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13 bedroom commercial property for sale

Lansdowne Crescent, Lansdowne, Bournemouth, Dorset

Sold STC £400,000

Property Description

Key features

  • Freehold Land Site
  • Planning Permission Granted
  • 2 x commercial shops
  • 13 bed student Accommodation
  • (potential for 14 beds)
  • Arranged as 3 flats
  • Rental val 100,750 p.a.
  • closing date 25/09/18

Full description

Informal Tender - a freehold land development site for sale with planning permission granted for 4 storey comprising 2 commercial shops and 13 bed (potentially 14 bed) student accommodation over, arranged over 3 floors and 3 separate self contained flats with bike store. Prime location for Student letting and demand for these smaller commercial units. This coupled with the redevelopment plans for Lansdowne will ensure strong growth. Rental Valuation: The brand new 2 x commercial shops Rental £13,000 p.a. x2. 13 Bed Student Accommodation. The new 2x 5 bed student flat & 1 x 3 bed, @£500 per room, for 11.5months = £74,750p.a. TOTAL RENTAL INCOME: £100,750p.a.GUIDE PRICE £400,000. Closing Date 25th September 2018.

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