Bournemouth Town Centre Letting Investment for Sale, Recently Refurbished with High Income Potential
Bournemouth, Dorset
- Status
FOR SALE
- Date Submitted:
18/01/18
- Advert ID
208509
- Reference
H21159 / Rightbiz
- Call Agent:
- Freehold: £500,000
- Turnover: N/A
- Net Profit: On request
Key Features
- Town Centre location
Business Details
Town Centre Letting Investment
Goadsby Commercial present convenient for all central amenities and facilities. Recent refurbishment programme throughout. Valuable HMO licence. Re-slated roof. UPVC double glazing. Laminate floors to letting units. Entry phone system. Re-pointing. Lucrative income with potential for additional unit.
SUMMARY OF ACCOMMODATION
4 Studio Units. 4 HMO rooms (each with wash hand basins). Communal Dining Area. Shared Kitchen. 2 Shower Rooms with WCs. 1 Cloakroom with WC. Loft Room (potential to create an additional letting unit). Outside bin store and enclosed rear yard with gate onto access lane. NB Unit 1 is an independent studio unit let at £195 per week which can be purchased separately at £95,000.
LOCATION
West Cliff Zig Zag approx. 600 yards. Bournemouth Square approx. 650 yards. Bournemouth International Centre within 750 yards. Travel Interchange approx. 1½ miles.
TRADING & BUSINESS
As at 28th July 2020 we are informed the rent roll was as follows:
Unit 2 £195 p.w. Unit 5 £200 p.w. Unit 8 £110 p.w.
Unit 3 £115 p.w. Unit 6 £115 p.w. Unit 9 Vacant
Unit 4 £110 p.w. Unit 7 £210 p.w. TOTAL £1,055 P.W.
LICENCES/PERMISSIONS
The premises have planning consent and an HMO licence for 7 units. We have not had sight of these documents.
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Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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