Alder Road, Poole, BH12

CONSENTED 16-BED HMO DEVELOPMENT OPPORTUNITY | 5,000+ SQ FT | BOURNEMOUTH

Welcome Homes are delighted to offer this exciting development opportunity with planning consent for a substantial 16-bedroom HMO scheme.

An excellent opportunity for developers and investors to acquire a consented 16-bed HMO development, with the proposed scheme providing over 5,000 sq ft of accommodation and 16 bedrooms, each designed with private en-suite facilities.

The development offers the potential to create a substantial income-producing investment in a strong Bournemouth rental location.

INVESTMENT POTENTIAL

The proposed completed development is anticipated to provide an attractive income-producing asset, with projected rental income of approximately:

£172,800 PER ANNUM

This calculation is based upon 16 rooms at £900 pcm, assuming full occupancy.

Based on the proposed scheme and current market appraisal, the anticipated completed investment value is estimated at approximately £1.8 million to £2.1 million, depending upon the final specification, rental levels, investment yield and prevailing market conditions at the time of completion.

This provides an opportunity for an experienced developer to acquire a site with the benefit of planning already secured and undertake the development with a clear end-use and rental strategy.

PLANNING

The site benefits from planning consent for the proposed 16-bedroom HMO development.

The planning package includes detailed proposals for the creation of a modern HMO scheme providing 16 en-suite bedrooms and associated communal accommodation.

There is no CIL liability, providing an additional benefit when assessing the overall development appraisal.

The following information is available to interested parties:

• Approved planning drawings

• Planning decision notice

• Development information

DEVELOPMENT OPPORTUNITY

This is an attractive opportunity for a developer or investor looking to acquire a consented HMO development rather than undertaking the planning process from scratch.

The combination of:

16 en-suite bedrooms | 5,000+ sq ft | £172,800 projected annual rent | £1.8m–£2.1m anticipated completed value | No CIL

makes this a particularly interesting proposition for specialist HMO investors and developers.

The opportunity may suit:

• HMO developers

• Property investment companies

• Experienced private investors

• Build-to-rent investors

• Specialist residential developers

DOWNLOAD INFORMATION & MAKE AN OFFER

Full information relating to the development is available to download directly from the Welcome Homes website.

Application reference no: P/25/03850/CONDR

Interested parties can download the planning information and supporting documents, review the opportunity and submit an offer online.

EPC Rating: E