Elm Grange, 64 Oakdale Road, Poole, Bournemouth Christchurch Poole, BH15 3LG

Interested parties should contact Knight Frank Auctions for further information.

Description
The property forms a purpose built residential block comprising 12 units all of which are subject to long leases. 8 leases with 75 years unexpired and 4 leases with 165 years unexpired. Total current rent reserved £1,560 pa.

Investors in this opportunity would acquire a relatively passive income stream, backed by secure leasehold commitments, with minimal day-to-day management obligations and potential to receive lease extension premiums.

Note - The lessees HAVE elected to take up their rights of pre-emption under the terms of the Landlord and Tenant Act 1987.

See legal pack for schedule of lease and incomes.

Location
Elm Grange is located on Oakdale Road, within the popular Oakdale district of Poole. The property benefits from excellent transport links and local amenities:
Oakdale provides a range of local shops, cafes, pubs, and schools, with further retail and leisure facilities available in Poole town centre.

Poole railway station is approximately 1.5 miles away, providing regular services to London Waterloo, Bournemouth, and Weymouth. The A35 and A350 are easily accessible, linking the area with Bournemouth, Dorchester, and the wider Dorset road network.

Poole is renowned for its natural harbour, one of the largest in Europe, offering sailing, water sports, and ferry connections. The award-winning beaches of Sandbanks and Bournemouth are also within easy reach.

The buyers fee is including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.

Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:

• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.