Summary - 10a, Westbourne Arcade, Poole Road, BOURNEMOUTH BH4 9AY
1 bed 1 bath Commercial Property
**Standout Features:**
- Prime location in bustling Westbourne Arcade
- Total rental income potential of £27,000 p.a.
- Recently installed slate roof
- Freehold tenure with dual-use (commercial and residential)
- Private rear garden access from the flat
**Concerns:**
- Short lease (1 year left) may complicate mortgage financing
- Grade II Listed status could raise renovation challenges
- Existing high crime rate in the area
This unique investment property in Westbourne Arcade presents an exceptional opportunity for savvy investors seeking steady rental income. Comprising a ground floor lock-up shop generating £15,000 p.a. and a maisonette flat above renting for £12,000 p.a., this dual-use arrangement ensures robust cash flow. The recently installed slate roof adds immediate value, while the flat boasts a private garden—perfect for tenants seeking a bit of outdoor space.
However, potential buyers should note the challenges; the shop has only one year left on its current lease, which may deter mortgage lenders, and the property’s Grade II Listed status could complicate renovation efforts. The area, classified as high crime, necessitates due diligence for those considering long-term investment. Overall, with a little vision, this property could serve as a rewarding venture for investors or a comfortable residence amid a thriving urban neighborhood. Act fast, as opportunities like this in such a coveted location are hard to come by!
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