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Land for sale

Wesley Road, Parkstone

Sold by Us £1,650,000

Property Description

Full description

Tenure: Freehold

Investment opportunity. A brand-new development of 6 x Semi-Detached three story town houses, located just off the main Ashley Road in Parkstone, Poole.

The site is due to be built and finished in approximately 12 months' time (October 2017). Each house will comprise of: Open plan living room /kitchen/dining room, cloakroom, 3 x bedrooms and 2 x bathrooms. Private rear garden and a total of 10 x parking spaces. Units 1 - 4 will be 985 sq ft (91.6 sq mt) and units 5 & 6 will be 931 sq ft (86.5 sq mt). The Churchfield lettings department have determined that if all the units were let on AST's the investment would produce £93,600.00 p.a. gross, giving a 5.67% return, based on the asking price. The GDV for the units if sold separately is approximately £1,650,000.00. The site will be offered with a 10-year warranty. The investment will be sold with the benefit of the freehold. Ideal investment opportunity, with minimal future maintenance requirements. For further details please Contact Andrew Hooper. More development and investments 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:
25 October 2016

Map & Street View

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