In terms of investment purposes Bournemouth has huge potential and the main draw for this particular investment is the multiple revenue options, with the development allowing short term lets. Bournemouth gets approximately 5 million yearly visitors. The area has seen some large capital growth (22% in 5yrs propertydata.co.uk) in the property values outside of London, and the rental demand in the area is also very strong. Bournemouth beach has won trip advisors ‘beach of the year’ for the last two years, which in itself begins to show one of the reasons for its popularity.
Location, location location!! With its BH1 postcode, a few minutes from the beach, half a mile from the train station, the developer has taken this 1900's building and brought the property back to life converting the current offices to only 14 self-contained modern and light apartments specifically build for serviced accommodation taking full advantage of the centralised location. As mentioned the lease allows investors to rent their property on the serviced / short term / holiday let market, it is worth mentioning that many apartment blocks in Bournemouth do not allow short term lets to be carried out in the lease. Under the SHORT TERM LET model NET yields can be as high as 15%, especially being close to the major hotel chains such as Holiday Inn - please ask for details.
There are 10 large studio apartments, 3 one bedrooms and 1 two bed apartment in the block, with prices starting from £132,000. It is a CASH ONLY purchase.
The apartments come FULLY FURNISHED with all white goods and will include fitted kitchens, blinds and TV's, all this included in the price. The development provides shared car parking facilities, all apartments have access to this, and will be managed by the management company.
*Annual Rental income can vary, please speak to your consultant about the potential of the unit you are interested in, Residential Estates would also suggest you carry out your own due diligence in the local market at the time of purchase, the Annual Rental shown is based on the furnished holiday let rental predictions
View more of our buy to let investments here.
what3words location /// linked.shed.note
|Potential Upto 15% NET Yields|
|10 Mins Walk to Award Winning Beach|
|Lease Allows Short Term Lets|
|Low Service Charge|
|Close to Local Amenities|
|1hr 42 Mins To London by Train|
|Train Station 1 Mile away|
|Fully Furnished to include TV's and Fitted Kitchens|