Land & Development in BH2

Wimborne Road, Bournemouth, Dorset, BH2 6NG

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Online auction

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Rare Opportunity
  • Originally a Victorian villa and coach house
  • Multiple Apartments & Room Rents
  • For Sale By Secure Sale - Terms & Conditions Apply
  • Tenants in situ
  • Current income will exceed £157,000pa once fully let

Land & Development in BH2

*For sale via secure sale online bidding: terms and conditions apply.*

We are pleased to offer to auction this RARE OPPORTUNITY TO PURCHASE A FREEHOLD SITE IN THE CENTRE OF BOURNEMOUTH, BH2.

Originally a Victorian villa and coach house, now converted and consisting of multiple apartments and room rents, this unique freehold site has current tenants in situ which provides a great investment opportunity. With current occupants in situ, the building has a current income of over £141,000 ANNUALLY.



Please note we have not inspected this property.

Summary

  • Property Type: Land & Development
  • Parking: Off Street

Location

This unique building is located approximately one mile from Bournemouth train station and seven miles from Bournemouth Airport, which has seasonal direct flights to most western European countries. The M27 motorway is situated just 15 miles from the building and connects Bournemouth to other locations along the South Coast and the M3 motorway towards London. There are many popular tourist attractions nearby, including Bournemouth Pier, Bournemouth International Centre, Poole Harbour and The Russell-Coates Museum.

Features

Prominently located on Wimborne Road, the site offers an extensive plot. With all flats and rooms fully equipped and up to date, they have been rented out for a period of 20 years. Flats offer private and communal entrances and an allocated parking space each. The proposed first floor plan is the coach house. Flat 6 occupies the whole top floor of the Coach house. There is a lower ground floor in the Coach house. Flat 8 is a maisonette.

Letting Accommodation

6 Flats (Held on 12 Month AST Contracts),

6 Room Rents,

Plus Owners Accommodation.

CURRENT MONTHLY RENTS

Flat 2. 2000pm

Flat 3. 1500pm

Flat 4. 1500pm

Flat 5. 1600pm

Flat 6. 1300pm

Not Flat 7

Flat 8. 1100pm. £9000

Flat 1. 4 room let. 2750

2 rooms unlet. - (1400 when let) = 16,800 pa.
11750 pm
———
Total pa currently. £141000 p.a. Or £157,800 when let.

Trading/Business

The current business model has been a well-established operation for a long period of time and is forecasted to generate surplus of £150,000 annually.

Tenure

Freehold. Title number DT300669

Planning

Planning Permission Granted.

Planning number: 7-2017-10348-G

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

This property is being sold subject to unconditional reservation fee auction terms and conditions.

 

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

 

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

 

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable. 

 

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

 

More Information

For more information call our auction experts on 0191 206 9335 or email auction@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:  

My bid may be accepted by the seller at any time before the close of the auction.  It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack. 

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.  

Any amount payable at the close of the auction must be paid within 1 hour.   

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second. 

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation. 

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice. 

Minimum online bidding increments: 
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid 
£150,001 to £250,000 - £1,000 minimum bid 
​£250,001 to £750,001 - £2,500 minimum bid 
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions. 

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auction@pattinson.co.uk

 

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