 |
| Frances Road - Bournemouth | 7 Beds 5 Baths |
|  |
| Local map Slide show Email a friend |
|
Full Description
DEVELOPMENT POTENTIAL - Heritage Sales and Lettings are pleased to be able to offer for sale this freehold semi detached HMO currently arranged into seven units (4 x 1 beds and 3 x bedsits with shared shower). This property, set over three floors receives an income of £28,440 per annum ( 1 x 1 bed flat is currently vacant) Income capabilities of in excess of £35k per annum creating a 7% return as is with 4 x parking spaces occupying the front drive. Planning permission has just been granted for extending and converting to 6 x 1 bedroom flats, BCP planning application number 7-2022-21619-B with a re-sale value of approx £900k - £960k. Rental values after conversion are approximately £50-£54k per annum creating an 8%+ return. Flat 1 - 1 bed - £400 pcm Flat 2 - 1 bed - £595 pcm Flat 3 - Bedsit with kitchenette and shared shower - £325 pcm Flat 4 - Bedsit with kitchenette and shared shower - £325 pcm Flat 5 - Bedsit with kitchenette and shared shower - £325 pcm Flat 6 - 1 bed - £400 pcm Flat 7 - 1 bed - Vacant NB this property currently has some subsidence which will require some attention. EPC ratings vary between D and E (reference: HTG1000161) |
 |
 |
 |
 |
