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Block of Apartments for sale

Kingston Road , Poole

Sold by Us Offers Invited

Property Description

Full description

Tenure: Freehold

Investment opportunity.

3 x flats & Shop (Shop has been converted into a studio flat with planning approval - I am advised the facade could be altered to look like a house front) within a mid-terrace building. (A total of 5 x flats in the building - The Ground floor rear flat has been sold and is not included within this purchase). All units are currently let. Flat 1 (G/floor studio, £525.00 pcm. Flat 2 (FF 1 x bed), let at £585.00 pcm. Flat 3 (SFF, 1 x bed), let at £607.00 pcm and Flat 4 (Top FF 1 x bed), let at £525.00 pcm. All monthly payments shown are gross and have been calculated as the rent is paid weekly via a letting agent. The ground floor flat not included can be purchased separately at £120,000. Two parking spaces at the rear. The internal condition of the flats is average and they would all benefit from refurbishing. The building is walking distance of Poole Hospital and Poole Dolphin Centre. Total gross income £26,904.00 p.a. giving a return of 8.4% based on the asking price. (I am advised that the ground floor rear flat is let at (not owned by vendor) approximately £620.00 pcm). For further details please contact Andrew Hooper on 01202 779911. More development and investments available on our web site:

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.

Churchfield Offer a FREE Selling Service to Vendors of Land and Investments

Listing History

Added on Rightmove:
04 February 2016

Map & Street View

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