Guildford Court, Surrey Road, Bournemouth, Dorset, BH4
- PROPERTY TYPE
Land
- BATHROOMS
1
- SIZE
Ask agent
Key features
- Planning Permission for 'Penthouse Floor' 8 additional units - GDV over £1.5 Million
- 45 Flats in two purpose-built blocks
- Current income of £3,185 p.a.
- Mixture of short and long Leases - opportunity to grant Lease Extensions
- Maintenance and Insurance is arranged by the Freeholder
- Maintenance and Insurance is arranged by the Freeholder
- Section 5 Notices have not been served
- Offers invited.....
Description
45 Flats in two purpose-built blocks
Current income of £3,185 p.a.
18 Flat Leases for a term of 125 years from 25 March 1977, currently paying a total ground rent of £1,110 p.a., increasing to £1,665 p.a. from 25 March 2052
5 Flat Leases for a term of 215 years from 25 March 1977 at a peppercorn ground rent
2 Flat Leases for a term of 150 years from 25 March 2015, at fixed rents of £150 p.a. i.e. a total of £300 p.a.
9 Flat Leases for a term of 150 years from 25 March 2015 at fixed peppercorn rents
11 Flat Leases for a term of 150 from 25 March 2015, currently paying £1,775 p.a. and increasing by £1,775 on 25 March 2040 and every 25 years thereafter
8 surface parking spaces, subject to short term rental agreements
Maintenance and Insurance is arranged by the Freeholder
Managing Agents are appointed
Section 5 Notices have not been served
Guide Price £125,000 for Ground Rent Investment, plus Offers invited in respect of Planning Permission
Guildford Court, Surrey Road, Bournemouth, Dorset, BH4
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Branksome Station1.0 miles
- Bournemouth Station1.4 miles
- Parkstone Station2.3 miles
About the agent
House & Son, Bournemouth
Lansdowne House, The Lansdowne, Christchurch Road, Bournemouth, BH1 3JW
House and Son is one of the oldest multi-property agencies in Bournemouth and was established by Donald House in the present premises in 1939 just before the outbreak of World War II, playing an important role during that period and afterwards in the redevelopment of parts of Bournemouth.
Notes
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