MRKT Property Experts are pleased to present this six-bedroom licenced HMO. Set nearby to amenities on Christchurch Road, Pokesdown Train Station, AECC University College and Southbourne Grove the property is in bustling area with good facilities. It is also a short walk to the beach.

The external aspects of the property have recently been replenished (June 2023), and the property has a large concrete driveway which would fit 2-3 cars, and grass garden at the rear.

Currently the property is set up with two large bedrooms downstairs, and a living area which leads to the kitchen. Upstairs there are a further four bedrooms of mixed sizes, three have been used as doubles and one currently as a single (see floorplan), a shower room and bathroom.

The property has been well-maintained by its current owner, and needs little work internally and has been well looked after by the student occupiers. The property has also been managed by our lettings team for the past five years. Since 2020, the property has been occupied by students from the nearby and highly renowned AECC Chiropractic College and was previously let on a room basis. A group has already been secured for 2023/24 on a 11.5-month AST allowing a purchaser to begin earning rental income straight away. The rent is 2550pcm ? excluding bills. This would indicate a gross annual yield of 6%+

Being a fully-licenced the property has all its relevant compliance certificates. The current is valid until June 2024, though a new owner would need to re-apply.

Further information -
Windows were upgraded in c.2013.
In 2018 the owner made enquiries in regards to extending the property with XSPACE Architectural Services in Poole, and rough drawings were made for rear ground floor extension to create a lounge. This was on the basis that the adjoining property had an extension of similar proportions. If explored further there may be the possibility increase the number of rooms to create a 7-bed dwelling plus ensuite. It is advisable if you are looking to carry out such plans to carry out your own due diligence and planning consulatation.
Council tax - C

IMPORTANT NOTE - Auction Information -
This property is being sold by conditional online auction. Unlike a private treaty sale (i.e. private negotiated sale), the property will be sold via an online auction and at the end of the auction, the highest bidder and seller contractually commit to progress the sale (which remains subject to contract) within a specified period, giving both parties commitment and more certainty that the transaction will proceed.

?The auction bidding window will end at the time and date stated on this property's page on the agent's website. At that point, a reservation fee will be paid by the highest bidder, giving them an exclusive period of time in which to exchange contracts and complete the transaction, during which the seller agrees not to take steps to sell the property to anyone else. The reservation fee is non-refundable and for this property is 6,600 Inclusive of VAT. Reservation Fees do not contribute towards purchase prices (or deposit payments), although they will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

?Occasionally, the seller of the property may charge additional fees, listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. We strongly recommend that you read the Legal Pack carefully before bidding and obtain independent legal advice, where necessary.

?Contracts do not exchange immediately at the end of the auction period and can take place when you are ready, also allowing you time to raise a mortgage if you require one. The exclusivity period granted to the highest bidder is, however, time limited (note the length of this period will vary from property to property) and should you not exchange contracts and complete the transaction within this period, the seller shall be entitled to take steps to sell the property to a third party. The exclusivity period for this property is 56 days from the end of the auction. If you feel that you would require more time than this, please enquire with the agent before you place a bid, as the seller may be able to offer some flexibility.

Each property sold is subject to a reserve price - only offers in excess of the reserve price shall be accepted. The reserve price will be within 10% of the guide price. The guide price is provided as an indication so that a bidder can consider whether or not to pursue their interest. ?

To see the current highest bid price, auction end date or length of exclusivity period, or, to log in or register to bid, please visit the property page on the agent's own website.

All of our conditional online auctions are subject to our Bidder Terms, available at ?

GF Reception Bedroom 1 - 4.40m ( 14'6'') x 2.66m ( 8'9'')

GF Reception Bedroom 2 - 3.12m ( 10'3'') x 2.76m ( 9'1'')

Reception Room - 14.04m ( 46'1'') x 2.06m ( 6'10'')

Kitchen - 14.40m ( 47'3'') x 1.68m ( 5'7'')

Bedroom 3 - 4.40m ( 14'6'') x 2.64m ( 8'8'')

Bedroom 4 - 3.14m ( 10'4'') x 1.96m ( 6'6'')

Bedroom 5 - 3.14m ( 10'4'') x 1.34m ( 4'5'')

Bedroom 6 - 3.14m ( 10'4'') x 1.54m ( 5'1'')

Shower Room - 1.16m ( 3'10'') x 1.04m ( 3'5'')

Bathroom - 3.54m ( 11'8'') x 1.68m ( 5'7'')