and to arrange a viewing, please contact Director: Matthew Charlesworth
Talk to us about this property: 01202 302345