This freehold block of four flats presents a remarkable investment opportunity in the heart of Bournemouth, generating an annual income of £54,000 with significant potential for value enhancement. Located close to the scenic Bournemouth Gardens and the beachfront, this property is situated in an area known for its strong rental demand and long-term appreciation prospects.
Currently, the building comprises a spacious three-bedroom flat on the second floor with two shower rooms, along with another three-bedroom flat on the first floor. The ground floor features a one-bedroom garden flat and an additional one-bedroom flat, all of which are well-maintained and occupied by reliable tenants under standard AST agreements.
The existing configuration offers stable income but hints at untapped potential; planning drawings suggest reconfiguring into six units—four one-bedroom flats, one two-bedroom flat, and one three-bedroom flat—could increase rental income to approximately £77,400 per year with a projected gross development value of around £845,000.
Additional amenities include off-road parking for three vehicles and private rear gardens. With compliance certificates prepared for inspection and nearby attractions enhancing tenant appeal, this property is ideal for investors seeking a high-yield buy-to-let or developers looking to maximize their investment in a desirable coastal locale. Please note that any alterations will be subject to obtaining necessary planning permissions.
