Saxe Coburg are excited to offer this fantastic investment opportunity to the market. This ideally located property comprises of a commercial space on the ground floor which is currently a Fish & Chip Shops, a self contained studio apartment to the rear and a generously sized maisonette on the top floor. With the current rental income the property is bringing in £36,600 per annum.
Property Description - A fantastic investment opportunity in this ideal location has become available. This opportunity to purchase the this freehold property in the heart of Boscombe within easy access to a range of local shops, restaurants, amenities and recreational facilities. You are also within easy access to a range of public transport giving direct links to Bournemouth and Poole.
The property comprises of a commercial space on the ground floor which is currently a Fish & Chip shop, a self contained studio flat at the rear and a large maisonette on top floor. There is also a parking space to the rear of the property.
Current rental incomes Commercial Space - £800 pcm Studio - £650 pcm Maisonette - £1600 pcm Total annual income £36,600
Maisonette rental is due to increase to £1800 pcm within the next couple of months which will increase the annual income to £39,000.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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