Opportunity to purchase a HMO property in Poole generating £33,000 rent pa & gross yield of 6.3%

Poole is a large costal town and seaport in Dorset, in the South West of England. It lies approximately 21 miles east of Dorchester and about 6 miles west of Bournemouth.

The A350 is the town’s main road leading onto the A35 towards Bath and Bristol. Eastwards the A337 leads to Lymington and the New Forest. There are four railway stations in Poole which are all on the South Western Main Line from London Waterloo to Weymouth. These are Branksome, Parkstone, Poole railway station and Hamworthy.

Poole is also a cross-Channel port for passengers and freight with ferry services from Poole Harbour to Cherbourg and fast ferries to Guernsey, Jersey and St Malo.

Bournemouth International Airport is about 10 miles outside Poole and a number of airlines operate scheduled services to the UK and European destinations.

As a popular tourist resort Poole has a number of exciting attractions, including Poole Harbour and Poole Bay where one can go sailing, windsurfing, kitesurfing and water skiing. The Poole Harbour Trails are a number of walks and trails around the natural harbour. Poole also has a cycle network of over 50 miles with a number of scenic and long-distance routes.

Other places to go to are Sandbanks Beach, Alum Chine Beach, Holes Bay, Upton Country Park, Brownsea Island, Tower Park, to name a few. Poole’s Lighthouse is the local arts centre and said to be the biggest arts centre complex outside of London in the UK. It underwent an £8.5 million refurbishment in 2002 and now contains a cinema, concert hall, image lab, studio, theatre and media suite and galleries.

Poole is also home of The Arts University Bournemouth, the Bournemouth Symphony Orchestra and parts of Bournemouth University. The Royal National Lifeboat Institution has their headquarters and training centre in town as well as a Royal Marines base in the harbour.

The towns main retail area is the Dolphin Shopping Centre which is connected to the pedestrianised high street containing shops, bars, pubs and restaurants.

There are a good number of schools to be found too, with seven junior schools, ten primary schools, nine secondary schools, three special schools, five independent schools and one college of further education. Bournemouth University’s main campus and buildings are in Poole with a smaller campus located in Bournemouth itself. The university offers several education courses in contemporary arts, design and media.

Some of the biggest employers locally are Sunseeker, Mathmos, Siemens, Ryvita, American Express Bank and the RNLI. Poole is also home to several headquarters for companies like Barclays Bank, Fitness First, the clothing company Animal, Lush and Merlin Entertainment. The tourism industry also provides a large number of employment opportunities, as well as the many industries connected to the port, which is a destination for bulk cargo imports.