Land for sale

£550,000 Offers in excess of

Floorplan

'A MUST-SEE FREEHOLD PROPERTY '''

Ideally located in Commercial Road Bournemouth, is this fantastic opportunity to own a FREEHOLD period building comprising of just under 3000sq.ft of internal living and workspace. The building is made up of a commercial property on the ground floor, basement and two residential flats above.

Commercial Road is a vibrant hub of retail and nightlife, capturing the essence of Bournemouth towns dynamic atmosphere. Situated in the heart of the town Centre, it serves as a key shopping destination, complementing nearby areas like The Triangle and The Avenue. The street boasts a diverse array of stores, from independent boutiques to well-known international brands.

Beyond shopping, Commercial Road is renowned for its lively bar and cafe scene. Both sides of this bustling street are lined with an assortment of establishments catering to various tastes, wants and needs.

The atmosphere on Commercial Road is one of constant activity, with visitors enjoying the blend of retail therapy and culinary delights. The streets strategic location and diverse offerings make it a central point for both locals and tourists looking to experience the best of Bournemouths shopping and nightlife.

The Ground Floor

Situated on the ground floor of the building is a commercial unit that is currently being used as a fully functioning hair salon (HIRSCH SALON). The shop unit offers a very good floor space and is equipped with kitchenette/utility room, storage cupboard and W/C. there is a great opportunity to continue with a hair salon or why not make a change and set up your very own business (subject to planning). The shop unit also provides access via a staircase down to the basement floor.

The Basement Floor

The basement is an impressive space, offering ample flexibility in what it could be used for. The basement floor is divided into a large reception room that would be ideal as a lounge or staff area for the shot unit, a store cupboard, a large kitchen with plenty of cupboard space, W/C/shower room and separate bedroom/reception room. The basement also provides access out on to the courtyard style garden and access out on to commercial road. With permission you could turn this in to a one-bedroom flat located on the lower ground floor in the building with a rental income of 800-1000pcm.

The First floor

Located above the commercial shop unit are two residential flats. Access to properties can be found just to the right-hand side of the shop unit. Enter the communal hallway and find a storage cupboard, ideal for general household items and a staircase leading to all principal flats in the building.
On the first floor is a very spacious one double bedroom flat. Erecting a few partition walls will transform the property and give you the added benefit of creating a second bedroom (subject to planning). The property consists of a light a bright large lounge area, a very good size kitchen, family bathroom and a separate W/C.

Second Floor

The second floor offers an already converted two-bedroom flat. The property boasts a good size lounge, spacious kitchen with dining area, good size family bathroom, and separate W/C. The property is in good decorative order.
The two flats would make ideal rental properties and if refurbished to a good standard, you could achieve 800.00-950.00pcm for the one-bedroom flat and 1100.00-1200.00pcm for the two-bedroom flat.
Parking for the properties can be found on road or in the public car-park local to the building. Transport links can be found a short walk away with several bus stops available to help get you in and out of town.

Overall, Commercial Road embodies the lively spirit of Bournemouth, offering a mix of shopping, dining, and entertainment that appeals to a wide range of interests. Whether youre looking to update your wardrobe, enjoy a meal, or unwind with a cocktail, Commercial Road has something to offer everyone.

CALL NOW TO SECURE YOUR VIEWING
Agent Notes
Tenure Freehold title to the building and leaseholds titles for both flats


1. Money laundering regulations: intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: while we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: these approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Martin and Co Bournemouth nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 456450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 13750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 43950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message