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Sandhaven, Banks Road, Sandbanks, Poole

£400,000
  • Ref: 9504803
  • Type: Flat / Apartment
  • Availability: Sold STC
  • Bedrooms: 2
  • Bathrooms: 2
  • Reception Rooms: 1
  • Tenure: Share of Freehold
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Property Features

  • 2 double bedroom 1st floor flat 100 yards from Sandbanks beach
  • 2 bathrooms
  • Dedicated underground parking plus visitor spaces: worth their weight in gold in Sandbanks
  • South East facing balcony
  • Share of freehold
  • Existing Furnished Holiday Lettings (FHL) flat which business can be continued
  • FHL benefit of no council tax or business rates
  • FHL benefit of reduced Capital Gains Tax
  • FHL benefit of full mortgage interest relief

Property Summary

Sandhaven Court is on the main Sandbanks peninsula close to the chain ferry and accessed off of Banks Road, just opposite Footpath 86 to the beach. There is a long tarmac drive leading to the rear of the block and to the underground parking where the flat has a dedicated generous parking space. There are stairs up front the car park to the front of the block. There are visitor parking spaces at the front and back of the block and a purpose built bin store. Sandhaven Court occupies a good sized plot with well maintained lawns and mature shrubs. The communal areas are well kept and each flat has individual pigeon holes for post.



It has been in the same ownership for the last 19 years and has been a Furnished Holiday Lettings business(FHL) with current bookings in place. If you are looking to buy for your own residence or as a 2nd home, existing bookings will be relocated to other properties managed by Rumsey of Sandbanks.



Key points for an FHL:



No restrictions on owner use at any time

Qualifies for furnished holiday let tax benefits

No council tax or business rates

Capital gains tax reduced from 28% to 10%

Substantial tax free income period

Full mortgage interest relief

Tax relief on all expenditure



The block is pet friendly which increases interest in an FHL by 40%.



The flat is a good size with 2 double bedrooms, 2 bathrooms and a South East facing balcony and it can be bought fully equipped for an FHL. It is a clean flat in satisfactory condition but could do with modernization.



Of course, this is a property in gorgeous Sandbanks with precious parking and the opportunity of having an established business.



Our chairman, Simon McIntyre, is an FHL expert and will happily talk you through the options.



ROOM DESCRIPTION:

Entrance to the Block

Sandhaven Court is accessed off of Banks Road, just opposite Footpath 86 to the beach. There is a long tarmac drive leading to the rear of the block and to the underground parking where the flat has a dedicated generous parking space. There are stairs up front the car park to the front of the block. There are visitor parking spaces at the front and back of the block and a purpose built bin store. Sandhaven Court occupies a good sized plot with well maintained lawns and mature shrubs. The communal areas are well kept and each flat has individual pigeon holes for post.



Hall

Carpeted, security phone entry system, airing cupboard and smoke alarm



Kitchen—3.1m x 2.8m

Complete with all crockery, cutlery for furnished holiday lettings. Vinyl flooring, double glazed window, electric radiator. White high and low level units with grey worksurfaces. Appliances include electric oven, electric hob, washing machine, fridge, microwave, and Bosch dishwasher.



Bathroom—2.3m x 1.8m

Bath with Triton shower over, sink, loo, radiator. Side lights, vinyl floor and part tiled. 



Living Room/Dining Area—6.1m x 3.1m

Double doors with safety glass into a large carpeted room with double glazed patio doors leading to a balcony. Carpeted, 2 x electric radiators, 3 side lights. Furnished holiday lettings ready with 2 sofas, dining table and chairs, TV, DVD, coffee table, curtains.



Balcony

South East facing, tiled floor, steel and glass balustrading. 



Main Bedroom—5.3m x 2.9m

Carpeted, electric radiator, fitted wardrobes, double glazed window, 3 wall lights. Furnished holiday lettings ready with a double bed, TV, 2 bedside cabinets with lamps, curtains. 



En Suite—2.3m x 1.8m

Walk in shower cubicle with waterfall shower, vanity sink unit, loo. Heated towel ladder, vinyl floor, illuminated mirror, fully tiled walls. 



Bedroom 2 — 4.0m x 3.1m

Carpeted, double glazed window, electric radiator, 3 wall lights. Furnished holiday lettings ready with 2 single beds, dressing table, mirror fronted wardrobe, TV, 2 bedside cabinets with lamps, curtains.



AREA DESCRIPTION:

The Sandbanks peninsula is one of the most famous pieces of land in the UK, reputed to be the 3rd most expensive piece of real estate in the world. You can stroll around and marvel at some of the wonderful property. Sandbanks forms one edge of Poole Harbour which is the 2nd largest harbour in the world. It is home to every size of boat. The harbour views are just as spectacular as out to sea. Some of the sunsets will leave you in awe. The ferries look like giants coming straight for you until they turn in line with channel. And watching the kitesurfers and windsurfers in this UK hub for the sports will leave you open-mouthed.



Sandbanks beach itself is widely acclaimed and forms part of the 7 miles of award winning beaches running from Sandbanks to beyond Bournemouth. What better walk than along the beach or promenade to Bournemouth and back, rewarded by a coffee at the Jazz Café at the start of the peninsula. 



The area has a large cycling community with a favourite destination being to take the Sandbanks chain ferry to explore the Purbeck Hills. And off course Dorset’s Jurassic Coast is a must for walkers. There are local gyms at the Haven Hotel and the Sandbanks Yacht Company. Both the ferry and the gyms are less than 5 minutes walk from the flat. If golf or tennis is your sport you are well catered for locally with Parkstone Golf Club, in the UK’s top 100 golf clubs and the West Hants and East Dorset Tennis Clubs. 



From Sandbanks you are approximately 2.5 hours from London by car. It is a couple of miles to the Wessex Way with at least dual carriageway to the New Forest, Southampton and the UK motorway network. By rail there are direct routes to London and Manchester. Bournemouth International Airport is the fastest growing in the UK and from Poole there are ferries to France and the Channel Islands. 



For a special evening it is just a couple of hundred yards walk to the Rick Stein harbourside restaurant. Other places not to be missed: Look out over Poole Harbour from the Harbour Heights Hotel. Just over Evening Hill is the Koh Nai Thai Tapas restaurant and when in Lilliput don't miss a visit to Mark Bennett's award winning artisan patisserie. And a night out in Ashley Cross is fun. Or take the ferry to Studland to famous Pig on the Beach hotel and restaurant.



Despite living in one of the most stunning places in the UK, the area is a significant business hub with the headquarters of JP Morgan, Vitality, LV, Sunseeker Marine, Barclays International, the RNLI and Merlin Entertainments all in the conurbation.



This is a wonderful opportunity to buy in one of the loveliest locations in the country.



ADDITIONAL INFORMATION:



Annual Council Tax: Band E £2,052.07 

Connectivity: Owner currently uses BT

TV: Freeview is currently in place

Energy Performance Certificate (EPC) Rating: 

New EPC has been applied for

Environmental Impact Rating: 

New EPC has been applied for

Terms: Share of freehold with associated 999 year lease from 2017

Service Charge: £ 2176.58



Service Included: 

Maintenance includes buildings insurance, communal electricity, repairs & maintenance, gardening, communal cleaning, fire safety and window cleaning, plus £6000 from the total flats service charge goes to the block reserve fund.



Reserve Fund: £6519 and will increase by a further £6k from the April AGM



Investor Information: Flats in the block command monthly rental income of £1k per month



FHL Information: Peak week price is £979



Viewings: With 24 hours notice or sooner by arrangement.



If you would like to know any additional information about this property or the area. Please feel free to give us a call, email or pop into the office for a coffee.