Northridge, Nelson Road, Branksome, Poole
- Delightful Arts and Crafts Style Residence
- Arranged as Six Self-Contained One Bedroom Flats
- Rental Income Currently £41,160 per annum
- Built 1912 and First Time on the Market Since 1967
- Mature Plot of Approx. Half an Acre
- Driveway and Garage
- Potential to Convert to One Substantial House (STP)
- Please Contact Vendor's Sole Agent for Further Details
Property SummaryFoxes are pleased to present this unique opportunity to purchase Northridge, a delightful arts and crafts style residence, believed to have been built in 1912, and in the ownership of the current vendors since 1967. The property sits within a mature secluded plot, believed to be in the region of half an acre, and features a garage and driveway, which provides off road parking for a number of vehicles.
Northridge is arranged as six self-contained one bedroom flats and is currently producing a rental income of £41,160 per annum, equalling a gross return of over 5.3% based on asking price. The property will be sold subject to the existing Assured Shorthold Tenancies but may offer potential alternative future uses, such as conversion back to one substantial family home, which we believe could comprise at least 7/8 bedrooms and 3/4 reception rooms dependent on configuration, or a rest home or suchlike, subject to any necessary permissions or consents.
Nelson Road is conveniently situated within walking distance of the shops and facilities of Westbourne, as well as being just a short drive from Bournemouth and Poole town centres. Please contact the vendor's sole agent for further details on this charming and characterful property.
The photographs show a selection of rooms from various flats to give a general impression of the accommodation.
SCHEDULE OF TENANCIES
Flat 1 - £600 pcm / £7,200 pa,
Flat 2 - £625 pcm / £7,500 pa,
Flat 3 - £550 pcm / £6,600 pa,
Flat 4 - £625 pcm / £7,500 pa,
Flat 5 - £495 pcm / £5,940 pa,
Flat 6 - £535 pcm / £6,420 pa,
TOTAL - £3,430 pcm / £41,160 pa