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Land for sale

Sea Road , Boscombe

Sold by Us £60,000

Property Description

Full description

Tenure: Leasehold

Refurbishment/Investment opportunity. Unconditional cash purchasers only. The unit is located on the top of the building (4th floor) reached via the communal front entrance and stairs.

Front door with private staircase leads up to the penthouse studio flat. The unit is now in need of total refurbishment. Unit size 305 sq ft (28 sq mt) or 20'2" x 15' 1". Sea Views. Bournemouth Planning Grant for conversion/residential usage. Power, water and waste are already in, but will require connecting. I am advised that a sprinkler has to be located outside the front door of the flat and one roof light needs to be made electric opening. The flat will be offered with a new 125 year lease at a ground rent of £250.00 p.a. I am advised that the unit could be made larger subject to planning. Off road parking space. Large outside roof garden area. Churchfield have estimated the finished value of the flat at £125,000.00. This is a great opportunity to acquire a competitively priced refurbishment opportunity in a popular location, walking distance to the sea and shops in Boscombe High Street. EPC rating not known. For further details, please Contact Andrew Hooper. More development and investments available on our web site:

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:
24 June 2016

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