8 bed Block Of Apartments - For Sale
Bournemouth, Dorset
£794,000

***INVESTMENT OPPORTUNTY*** BLOCK OF FIVE APARTMENTS The property is situated on the northern side of Porchester Place in the Boscombe area of Bournemouth. A three-storey block comprising of five flats, constructed circa 2008. Constructed of rendered brick walls, beneath a tiled pitched roof. The third storey occupies the roof space, utilising former windows in the roof slope. The block is made up of one and two bedroom flats; one on the ground floor, two on the first floor and two on the top floor. There is 3 two bedroom flats and 2 one bedroom flats. Flat Measurements: Flat 1A: 61 sqm - 656.60 sqft Flat 1B: 55 sqm - 592.02 sqft Flat 1C: 87 sqm - 936.46 sqft Flat 1D: 54 sqm - 581.25 sqft Flat 1E: 86 sqm - 925.70 sqft There is a communal entrance to the front of the property with UPVC double glazed windows throughout. There is a gate providing access to a courtyard at the rear. With a forecourt at the front of the property, with parking spaces for three cars. The annual income for the block totals to £59,760 with a yield of 7.52%. (Potential increase to £68,400 PA with 8.61% yield) Please note, each flat has it's own EPC which can be provided on request. Please call us for more information.