This is a rare investment opportunity to purchase a substantial freehold building located just off the Old Christchurch Road, within walking distance to the town centre. The property offers a blank canvas for development, with plans to convert it into 16 self-contained flats or demolish and erect a brand-new block of 27 apartments, subject to necessary permissions. The property's versatility lends itself to a wide range of uses, including a nursing home, hotel, sheltered accommodation, office block, serviced offices, language school, medical centre, showroom, headquarters, data centre, bars, restaurant, nightclub, student accommodation, classrooms, racket/paintball centre, indoor market and shops, place of worship, nursery, gym, hostel, and healthcare facility. The asking price is £75,000 per annum, with terms to be agreed.