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Commercial Property for sale

Old Town Poole, Poole


Property Description

Key features

  • Prime,central location
  • Underfloor heating & gas central heating (house)
  • Solid oak windows (house)
  • High gloss kitchen units & built-in appliances (house)
  • 8 years remaining of N.H.B.C. certificate (house)
  • Modern kitchen with built-in electric oven (HMO)
  • H.M.O. certificate
  • Gas and electric regulation certificates

Full description

An opportunity to purchase a shop with H.M.O. (house of multiple occupation) above and adjoining cottage style house built in 2014. Ideal investment with a potential yearly rental income of £49,600 (both properties) or for someone wishing to live close to their business/shop.

The H.M.O. consists of a large modern communal kitchen, five rentable rooms and a shower room. The shop has a large shop floor area with adjoining store room, W.C. & utility area. There is also basement storage.

The adjoining house has been built by a well known local builder to a very high specification and has the benefit of a private courtyard area and Juliet balconies. Accommodation comprises of open plan lounge/diner/kitchen, downstairs W.C. , three bedrooms, ensuite shower room and bathroom. There is also a large loft storage area.

Both properties are located in a prime position on Poole High Street and adjoining Strand Street just a short distance to the quayside. Poole is a favoured holiday destination and also a favourite for yacht owners. There is a bustling vibe throughout the summer months with lots of local activities and attractions to visit. Amongst historic buildings and museums there is a wide choice of restaurants, bars and shops and the harbour offers a selection of water sports.

Tenure Details
SHOP and H.M.O.
Tenure: Freehold
H.M.O. income - approx. £22,800 p.a.
All rooms are currently let (3 long standing tenants)
Potential shop rental - approx. £10,000 p.a.
Total approximate income p.a. £32,800 - 6.2% gross yield

Approximate monthly rental of £1400 (£16,800 p.a.)

TOTAL APPROXIMATE INCOME for both properties - £49,600 - 5.1% gross yield

Property ref: 121_2833_4283187

More information from this agent

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