Northcote Road, Bournemouth, Dorset, BH1

Investment opportunity (HMO) with an elapsed grant of planning for a terrace of eight houses. Ideal opportunity for purchasers in a position to proceed immediately. The investment is situated within a courtyard, with access via an archway. The existing buildings are currently set out as 11 x one-bed/studio flats that produce a total of £66,420.00 gross p.a. Each unit is in average condition and would benefit from updating and decorating. The EPC for each unit is C. The elapsed planning was for a terrace of 8 x 1-bedroom houses with 4 x parking spaces and a bin & bike store. Planning was granted on the 24th July 2008, Application number: 7-2008-4052-T.

I have spoken with the architect that submitted the elapsed planning and he suggested putting in the application again would be a straightforward process. The vendor advises me that there are no known covenants. The site is well located and only a short stroll to public transport and shops. Bournemouth Town Centre is within easy reach. For further details, please contact Andrew Hooper on . More development land and investments available on our web site:

Development or Investment site (s), bought through Churchfield the purchaser is required to retain us. The minimum fee for this opportunity is £40,000.00 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 five 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 £3,400 including vat) of the original purchase price will be chargeable to the purchaser in addition to any other costs or charges agreed. Once the five-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.

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