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Land for sale

Yelverton Road , Bournemouth

Sold STC £1,795,000

Property Description

Full description

Development/Investment opportunity available with permitted development for 18 x flats, 4 x commercial units. Additional 21 x Airspace units are included with this development at an overage of: £45,000.00 per one bedroom flat and £37,500.00 per Studio flat, (i.e. if planning is granted on the basis of the proposed plans attached the overage will be £930,000.00).

 

The existing building has been granted planning permission under Permitted Development for 18 x units. Bournemouth council planning. The four shops are all currently let and producing £61,000.00 p.a. Gross. The Air Space plans are due to be submitted to Bournemouth Borough Council in March 2016. The proposed Air Space units to include 14 x 1 bedroom flats and 8 x studio flats. The vendor will pay all Council contributions and associated planning fees, structural engineers. The vendor may consider selling the site unconditionally if a prospective purchaser was to take a view on planning being granted on the air space. Please ask. It is considered that the proposed additional air space floors will all have far reaching town and sea views. The GDV for the 18 x P.D. flats is approximately £2,417,500.00. The shops have a value of approximately £650,000.00. The 21 x air space units have an approximate GDV of £2,862,500.00, the freehold has a value of approximately £200,000.00 based on 39 x flats having a ground rent of £250.00 p.a. each. The GDV for the whole site in consideration of the aforementioned is approximately £6,130,000.00. Outside: side access ramp which leads to 9 x rear parking spaces. The vendor would consider providing a turnkey finished development, please ask. The site is located in the heart of Bournemouth Town Centre and within easy walking distance of shops and the beach. For further information, please contact Andrew Hooper on 01202 779911. More development land and investments available on our web site: www.churchfield.uk.com

 

Please note: Development or Investment site (s), bought through Churchfield the purchaser is required to retain us at the rate of 1.8% (minimum fee of £2,400) including Vat at the prevailing rate. For any Land, Development or Investments acquired, Churchfield must be instructed to re-sell the finished units at 1.8% including vat or re-let at 9.6% including vat (fully managed) the acquired property or the developed properties on a sole agency basis within three years of completion. If Churchfield are not instructed and the acquisition is sold or Let by the purchaser/s within this period, an additional fee of 1.8% including vat (minimum fee £2,400 including vat) of the original purchase price will be chargeable to the purchaser in addition to any other costs or charges agreed. Once the three year period after completion of the purchase has expired, the purchaser is free to offer the acquisition to any third party with Churchfield having no financial interest.

 

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Nearest stations

  • Bournemouth (0.7 mi)
  • Branksome (1.9 mi)
  • Pokesdown (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Churchfield Estate Agents, Bournemouth

122 Charminster Road, Bournemouth, BH8 8UT

03339 873377 Local call rate

How much will it cost me to call the number displayed on the site?

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Nearest stations

  • Bournemouth (0.7 mi)
  • Branksome (1.9 mi)
  • Pokesdown (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Churchfield Estate Agents, Bournemouth

122 Charminster Road, Bournemouth, BH8 8UT

03339 873377 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 8762. 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 Churchfield Estate Agents, Bournemouth. 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.

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