4 bedroom block of apartments for sale

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4 bedroom block of apartments for sale

Old Christchurch Road, Bournemouth Town Centre
£360,000

Our Summary

  • Fully tenanted investment opportunity, situated in a central location in the heart of Bournemouth town centre
  • Please contact us if you require any further information on this exciting landlord investment opportunity or wish to arrange a viewing

Description

This is a fully tenanted investment opportunity in the heart of Bournemouth town centre, comprising four apartments and one additional flat held on a long lease. The apartments are well-presented and in good condition, with gas central heating and are situated above night time entertainment facilities but have received the appropriate noise pollution sign off from the local council. The property is leasehold, held on a 999 year head lease from 1997, with no set service charge and maintenance shared between the five flats and the ground floor commercial premises. The four apartments are currently generating an income of £2,925 per month / £35,100 per annum, representing a yield of 10% at the asking price.
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