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    Key features

    • To be offered on Wednesday 5 November
    • Freehold ground rent investment
    • Comprising 45 apartments in 2 blocks (1 x 17 and 1 x 28)
    • Planning permission for an additional storey on the roof of each building, creating a total of 8 flats
    • 7 surface parking spaces, 2 vacant and 5 subject to short term rental agreements at £300 per annum (current income £1,500 per annum)
    • Well located for the amenities of Bournemouth
    • Total passing ground rent is £3,080 per annum

    Description

    Freehold ground rent investment, comprising 45 apartments in 2 blocks (1 x 17 and 1 x 28).

    7 surface parking spaces, 2 vacant and 5 subject to short term rental agreements at £300 per annum (current income £1,500 per annum).

    Additional information

    Tenure

    Freehold

    Planning

    Planning permission for an additional storey on the roof of each building, creating a total of 8 flats.

    1 double garage and 1 single garage, both vacant (double garage intended as cycle storage in Planning Consent)

    Rent

    Total passing ground rent is £3,080 per annum.

    Notes

    Please note Section 5B notices have been served on the lessees and they have not taken up their rights of first refusal. Please refer to the legal pack for further information.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Located on Surrey Road close to the turning for Surrey Gardens.

      Local amenities are available along Poole Road and Seamoor Road with an extensive range of shops, restaurants and pubs available in the centre of Bournemouth.

      The recreational amenities of Meyrick Park and Bournemouth Upper Gardens are nearby.

      Road links via the A338.

      Transport

      Bournemouth - National Rail.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums