Freehold investment producing £62,400 per annum

An unusual opportunity to acquire a substantial freehold terraced property, currently configured as a ground floor commercial unit with 8 flats over the first, second & third floors. It is to be noted, the ground floor commercial unit has been sold off on a long lease. *The Auctioneers have not been able to inspect the property internally - and therefore are unable to confirm the condition or layout of 39 Lorne Park Road* Situation The property is located in Lorne Park Road in the heart of Bournemouth Town Centre, which is known for its restaurants, bars and shops. Bournemouth's award-winning beaches are within walking distance of the property as is Bournemouth mainline station which is approximately 1.4 miles from the property. NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY Tenure - Freehold Council Tax - TBC EPC Rating Flat 1, 2a, 4a, 5a - D Flat 2 - E Flat 3, 4, 5 - C Rent The 8 flats are let to Help2Rent Property Management Limited on a 3 year lease expiring on the 7th July 2025, current rent £62,400 per annum.

Lot Type

Freehold Investment

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 0.5% (inc VAT) of the sale price, subject to a minimum of £1,500 (£1,250 plus VAT)

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.