Price :Starting Price £120.000
Rental Yield :Estimated annum 10.90%
Completion Date :Completed
Deposit Interest :n/a
Tenure :250 years leasehold
Developer :The Bournemouth Development Company
Bournemouth is one of the best entertainment destinations on the south coast, with a cosmopolitan and cultural city center offering numerous bars and restaurants complete with the university.
The developer took this building from the 1900s and brought the property back to life, transforming it into 14 freestanding modern and lightweight apartments built specifically for serviced accommodation.
The facilities are fully furnished with modern equipment to welcome the 3.5 million visitors Bournemouth attracts each year.
Just five minutes' walk from the award-winning beach, it has been voted the best beach in England for the past two years.
The Malmaison explains that major hotel chains such as Ramada Encore Hotel Group and The Premier Inn are under construction.
The renovation for £ 40 million of Bournemouth city center continues. The project is carried out by The Bournemouth Development Company (BDC), a public-private partnership with the Bournemouth Borough Council and Morgan Sindall Investments. The Madeira Road plan will provide several benefits. Student accommodation will help increase the number of people living in the city center. It will thus offer additional vitality and life to local traders along with an economic boost.