Lowther Road, Bournemouth, BH8
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
12
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- ONLINE AUCTION
- PRE AUCTION SALE CONSIDERED
- 12 SELF CONTAINED APARTMENTS
- RENT OF CIRCA £103000 PA
- CLOSE TO BOURNEMOUTH TOWN CENTRE
- HIGH YIELDING FREEHOLD INVESTMENT
- EXTENSION POTENTIAL
Description
* FOR SALE BY CLEARWATERS CONDITIONAL ONLINE AUCTION
* SELLER MAY CONSIDER PRE-AUCTION SALE
* 12 SELF CONTAINED APARTMENTS
* DETACHED CHARACTER RESIDENCE
* PASSING RENT OF CIRCA £103000 PER YEAR
* CLOSE TO BOURNEMOUTH TOWN CENTRE AND CHARMINSTER
* HIGH YIELDING
* POTENTIAL TO EXTEND TO CREATE FURTHER UNITS
ONLINE AUCTION PROCESS
This property is being sold by online auction, or before if an out of auction sale is agreed.
The ONLINE AUCTION PROCESS IS NOT THE SAME as traditional auctions. You simply bid for the property online and if your offer is the winning bid, you pay a fee and then have a certain number of weeks to exchange contracts. This is very different to traditional auctions where you need to be in a position to exchange contracts when your offer is accepted. Clearwaters online conditional auction gives a greater chance for buyers using mortgages to purchase a chance at winning an auction property.
Auction Date - 12:00 (midday) 3rd May 2024
The auction will be exclusively available online including the legal pack information.
The registration process is extremely simple and free.
Stage 1) Register your email address, create a password and confirm your account.
Stage 2) View the legal pack and arrange any viewings
Stage 3) If you would like to bid, use the 'dashboard' button and complete your ID check and enter your payment and solicitors details
Stage 4) You are ready to bid - Good Luck!
No exchange deposit monies are required before you bid.
Guide price(s) are an indication of the seller's expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction. The reserve price is not disclosed and remains confidential between the seller and the auctioneer and is set within the guide range.
A legal pack and special conditions are available to download to anyone who has registered. It is the purchaser's responsibility to make all necessary legal and financial enquiries prior to placing any bids.
Some Vendors may consider offers prior to the auction. These offers can only be submitted via ClearWater Estate agents and under auction conditions. The complete legal pack would need to be inspected before an offer would be considered.
Please get in touch if you have any questions regarding Online auctions or would like to arrange a viewing.
PROPERTY DESCRIPTION
This detached, character building is situated on one of most premier roads in BH8 Bournemouth. Located on Lowther Road is this large investment property split over three floors.
Within easy access to Bournemouth town centre, beaches, train/bus station and Bournemouth Grammar & University. Situated within easy reach of Charminster High Street providing an array of restaurants, bars & shops. Short distance to Meyrick Park Golf Course & Gym with good dog walking spots close by.
UNIT TYPES
Flat 1 - STUDIO
Flat 2 - STUDIO
Flat 3 - STUDIO
Flat 4 - STUDIO
Flat 5 - STUDIO
Flat 6 - STUDIO
Flat 7 - STUDIO
Flat 8 - ONE BEDROOM
Flat 9 - STUDIO
Flat 10 - STUDIO
Flat 11 - STUDIO
Flat 12 - STUDIO
RENTAL INCOME
Flat 1 - £695 PCM (£8,340 PA)
Flat 2 - £600 PCM (£7,200 PA)
Flat 3 - £658 PCM (£7,896 PA)
Flat 4 - £750 PCM (£9,000 PA)
Flat 5 - £800 PCM (£9,600 PA)
Flat 6 - £610 PCM (£7,320 PA)
Flat 7 - £800 PCM (£9,600 PA)
Flat 8 - £800 PCM (£9,600 PA)
Flat 9 - £630 PCM (£7,560 PA)
Flat 10 - £800 PCM (£9,600 PA)
Flat 11 - £607 PCM (£7,280 PA)
Flat 12 - £720 PCM (£8,640 PA)
Total Rental Income
£8,470 PCM
£101,636 PA
Other Income
Washing/Dryers - £125 PCM (£1,500 PA)
TOTAL INCOME
£8,595 PCM - (£103,136 PA)
Typical Expenses
Electricity - £476 PCM (£5,715 PA)
Gas - £351 PCM (£4,212 PA)
Sewerage - £148 PCM (£1,776 PA)
Water - £200 PCM (£2,400 PA)
Broadband - £74 PCM (£893 PA)
TOTAL EXPENSES - £1,250 PCM (£14,997 PA)
TOTAL NET INCOME
£7,345 PCM (£88,140 PA)
(Based on the typical income and expenditure)
SERVICES
Gas, electricity and water services are not metered to the individual units.
TENURE
Freehold. No leasehold elements have been broken up from the freehold title.
PLANNING PERMISSION
Planning permission has been granted to reconfigure the building into 9 self contained apartments (x8 one bedroom flats and x1 one studio flat). Application number 7-2021-5180-G.
These property details are set out as a general outline only and do not constitute any part of an Offer or Contract. Any services, equipment, fittings or central heating systems have not been tested and no warranty is given or implied that these are in working order. Buyers are advised to obtain verification from their solicitor or surveyor. Fixtures, fittings and other items are not included unless specifically described. All measurements, distances and areas are approximate and for guidance only. Room measurements are taken to be the nearest 10cm and prospective buyers are advised to check these for any particular purpose, e.g. Fitted carpets and furniture.
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Ask agent
Lowther Road, Bournemouth, BH8
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bournemouth Station0.4 miles
- Pokesdown Station1.8 miles
- Branksome Station2.3 miles
About the agent
Clearwater Sales and Lettings, Poole
133 Penn Hill Avenue, Parkstone, Poole, BH14 9LY
Lower Parkstone's independent estate agent established in 2003. Clearwater cover all of Poole and Bournemouth and predominantly operate in Lower Parkstone, Alexandra Park, Lilliput (BH14), Branksome Park, Canford Cliffs (BH13), Parkstone (BH12) and Westbourne (BH4).
Specialising in residential sales, lettings and management, Clearwater offers the personal touch that only an independent estate agency can deliver.
We have a wealth of knowledge of the local property market and have e
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 1001002. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Clearwater Sales and Lettings, Poole. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Clearwater Sales and Lettings, Poole on 01202 125923.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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