13 bedroom block of apartments for sale

Camelot Court, 73 St. Michaels Road, Bournemouth

£1,600,000

Property Description

Key features

  • Rare Opportunity
  • Town Centre Block of 13 Flats
  • Currently Producing Approx. 135,000 per annum
  • 8.4% Gross Yield (Based on Asking Price)
  • Large Area of Off Road Parking to Rear
  • Potential for Internal Re-Configuration
  • Potential for Future Redevelopment (STP)
  • Near Town Centre, Beach and Westbourne

Full description

Foxes - TOWN CENTRE BLOCK OF 13 SELF-CONTAINED APARTMENTS *** POTENTIAL FOR REDEVELOPMENT (STP) *** LARGE CAR PARK*** PRODUCING APPROX. £135,000 P/A ***

Foxes are delighted to offer for sale Camelot Court, a unique freehold town centre investment property comprising 13 self-contained units and currently producing around £135,000 per annum, representing a gross yield of over 8.4% based on asking price. Comprises 2 x 3 bedroom flats, 1 x 2 bedroom flats, 5 x 1 bedroom flats and 5 x studio flats plus manager's office.

The property has fantastic potential for re-configuration if deemed desirable by a new owner or can continue to produce a good level of income in its current setup. To the rear of the building is a sizeable area of land currently used as a car park, which may lend itself to future redevelopment subject to any necessary permissions, either as a stand-alone project or potentially in conjunction with neighbouring sites. Please contact us for further details.


More information from this agent

Listing History

Added on Rightmove:
19 July 2018

Nearest stations

  • Bournemouth (1.1 mi)
  • Branksome (1.7 mi)
  • Pokesdown (2.7 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Foxes Sales & Lettings, Bournemouth - Sales

2 Poole Hill, Bournemouth, BH2 5PS

01202 066051 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Bournemouth (1.1 mi)
  • Branksome (1.7 mi)
  • Pokesdown (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Foxes Sales & Lettings, Bournemouth - Sales

2 Poole Hill, Bournemouth, BH2 5PS

01202 066051 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 8955450. 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 Foxes Sales & Lettings, Bournemouth - Sales. 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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