Summary - Flat 9 Wessex House, 9-11, Gervis Place, BOURNEMOUTH BH1 2AL
1 bed 1 bath Shop
**Standout Features:**
- Prime town centre location in Bournemouth, opposite proposed Beales redevelopment.
- Dual commercial tenants with consistent rental income.
- Four upper floors comprising 14 self-contained flats (sold off).
- Total current income of £62,100 per annum, increasing to £63,100 by December 2025.
- Excellent potential for future renovations or retail expansions.
**Potential Concerns:**
- High crime rate in the local area.
- Complex ground rent structure, totaling £600 from three flats with others paying peppercorn rents.
This prominent freehold property at 9-11 Gervis Place offers a unique investment opportunity in the heart of Bournemouth’s bustling commercial district. With two thriving commercial units currently leased to popular restaurants, you can enjoy a reliable income stream that's guaranteed through long-term agreements. The potential for future development is heightened by the nearby major redevelopment project at the former Beales Department Store, which will enrich the shopping experience in this vibrant area.
The building benefits from significant size, featuring a combined total area of 3,689 sq. ft. This includes dynamic commercial space on the ground and lower ground floors, along with 14 residential flats above. As Bournemouth continues to attract both a large residential population and a substantial influx of tourists and students, this location remains highly sought after. With easy access to public transport and local amenities, this property is a fantastic opportunity for investors looking to capitalize on the region's growth potential. Don’t miss your chance to secure this versatile investment with immediate rental returns—opportunities like this do not remain on the market for long!
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