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GFF, 38, Richmond Park Road, BOURNEMOUTH, Dorset, BH8 8TG

29th June 2022
starts 09:30 AM at Grand Connaught Rooms
sold for
£325,000
The Lease is dated 27th June 1986 for a term of 125 years commencing from 27th June 1986 with a peppercorn ground rent.
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The negotiator dealing with this Lot is Russell Hartnell-Parker and he can be contacted on 02380 338 066 or by email: russell.hartnell-parker@fox-and-sons.co.uk
Six bedroom HMO flat currently let at £38,340 gross
Located in popular residential & investment area

Tenure
Leasehold

Lease Details
The Lease is dated 27th June 1986 for a term of 125 years commencing from 27th June 1986 with a peppercorn ground rent.

Location
The property is conveniently located in an established residential area with immediate access to the main A338 along with Queens Park and Boscombe which offers local amenities. The property is well positioned to serve working tenants needing access to the town centre and surrounding areas.

Description
A large ground floor apartment arranged as a 6 bedroom HMO investment unit producing £38,340 gross which includes the tenants bills. The property would be ideal for professional investors looking for a strong yield return in a popular and vibrant residential area.

Accommodation
Ground Floor: Side Entrance Hallway, Bedroom One, Shower Room, Bedroom Two, Bedroom Three, Bedroom Four, Living Room, Inner Hallway, Shower Room, Kitchen, Bedroom Five. Bedroom Six.

Outside: The property enjoys an area of garden located to the left hand side at the rear.

EPC C

Council Tax Band C

Tenancy Details
All rooms are let on a monthly agreement/licence with 1 months due notice fromeither party at the following rents:

Room 1 - £500 PCM from 01/06/22
Room 2 - £535 PCM from 09/04/22
Room 3 - £575 PCM from 01/05/22
Room 4 - £500PCM from 07/05/22
Room 5 - £535 PCM from 07/04/22
Room 6 - £550 PCM from 07/05/22

Copies of the agreements will be included within the legal pack and buyers are advised to satisfy all enquiries regarding the status of the tenancies prior to bidding.

Lot location is based upon nearest property postcode only. Actual location of property being sold may differ.

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lot infomation last updated: 1st July 2022 at 11:32 AM
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