Lansdowne House, Christchurch Road... 2 bed apartment for sale

>

Lansdowne House, Christchurch Road... 2 bed apartment for sale

Lansdowne House, Christchurch Road, Bournemouth, BH1
£128,000

Our Summary

  • House and Son are delighted to offer for sale this investment property *CASH BUYERS ONLY* due to the remaining lease length
  • Cash buyers only

Description

This investment property, located in the Lansdowne area of Bournemouth, is being sold to cash buyers only due to the remaining lease length. The property is situated within a 10-minute walk of the town and beach, and the quoting price has allowed for the future premium and legal costs for a lease extension. The accommodation features an entrance hall, lounge, kitchen, two bedrooms, bathroom, and separate cloakroom, with heating and hot water provided through a communal boiler system. The property is currently let under an AST with two months' notice required to the current tenant, and the current rental income is circa £1150 per month. The property is leasehold with 52 years remaining, and the ground rent and service charge are £35 and £5122.14 per annum, respectively. The property is ideal for a buy-to-let investment or home, and a rejuvenation of the area behind Lansdowne House is planned to begin in 2025.