• 0203 5000 999
  • cs@just-sold.co.uk
  • Auction Starts On : 23-05-2022 10:00

Studio Apartment

Flats / Apartments Property in Dorset

About Property

Property Lot Number: 161

Lot 161
Sale by the auction method
Cash Buyers Only

Bidding Starting Price: £105,000

Please note that the Legal Pack is in process.

Description:

We are pleased to present this recently developed studio apartment, strategically located in Bournemouth town center close to and just a 15-minute walk to the award-winning beach attracting over 5 million visitors annually. It represents a fully furnished, fully managed hands-off investment to be let out on a short-term let basis as serviced accommodation.

Each unit in this development comes with a fully managed service by an experienced local SA management company ensuring occupancy levels are met throughout the building.

In recent years the serviced apartment sector has grown more than any other temporary accommodation class in Europe with the reopening of travel corridors catalysing a dramatic surge in demand for serviced accommodation across the globe and outperforming hotels.

Average Daily rate: £85 - £90

Average Occupancy rate: 77%

Potential Gross rental income: £24,000

Annual Profit: £12,000

Why Bournemouth?

Tourism in Bournemouth employs around 10,000 people each season and is home to companies such as J.P. Morgan, Liverpool Victoria, Vitality, Nationwide Building Society, Hobbycraft Trading, Cobham, and Siemens.

Bournemouth is known for its long sandy beaches, seaside piers, parks, and music venues such as the pavilion centre and the 02 Academy. It also has great direct transport links to nearby towns and cities, Christchurch, Weymouth, Dorchester, Winchester, Southampton, Birmingham, Manchester, and London Waterloo. It also offers ferry services over to France and Jersey and Guernsey.

You would need to register as a buyer on just-sold dot co dot uk as a buyer in order to bid for this property.

Important Notice:

1. AML (Money Laundering Regulations): Buyers will be required to register themselves with just-sold dot co dot uk as a buyer and clear the compliance checks prior to bidding, placing an offer, or buying.

2. The Sales particulars are only a general guide to the property however, we make our sales particular fair and accurate to the best of our knowledge.

3. These particulars do not form any part of any offer or contract. The particulars should be independently verified by the buyers


Property Video: https://my.360picture.uk/tour/exchequer-grange

Terms of Sale

Auction Details





Start Date

23-05-2022 10:00

End Date

20-06-2022 17:00

Parking

Outside Space

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