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Two Detached Investment Houses, Grosvenor Gardens, Bournemouth, BH1

PROPERTY TYPE

Detached

BEDROOMS

11

BATHROOMS

8

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • RARE INVESTMENT OPPORUNITY
  • TWO NEIGHBOURING DETACHED FREEHOLD HOUSES
  • LICENCED & ARRANGED AS 8 SEPARATE REFURBISHED FLATLETS
  • ONE LANDLORD OWNER
  • £81,000 ANNUAL INCOME (8.5% YIELD)
  • READY MADE INVESTMENT - GREAT LONG TERM INCOME
  • ALL CURRENTLY LET
  • CLOSE TO BOSCOMBE HIGH STREET SHOPS
  • EASY REACH OF RESTAURANTS & BEACH

Description

***Guide Price £900,000 to £950,000 For Two Neighbouring Detached Freehold Licenced Houses - As 8 Flatlets (£450,000- £475,000 each house) All Let.. £81,000 current combined income.. approx. 8.5% Yield.****

House & Son are delighted to offer for sale this very rare and exciting investment opportunity; comprising two refurbished neighbouring character Freehold investment properties. Arranged as 8 licenced Flatlets, the perfect ready to go investment; all fully let and income producing!

Ideally positioned within close proximity to local amenities. The properties are conveniently located near Boscombe High Street, with its array of shops and restaurants, and are within easy reach of award-winning beaches, Boscombe Gardens, and the seafront.

Each detached property is arranged over three floors and has been cleverly configured to provide four self-contained flats per building (eight flats in total). The combined rental income is approximately £81,000 per annum, making this an attractive proposition for investors.

In brief, each property comprises a two-bedroom ground floor flat, a first-floor studio flat, a one-bedroom first-floor flat, and a two-bedroom second-floor flat. Each flat benefits from its own fitted kitchen and bathroom, along with gas fired central heating.

Externally, the properties further benefit from enclosed courtyard gardens to the rear.

A rare opportunity to acquire a well-located, income-producing investment in a popular coastal location. Early viewing is highly recommended.


PROPERTY ONE:

FLAT 1: (2 BEDROOM GROUND FLOOR FLAT)
LIVING ROOM / KITCHEN (OPEN PLAN) 20' 3" x 12' 7" (6.17m x 3.84m)
BEDROOM ONE 14' x 11' 8" into bay(4.27m x 3.56m)
BEDROOM TWO 11' 1" x 9' 9" (3.38m x 2.97m)
SHOWER ROOM 9' 4" x 4' (2.84m x 1.22m)

FLAT 2: (1ST FLOOR STUDIO FLAT)
LIVING ROOM / BEDROOM 14' x 12' (4.27m x 3.66m)
KITCHEN 6' 4" x 5' 6" (1.93m x 1.68m)
SHOWER ROOM

FLAT 3: (1ST FLOOR ONE BEDROOM FLAT)
ENTRANCE HALL
LOUNGE 14' 8" x 11' 6" (4.47m x 3.51m)
KITCHEN 10' x 5' 4" (3.05m x 1.63m)
BEDROOM 13' 6" x 12' 6" (4.11m x 3.81m)
BATHROOM 7' 7" x 5' 7" (2.31m x 1.7m)

FLAT 4: (2ND FLOOR - 2 BEDROOM FLAT)
STAIRS RISING TO 2ND FLOOR LANDING
LOUNGE 18' 0" x 11' 0" x7' 9(5.49m x 3.35m) 8ft ceiling height
KITCHEN 10' 10" x 5' 3" (3.3m x 1.6m) 8ft ceiling height
BEDROOM ONE 12' 8" x 12' (3.86m x 3.66m) 8ft ceiling height
BEDROOM TWO
BATHROOM 7' 4" x 6' 7" (2.24m x 2.01m) 6'7 " ceiling height


PROPERTY TWO:

FLAT ONE: (2 BEDROOM GROUND FLOOR FLAT)
LIVING ROOM 12' x 11' 0" (3.66m x 3.35m)
KITCHEN 13' 1" x 7' 9" (3.99m x 2.36m)
BEDROOM ONE 14' 2" x 13' 0" Into bay (4.32m x 3.96m)
BEDROOM TWO 12' 0" x 9' 7" (3.66m x 2.92m)
SHOWER ROOM 9' 10" x 3' 10" (3m x 1.17m)

FLAT 2: (1ST FLOOR ONE BEDROOM STUDIO FLAT)
LIVING ROOM/BEDROOM 13' 2" x 12' 6" (4.01m x 3.81m)
KITCHEN 6' 7" x 5' 8" (2.01m x 1.73m)
SHOWER ROOM

FLAT 3: (1 BEDROOM 1ST FLOOR FLAT)
ENTRANCE HALL
LOUNGE 13' 9" x 12' 8"into bay (4.19m x 3.86m)
KITCHEN 11' x 5' 5" (3.35m x 1.65m)
BEDROOM 13' 3" x 11' 9" (4.04m x 3.58m)
BATHROOM 9' 5" x 4' (2.87m x 1.22m)

FLAT 4: (1 BEDROOM 2ND FLOOR FLAT)
PRIVATE ENTRANCE
LIVING ROOM 17' 5" x 17' 2" (5.31m x 5.23m) 8ft ceiling height
BEDROOM 12' 4" x 9' 5"x8' 7" APPROX (3.76m x 2.87m) 8ft ceiling height
BATHROOM 6' 10" x 9' 8" (2.08m x 2.95m) 10ft ceiling height



DISCLAIMER
Please note that while every effort is made to ensure the accuracy of the information provided, errors and omissions can occasionally occur. The details supplied regarding lease terms are based on information obtained from the Land Registry and other relevant sources at the time of review.

Any building alterations, consents, or planning permissions relating to the property have not been verified by House & Son. Verification of such matters, as well as confirmation of lease details and any other legal documentation, should be undertaken by the purchaser's or purchaser's legal representative prior to reliance or completion of any transaction.

House & Son accepts no liability for any loss or inconvenience arising from reliance on information provided in error, save as otherwise required by law.
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
On street
GARDENA property has access to an outdoor space, which could be private or shared.
Private garden
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Two Detached Investment Houses, Grosvenor Gardens, Bournemouth, BH1

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About House & Son, Bournemouth

Lansdowne House, The Lansdowne, Christchurch Road, Bournemouth, BH1 3JW

House and Son is one of the oldest multi-property agencies in Bournemouth and was established by Donald House in the present premises in 1939 just before the outbreak of World War II, playing an important role during that period and afterwards in the redevelopment of parts of Bournemouth.

Your mortgage

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Years
Current average is 4.5%
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Monthly repayments
£4,105
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Disclaimer - Property reference grosv-2. 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 House & Son, 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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