Derby Road, Bournemouth
- CASH BUYERS ONLY
- SHORT LEASE
- TWO DOUBLE BEDROOMS
- GARAGE & PARKING
- CLOSE TO TOWN CENTRE
- CLOSE TO BEACHES
- LIFT ACCESS
CASH BUYERS ONLY
This purpose built first floor flat has the potential of being an excellent investment for the right buyer. Due to the property only having 38 years remaining on the lease, only cash buyers will be considered.
We have spoken to the management company who have informed us that a share in the freehold can be purchased for a figure in the region of £60,000. At this point a 999 year lease would be granted.
The property itself requires some updating, such as a new kitchen, bathroom and general decor, but it is perfectly liveable. In fact a couple are currently renting the property through Foxes, who have expressed a desire to stay if a buy to let investor were to be interested.
The accommodation comprises of two double bedrooms, a lounge/diner with a balcony, kitchen, bathroom and separate WC. There is also a single garage conveyed with the apartment which allows for a parking space in front.
In terms of its location, the property is ideally located between Boscombe and Bournemouth and just a few hundred yards from the clifftops and beaches in the East Cliff. According to Google Maps, Bournemouth Central Train Station is approximately 0.7 miles away on foot.
Lounge/Diner (17' 11'' x 11' 10'' (5.46m x 3.60m))
Kitchen (8' 10'' x 8' 10'' (2.69m x 2.69m))
Master Bedroom (13' 11'' x 11' 10'' (4.24m x 3.60m))
Bedroom Two (10' 5'' x 8' 10'' (3.17m x 2.69m))
Bathroom (5' 10'' x 5' 10'' (1.78m x 1.78m))
WC (5' 10'' x 2' 10'' (1.78m x 0.86m))
Garage & Parking
38 years remaining on the lease
£1800 per annum maintenance
£25 per annum ground rent