Summary - Flat 1, 176 Old Christchurch Road BH1 1NU
4 bed 4 bath Block of Apartments
Ready-made rental income with immediate 10% gross yield potential.
Four self-contained flats: 3 studios and 1 one-bedroom apartment
A compact, income-producing block in the heart of Bournemouth town centre, offered as four self-contained flats (3 studios and 1 one-bed) on a 999-year head lease from 1997. The portfolio is fully tenanted, producing £2,925 pcm (£35,100 pa) — approximately a 10% gross yield at the asking price — and presents immediate rental income with scope to increase rents subject to market.
The building is a mid-terrace period property above ground-floor commercial units, with traditional stucco façade and high ceilings in parts. Each flat has gas central heating and recent EPCs ranging from C to D. Its central location delivers strong tenant demand, close to shops, transport, nightlife and the seafront, making it particularly suited to investors targeting student, short-term or city-centre renters.
Notable practical points: there is no formal service charge and maintenance is carried out on an as-and-when basis, shared between five flats and the commercial ground floor. Flats 1–4 sit above night-time entertainment premises; they have local authority noise sign-off but buyers should accept potential late-evening activity. The area records higher crime and is classed as a deprived, multicultural student neighbourhood, which can mean higher tenant turnover and management needs.
This is a straightforward landlord purchase for an investor seeking immediate cashflow from a town-centre asset. The building’s compact footprint and communal maintenance approach keep running costs variable; there is light refurbishment and energy-efficiency scope (cavity walls currently uninsulated) for a buyer wanting to add value and improve EPCs and long-term rental prospects.
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