Wickham Road, Bournemouth

£775,000
  • Type: Other
  • Availability: For Sale
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Property Features

  • Great development potential (subject to the necessary planning permission)
  • Rooftop mobile phone mast creating £8,500 income per year
  • Car Park at Front and Rear
  • Convenient location - close to Pokesdown and Southbourne
  • Freehold Value (including Aerial mast) = £195,000 (17 x annual income)
  • GDV £2,210,000
  • Planning Application for accommodation totaling 766.53 square metres (8250.86 square foot)

Property Summary

**Superb investment opportunity** This development is being sold subject to planning permission for five offices (ground floor) and seven flats.To get the most interest and greatest GDV, the purchaser should register on the government "Help to Buy" scheme.  **A large warehouse, previously used as offices and storage B8 usage.** Car parking to the Front and Rear ** No Forward Chain ** Convenient location**

Full Details

**Superb investment opportunity** This development is being sold subject to planning permission for five offices (ground floor) and seven flats.To get the most interest and greatest GDV, the purchaser should register on the government "Help to Buy" scheme. **A large warehouse, previously used as offices and storage B8 usage.** Car parking to the Front and Rear ** No Forward Chain ** Convenient location**


Sale price is subject to full planning permission (currently at application stage.) The development can be built retaining the existing income from the aerial mast which is £8,500 per annum. The freehold value has been calculated at 17x the ground rent and aerial income on the basis of all offices and flats to be sold with new 125 year leases and £250 per annum ground rent. 


Plans available on request.


Situated in a very convenient location close to Pokesdown train station which provides direct links to Southampton, Southampton Airport and London Waterloo. Bournemouth International airport (6 miles) offers a varied schedule of flights to a number of European destinations.


Southbourne is less than 2 miles away and is an extremely popular suburb of Bournemouth offering a wide selection of independent shops, delis, bars and eateries. The five star award winning sandy beaches and promenade with sea front restaurants are just a short distance away. 


Tenure: Freehold


N.B. Under section 21 of the 1979 estate agency act we declare that the vendor is connected to Saxe Coburg & Lovett International Estate Agents Ltd.