Exchequer Grange, Bournemouth | Pure Investor | New Development

Pure Investor are delighted to present Exchequer Grange, Bournemouth. Bournemouth is one of the top leisure destinations on the south coast with a cosmopolitan and cultural town centre that offers a wealth of bars and restaurants complemented by the university.

The developer has taken this 1900s building and brought the property back to life converting the current offices to 14 self-contained modern and light apartments specifically build for serviced accommodation taking full advantage of the centralised location. The properties are full furnished with modern fittings to accommodate the 3.5 million visitors Bournemouth attracts every year. Situated just a five-minute walk to the award-winning beach voted as the best beach in the UK for the past two years.

Investment Highlights

• Prices from just £120,000
• NET Yields as high as 12.58% achievable through the FHL model (MyPropertyHost)
• 14 self-contained modern and light apartments
• Lease allows for short term/holiday lets – very few buildings allow for this in Bournemouth
• Extremely close to the major hotels in Bournemouth (Holiday Inn, The Orchid, Queens Hotel etc)
• 10 minute walk to the beach
• Bournemouth beach has won trip advisors ‘beach of the year’ for the last two years
• 5 million visitors to Bournemouth every year
• Car parking available
• Low service charges

Location

The £40 million regeneration of Bournemouth town centre is underway. The project is being delivered by The Bournemouth Development Company (BDC), a public-private partnership involving Bournemouth Borough Council and Morgan Sindall Investments. The Madeira Road scheme will bring several benefits. Student accommodation is a very appropriate residential use of the site which will help to increase the number of people living in the town centre, so affording additional vibrancy and life together with an economic boost to local traders.

The property is situated just off the high street in a quiet cul-de-sac of residential buildings in Bournemouth town centre with direct access to Old Christchurch Road. This is primarily a commercial area with a mixture of residential, office and retail with university students well catered for. The A338 Wessex Way is approximately half a mile from the building which provides excellent communication to the wider area,

Bournemouth train station is approximately 1 mile offering a direct service to London Waterloo. Bournemouth boasts on one the safest and most popular beaches in the UK winning trip advisors beach of the year two years in a row, this stunning bay enjoys its own micro-climate with some of the warmest sea temperatures in the UK. Hotel transactions increased by 23% in 2019 with occupancy rates also continuing to increase and attract global hotel brands.

Financials

• Cash purchase only
• 250 year leasehold
• £250 per annum service charge
• Ground Rent – 0.1% of the purchase price, reviewed with RPI every 10 years

 Contact us today for further details on enquiries@pureinvestor.co.uk

Alternatively, you can call us on 0161 337 3890