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10 bedroom block of apartments for sale

Sandringham Mansions, 21-51 Exeter Road, Bournemouth, Dorset

Removed £2,250,000

Property Description

Key features

  • For sale by auction
  • Investment Freehold Building
  • Bedrooms: 10

Full description

Tenure: Freehold

Lot 15 - This lot is for sale by auction as lot 15 on 15th December 2016.

Freehold Terrace of Buildings Comprising Four Shops, Twelve Self-Contained Flats, Basement Store and Three Parking Spaces

- Planning Permission for the Addition of a New Third Floor to Create an Additional Nine Self-Contained Studio Flats
- Prominent location
- Each Flat subject to an Assured Shorthold Tenancy
- Each Shop subject to a Commercial Lease
- Basement Store and Two Parking Spaces Let
- One Parking Space Vacant
- Total Current Rent Reserved

£184,960 per annum (equivalent) with One Parking Space Vacant


Tenure
Freehold.

Location
The property is located in Bournemouth city centre on the east side of Exeter Road and to the south of its junction with Exeter Crescent. The A338 is to the north and provides access to the A31, M27 and M3 Motorways. An extensive range of shops and other facilities is available in Bournemouth city centre. The immediate surrounding area is being transformed by a number of major developments, including the new Hilton Hotel, and the recently approved West Central Entertainment Scheme. Rail services run from Bournemouth Station approximately 1.3 miles to the north-east. The open spaces of Lower Gardens and Bournemouth seafront are nearby.

Description
The property comprises a terrace of buildings arranged over basement, ground and two upper floors. The property is internally arranged to provide four shops on the ground floor, together with residential accommodation above on the first and second floors.

Accommodation and Tenancies
The property was not internally inspected or measured by Allsop. The information in the schedule of Accommodation and Tenancies set out below has been obtained from previous marketing details.

Planning
Local Planning Authority Bournemouth Borough Council.Tel 01202 451323.The property is to be offered with planning permission (Application number 7/2014/836/AL) dated 1st August 2014 for 'alterations and formation of a new third floor level to create an additional nine flats and erection of bin storage and cycle store'.

Seller's Solicitor
Messrs Howard Kennedy(Ref Charles Maxwell).Tel 0207 663 8608.Email charles.maxwell@howardkennedy.com

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'TBA', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at www.auction.co.uk. Please check regularly for updates. Lots may be sold or withdrawn prior to auction.


Listing History

Added on Rightmove:
26 November 2016

Map & Street View

Disclaimer - Property reference 970000064. 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 Allsop , Auction. 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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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Allsop , Auction on 0207 494 3686.


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