Holdenhurst Road, Bournemouth, Dorset, BH8

** Mixed use investment property **
** Gross income of around £350,000 pa. **
** Planning gain potential - located in Tall Building Zone **
** SPV purchase available **

A rare opportunity to acquire a Freehold mixed residential and commercial investment property with scope for planning gains (STPP)

This parade of shops with self-contained residential units above comprises 6 commercial units, 6 HMOs (with a total of 41 rooms) and 3 self-contained flats and is fully let at present. Annual income is nearly £350,000 representing a yield of close to 10% gross.

Located within Bournemouth's designated Tall Building Zone there have previously been positive Pre-app discussions with the Local Authority regarding a Purpose Built Student Accommodation tower of around 16 storeys comprising between 250 & 300 bedrooms. This location would also support a Build To Rent residential scheme.

The residential tenancies are all on ASTs and each of the commercial leases fall outside of the 1954 Act.

We are informed by the seller that there are no covenants which affect the property from a redevelopment perspective.

Proof of funds will be required when considering any proposals.