£97,500
1 bed flat for sale501-507 Christchurch Road, Bournemouth BH1
1 bed
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
Anti Money Laundering & Proof of Funds
We have an obligation to complete anti-money laundering and proof of funds checks on all buyers who submit offers. These checks are completed online via a secure platform. There is an administration cost from 24.
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