12 Bed Flat For Sale Knyveton Road, Bournemouth, BH1

£1,000,000- Flat

1 of 5
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Last Updated: 30th March 2024

Description

NEW TO MARKET \r
RARE FREEHOLD INVESTMENT OPPORTUNITY\r
DEVELOPMENT POTENTIAL\r
HOLIDAY LETTING PERMITTED\r
HALF A MILE TO TOWN CENTRE\r
ONSITE PARKING\r
4 LARGE APARTMENTS\r
SCOPE TO RECONFIGURE\r
RENTAL INCOME HAS RANGED BETWEEN £49-£52,000 PA\r
HUGE SCOPE TO INCREASE RENTAL INCOME\r
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Flat A - 3 Bedrooms - circa 1087 sq ft (101 sq m)\r
Flat B - 3 Bedrooms - circa 1076 sq ft (100 sq m)\r
Flat C - 4 Bedrooms - circa 796 sq ft (74 sq m)\r
Flat D - 2 Bedrooms - circa 807 sq ft (75 sq m)\r
(See floor plans)\r
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This Freehold opportunity would suit an investor or developer. There is strong potential for reconfiguring the existing, large, four apartments to create additional units. The site also lends itself to extending and erecting additional floors to create further flats (or) a complete new redevelopment altogether. Relevant planning consents will be required for such proposals. \r
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We believe that holiday letting as well as standard AST tenancies would suit this location. It would benefit from seasonal holiday makers as well as corporate guests during other times of the year, given its close proximity to Bournemouth Town Centre and the award winning Blue Flag Beaches nearby. \r
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These property details are set out as a general outline only and do not constitute any part of an Offer or Contract. Any services, equipment, fittings or central heating systems have not been tested and no warranty is given or implied that these are in working order. Buyers are advised to obtain verification from their solicitor or surveyor. Fixtures, fittings and other items are not included unless specifically described. All measurements, distances and areas are approximate and for guidance only. Room measurements are taken to be the nearest 10cm and prospective buyers are advised to check these for any particular purpose, e.g. Fitted carpets and furniture.
Agent Details
Clearwater Sales and Lettings
133 Penn Hill Avenue, Parkstone, Poole, BH14 9LY

Investment Analysis

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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Potential Return-on-Cash Invested