Flat for sale in St. Michaels Road, Bournemouth BH2

An excellent investment opportunity comprising a freehold block of four studio apartments and a one bedroom apartment all let on ASTs and producing just under £41,000 per annum. Situated in a convenient location half a mile from Bournemouth town centre.

Formerly a guesthouse, the property was converted in 2015 to provide five modern studio apartments over three floors, in an excellent central location.

Full planning permission was granted on 17 June 2015 for alterations and conversion of the existing guesthouse into four holiday flats and one residential flat.

All five apartments are currently let on ASTs:
Flat 1: £725.00 per month
Flat 2: £635.00 per month
Flat 3: £670.00 per month
Flat 4: £750.00 per month
Flat 5: £625.00 per month
Total: £3,405.00 per month / £40,860 per annum

Flat 1
A ground floor studio apartment accessed via a communal hallway, with living/bedroom area with bay window, kitchen, and shower room.

Flat 2
First floor studio apartment accessed via a communal hallway and comprising bedroom/living area with opening to kitchen, shower room.

Flat 3
First floor studio apartment accessed via a communal hallway and comprising bedroom/living area with bay window, kitchen area and shower room.

Flat 4
Second floor one bedroom apartment comprising reception room, kitchen, bedroom, and shower room.

Flat 5
Ground floor studio apartment with private access via a yard, bedroom/living area with opening to kitchen and shower room.

Situation

The property is situated in a prime location in the town centre and is within close proximity of the West Cliff and Bournemouth’s award winning beaches, promenade and pier,

Bournemouth Town Centre offers variety of shops and multiple restaurants and bars and a leisure complex. There is a main line train station approximately 1.5 miles with direct services to London Waterloo, Manchester, Winchester, Southampton, and Southampton Airport. Bournemouth International airport is 6 miles and offers a varied schedule of flights to a number of European destinations.

What3words ///lovely.spun.beyond

Agents Notes

The planning permission granted on 17 June 2015 was for the conversion/alteration of the property to provide 4 x studio holiday apartments and 1 x two bedroom apartment however the property was converted to provide 4 x studio holiday apartments and 1 x one bedroom apartment. The property will be sold with all five AST’s.

Please note the marketing photographs have been provided by our client and some were taken in 2016,2017 and 2023.

As at 03/04/24: Standard, superfast, and ultrafast broadband available to all apartments. Limited voice and data coverage from some providers inside the property. Likely coverage from all providers outside the property.