12 bedroom detached house for sale

Hengist Road, Bournemouth

Offers in Excess of £1,385,000

Property Description

Key features

  • Freehold block of 8 apartments
  • Modern and recently referbished
  • Close walk to Boscombe beach
  • Fully tenanted on AST contracts

Full description

ATTENTION INVESTORS! BELVOIR ARE PROUD TO BRING TO THE MARKET A FULLY TENANTED, FREEHOLD BLOCK OF 8 APARTMENTS CLOSE TO BOSCOMBE BEACH.

Attention Investors! - This is a fantastic opportunity to purchase a freehold block of 8 apartments currently fully tenanted achieving a strong rental yield.

The Block Consists Of; - > 5 x 1 bedroom flats
> 2 x 2 bedroom flats
> 1 x 3 bedroom penthouse

All but 3 of the flats have been recently referbished to provide a modern finish to maximise the rental returns.

The other 3 have been tenanted long term and offers an opportunity to add value once vacant.

We have not been able to measure all of the flats within the block, however understand the one bedroom flats to be in the region of 40sqm - 45sqm, the two bedrooms to be in the region of 60sqm and the top floor 3 bedroom apartment to be in the region of 80sqm.

The majority of the flats come with a garden or terrace providing an outdoor space for tenants.

There are parking spaces to the front of the building and further spaces at the front for on road parking with no restrictions.

The Estimated Individual Valuations For The Flats - Flat 1: £200.000
Flat 2: £155.000
Flat 3: £200.000
Flat 4: £165.000
Flat 5: £165.000
Flat 6: £165.000
Flat 7: £175.000
Flat 8: £275.000

Total: £1.500.000

*Please note that these are not surveyor valuations, however give an estimate for the amount the vendor would expect to sell each apartment for if sold individually based on the current market conditions.

Strong Rental Yields - All but one of the apartments are currently let out on Assured Shorthold Tenancies achieving in the region of £80,000* per annum. This offers investors a gross yield of over 5.5%

The location is a hot spot for rental properties reducing any risk of void periods. There may be a future potential of offering some or all of the flats available as holiday lets (subject to planning) which could significantly increase rental income further.


> The photos attached are a selection of the flats available within the building. Not all flats have been included as we do not have photographs at this time.

> Please be aware that there should be no direct approach to the property, and all viewings are to be made strictly through the agent after proof of finance has been obtained.


More information from this agent

Listing History

Added on Rightmove:
02 June 2017

Nearest stations

  • Bournemouth (0.7 mi)
  • Pokesdown (1.1 mi)
  • Christchurch (2.9 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Belvoir, Castle Lane West, Bournemouth

122-124 Castle Lane West Bournemouth BH9 3JU

03339 873228 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.

Floorplans


To view this property or request more details, contact:

Belvoir, Castle Lane West, Bournemouth

122-124 Castle Lane West Bournemouth BH9 3JU

03339 873228 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.

Map & Street View

Nearest stations

  • Bournemouth (0.7 mi)
  • Pokesdown (1.1 mi)
  • Christchurch (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Belvoir, Castle Lane West, Bournemouth

122-124 Castle Lane West Bournemouth BH9 3JU

03339 873228 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 27002698. 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 Belvoir, Castle Lane West, 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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