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Overview

  • Apartment, Residential, Studio
  • Property Type
  • 1
  • Bedroom
  • 1
  • Bathroom

Description

Exchequer Grange Offers NET Yields as High as 16%

The developer has taken this 1900s building and brought the Exchequer Grange property back to life, converting the offices to 14 self-contained modern and light apartments. Specifically built for serviced accommodation, they take full advantage of a centralised location in Bournemouth.

The properties are full furnished with modern fittings to accommodate the 3.5 million visitors Bournemouth attracts every year. Situated just a five-minute walk to the award-winning beach voted as the best beach in the UK for the past two years.

Exchequer Grange Brochure

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Why Bournemouth?

  • A popular domestic travel destination for UK holidaymakers
  • Hosts 7 million visitors per annum, spending £213m per annum
  • The lease allows for short term/holiday lets, very few buildings in Bournemouth allow for this
  • A surge in bookings for such destinations has already been widely reported and well managed short term rentals are likely to see immediate bookings at good rates from Easter.
  • Exchequer Grange will provide best in class short term rentals for those visiting Bournemouth
  • The area has seen a strong incline in housing prices over the last 5 years – averaging capital growth of 22% (propertydata.co.uk)
  • Bournemouth beach has won trip advisors ‘beach of the year’ for the last two years
  • A £40 million regeneration of Bournemouth town centre is currently underway

Property Location Features

  • 10 minute walk to the beach
  • Train station is 1 mile away, offering a direct service to London Waterloo – 1 hour 42 by train (fastest)
  • Extremely close to the major hotels in Bournemouth (Holiday Inn, The Orchid, Queens Hotel etc)
  • There is room for parking (8 spaces roughly) – all apartments have access to this and will be managed by the management company – on a first come first served basis.
  • Address Exchequer Grange, Wootton Grange, Bournemouth
  • City Bournemouth
  • Zip/Postal Code BH1 1PW
  • Country United Kingdom

Details

Updated on August 12, 2021 at 7:40 pm
  • Price: From £120,000
  • Bedroom: 1
  • Bathroom: 1
  • Property Type: Apartment, Residential, Studio
  • Property Status: Completed, New Listing

Additional details

  • Ground Rent: 0.1% (reviewed every 10 years)
  • Service Charge: £250 per annum
  • Lease: 250 Years
  • NET Yields: Up to 16%
  • Reservation Deposit: £5000

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