Property description

Great opportunity to acquire a beautiful site, with the rare opportunity of direct Chine access.

Planning has been granted for a pair of new build detached blocks. Block one consisting of 12 1 & 2 bedroom flats. Block two consisting of 8 flats.

2 x 1 bedrooms, (Sizes from 573sq ft).
10 x 2 bed, 2 x bathroom flats, (Sizes from 600 sq ft).
Block 2; to comprise of 8 x flats,
to comprise of; 2 x studio flats, Size 301 sq ft).
6 x 2 bedroom flats some with 2 x bathrooms, (Sizes from 598 sq ft).
Estimated GDV of £4,200,000.
Estimated rental value of 14, 2 bedroom flats are approximately £800-£850 pcm.  Generating an annual income in the region of £135,000.
Holiday/AST generating an approximate annual income in the region of £100,000. 
Section 106 of  approximately £76,000.00 to be paid by purchaser.

There will be 11 parking spaces on surface level and 11 underground parking spaces. 

It is a planning requirement that six of the flats are to be used as holiday flats from Easter - 31st October.  All holiday flats are in block B. Bournemouth Planning. This site is ready to start, full building regulations have been approved. There has been a small amount building work to establish planning. This development site is within a short walking distance of the beach and has some views across Poole Bay from the upper floors. Rarely there is also direct access into the Chine via a gated walk way, which leads down to the popular Alum Chine beach front.