This property is no longer on the market
15 bedroom house share
Key information
Property description & features
- Fully Licensed HMO To 25 Occupants
- Detached Property
- Scope To Increase
- Convenient Location To Shopping Area
- Short Term Lets Maximizing Yields
- Rear Off Road Parking
- Large Garage/Workshop Area
Description - A unique opportunity to acquire a fully licensed HMO detached property, situated in a convenient location close to Boscombe centre and within easy reach of the sea front.
The property is licensed for up to 25 occupants and mainly houses short term tenants, supplied by the council, housing associations etc and is overseen by a House Manager who deals with the day to day activities of the tenants if needed. By dealing with short term tenants, this maximizes the profitability and makes for a good yield.
The property had a roof extension a few years ago to increase the capacity which is covered under the license, and further units could be added to the side, which the current owner is exploring, subject to planning.
A great investment, producing a good yield in a convenient location, viewing comes highly recommended.
Area - Boscombe is an extremely popular suburb of Bournemouth which is located to the south east neighbouring both Bournemouth town centre and Southbourne. Locally there are a number of great shopping facilities varying from well-established independent stores to the popular chains
5* Award Winning Sandy Beaches, Pier, Promenade and Chine Gardens are comfortably unrivaled features, having undergone extensive investment and benefiting from Sea front restaurants, a surf school and popular bars/bistros selling local produce.
There is a main line train station at Pokesdown and Bournemouth which provides direct links to Southampton, Southampton Airport and London Waterloo. Bournemouth International airport (6 miles) offers a varied schedule of flights to a number of European destinations.
Tenure - Freehold
Fully Occupied Annual Income Between £120,000 - £130,000.
Currently Part Let. (Reduce number of tenants in building due to covid)
This information has not been verified and should not be relied upon as statement of fact, but it is given in good faith for guidance only. Applicants should make enquiries to satisfy themselves with regard to any restrictive covenants that may apply.
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Property reference 30773613. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Lovett Estate and Letting Agents - Bournemouth.
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Broadband availability and predicted speed: obtained from Ofcom on January 26, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 16, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on February 22, 2013 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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