£97,500

1 bed flat for sale
501-507 Christchurch Road, Bournemouth BH1

    • 1 bed

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About this property

  • Annual Ground Rent: 250

  • Annual Service Charge: 2,000

  • Council Tax Band: A

  • Tenure: Leasehold

  • Ground Floor

  • One Bedroom

  • Modern Bathroom & Kitchen

  • Holiday Letting Permitted

  • Close To Beach

This modern one bedroom apartment is set on the ground floor of this popular block and is smartly finished throughout.

The apartment offers an compact but practical open plan living area. The kitchen is fully equipped with an electric oven, hob and extractor, and there is an integrated fridge/freezer. The washing machine is standalone and under the counter. There is also a double bedroom, which leads to a modern shower room.

The property offers gas central heating and is double glazed, and there is an intercom system for entry into the building. There is no parking with this property, though there is a communal bike store, and on road parking available nearby. Further within the building there is a communal rooftop area for residents enhancing the pleasant building environment.

Further benefits are its location with the beach and Boscombe centre just a short walk away.

For investors, The Cotton Exchange has always been a popular block for tenants. The approximate rental valuation would be 775-800pcm - which would offer gross annual rental yields of 8%+. Holiday lets are also permissable.

Previously rented the property is offered with vacant possession.

Lease Information:
110 years remaining.
Service charge - 2000pa
Ground rent - 250pa

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