104 Alder Road
Alder Road, Poole, BH12 4AB
- 0
Key features
Guide Price: *
£695,000
Fees apply
Reservation fee:2.40% (min. £6,000)
All fees include VAT at 20%
Auction Type:
† Conditional
Start price:
£695,000Bid history
0 bidsCONSENTED 16-BED HMO DEVELOPMENT OPPORTUNITY | 5,000+ SQ FT | BOURNEMOUTH
Welcome Homes are delighted to offer this exciting development opportunity with planning consent for a substantial 16-bedroom HMO scheme.
An excellent opportunity for developers and investors to acquire a consented 16-bed HMO development, with the proposed scheme providing over 5,000 sq ft of accommodation and 16 bedrooms, each designed with private en-suite facilities.
The development offers the potential to create a substantial income-producing investment in a strong Bournemouth rental location.
INVESTMENT POTENTIAL
The proposed completed development is anticipated to provide an attractive income-producing asset, with projected rental income of approximately:
£172,800 PER ANNUM
This calculation is based upon 16 rooms at £900 pcm, assuming full occupancy.
Based on the proposed scheme and current market appraisal, the anticipated completed investment value is estimated at approximately £1.8 million to £2.1 million, depending upon the final specification, rental levels, investment yield and prevailing market conditions at the time of completion.
This provides an opportunity for an experienced developer to acquire a site with the benefit of planning already secured and undertake the development with a clear end-use and rental strategy.
PLANNING
The site benefits from planning consent for the proposed 16-bedroom HMO development.
The planning package includes detailed proposals for the creation of a modern HMO scheme providing 16 en-suite bedrooms and associated communal accommodation.
There is no CIL liability, providing an additional benefit when assessing the overall development appraisal.
The following information is available to interested parties:
DEVELOPMENT OPPORTUNITY
This is an attractive opportunity for a developer or investor looking to acquire a consented HMO development rather than undertaking the planning process from scratch.
The combination of:
16 en-suite bedrooms | 5,000+ sq ft | £172,800 projected annual rent | £1.8m–£2.1m anticipated completed value | No CIL
makes this a particularly interesting proposition for specialist HMO investors and developers.
The opportunity may suit:
DOWNLOAD INFORMATION & MAKE AN OFFER
Full information relating to the development is available to download directly from the Welcome Homes website.
Interested parties can download the planning information and supporting documents, review the opportunity and submit an offer online.
CONSENTED 16-BED HMO DEVELOPMENT OPPORTUNITY | 5,000+ SQ FT | BOURNEMOUTH
Welcome Homes are delighted to offer this exciting development opportunity with planning consent for a substantial 16-bedroom HMO scheme.
An excellent opportunity for developers and investors to acquire a consented 16-bed HMO development, with the proposed scheme providing over 5,000 sq ft of accommodation and 16 bedrooms, each designed with private en-suite facilities.
The development offers the potential to create a substantial income-producing investment in a strong Bournemouth rental location.
INVESTMENT POTENTIAL
The proposed completed development is anticipated to provide an attractive income-producing asset, with projected rental income of approximately:
£172,800 PER ANNUM
This calculation is based upon 16 rooms at £900 pcm, assuming full occupancy.
Based on the proposed scheme and current market appraisal, the anticipated completed investment value is estimated at approximately £1.8 million to £2.1 million, depending upon the final specification, rental levels, investment yield and prevailing market conditions at the time of completion.
This provides an opportunity for an experienced developer to acquire a site with the benefit of planning already secured and undertake the development with a clear end-use and rental strategy.
PLANNING
The site benefits from planning consent for the proposed 16-bedroom HMO development.
The planning package includes detailed proposals for the creation of a modern HMO scheme providing 16 en-suite bedrooms and associated communal accommodation.
There is no CIL liability, providing an additional benefit when assessing the overall development appraisal.
The following information is available to interested parties:
DEVELOPMENT OPPORTUNITY
This is an attractive opportunity for a developer or investor looking to acquire a consented HMO development rather than undertaking the planning process from scratch.
The combination of:
16 en-suite bedrooms | 5,000+ sq ft | £172,800 projected annual rent | £1.8m–£2.1m anticipated completed value | No CIL
makes this a particularly interesting proposition for specialist HMO investors and developers.
The opportunity may suit:
DOWNLOAD INFORMATION & MAKE AN OFFER
Full information relating to the development is available to download directly from the Welcome Homes website.
Interested parties can download the planning information and supporting documents, review the opportunity and submit an offer online.
Summary
- Lot number
- 8
- Property type
- Land
- Tenure
- Freehold
- Council tax band
- D
Guide Price: *
£695,000
Fees apply
Reservation fee:2.40% (min. £6,000)
All fees include VAT at 20%
Auction Type:
† Conditional
Start price:
£695,000Bid history
0 bidsSummary
- Lot number
- 8
- Property type
- Land
- Tenure
- Freehold
- Council tax band
- D
This property is being sold by:
Welcome Homes Property - Bournemouth
01202 055487
2 Castle Parade, Bournemouth, Dorset, BH7 6SH
†Conditional auction
If the reserve is met or exceeded and the auction timer reaches zero, an exclusivity period begins in relation to that property. The successful bidder is contractually required to exchange on the property on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Legal Docs" section in the listing above). All properties sold by conditional auction are sold subject to a reservation fee which is clearly stated in the terms and conditions attached to the property and in the bidding box before a bid is placed. The reservation fee is payable in addition to the final purchase price and is received on a non-refundable basis, subject to the terms of the Reservation Agreement. To ensure that the successful bidder proceeds, the winning buyer is automatically charged a reservation fee and agrees prior to making their bid, to pay any outstanding amount of the property reservation fee immediately at the end of the auction. The auctioneer will be authorised to sign the reservation agreement on both the buyer’s and seller’s behalf. If by the seller’s act, exchange does not occur on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Legal Docs" section in the listing above), the reservation fee shall be fully refunded to the buyer. If the buyer fails to exchange on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Legal Docs" section in the listing above), they will forfeit the full amount of the reservation fee. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Proptech and Welcome Homes Property Online Auction shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Welcome Homes Property Online Auction. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Proptech or any individual in employment with Bamboo Proptech makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
Pursuant to the Auctioneer Act 1845, this auction is being conducted by the auctioneer stated above. All participants in this online auction shall note that both the Auctions (Bidding Agreements) Act 1927 and 1969 shall apply.
Where stated in the bid box above, you agree that Bamboo may pre-authorise your card for the amount of the Buyer's fee and Deposit. You will only be charged if you are the winning buyer. We will release the pre-authorisation at the end of the auction. You card issuer may take up to 10 working days for this amount to be available to you in your account.