Land for sale in Admirals Walk, West Cliff Road, Westbourne, Bournemouth BH2

Summary

*For sale via secure sale online bidding: Terms and conditions apply.*

We are pleased to offer to auction this rare opportunity to purchase A freehold site in the centre of bournemouth, BH2.

Originally a Victorian villa and coach house, now converted and consisting of multiple apartments and room rents, this unique freehold site has current tenants in situ which provides a great investment opportunity. With current occupants in situ, the building has a current income of over 141,000 annually.

Please note we have not inspected this property.

Location

This unique building is located approximately one mile from Bournemouth train station and seven miles from Bournemouth Airport, which has seasonal direct flights to most western European countries. The M27 motorway is situated just 15 miles from the building and connects Bournemouth to other locations along the South Coast and the M3 motorway towards London. There are many popular tourist attractions nearby, including Bournemouth Pier, Bournemouth International Centre, Poole Harbour and The Russell-Coates Museum.

Features

Prominently located on Wimborne Road, the site offers an extensive plot. With all flats and rooms fully equipped and up to date, they have been rented out for a period of 20 years. Flats offer private and communal entrances and an allocated parking space each. The proposed first floor plan is the coach house. Flat 6 occupies the whole top floor of the Coach house. There is a lower ground floor in the Coach house. Flat 8 is a maisonette.

Letting Accommodation

6 Flats (Held on 12 Month AST Contracts), 6 Room Rents, Plus Owners Accommodation.

Current monthly rents

Flat 2. 2000pm

Flat 3. 1500pm

Flat 4. 1500pm

Flat 5. 1600pm

Flat 6. 1300pm

Not Flat 7

Flat 8. 1100pm. 9000

Flat 1. 4 room let. 2750

2 rooms unlet. - (1400 when let) = 16,800 pa.
11750 pm

Total pa currently. 141000 p.a. Or 157,800 when let.

Trading/Business

The current business model has been a well-established operation for a long period of time and is forecasted to generate surplus of 150,000 annually.

Tenure

Freehold. Title number DT300669

Planning

Planning Permission Granted.

Planning number: G

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.