Freehold Residential House With Multiple Occupancy | | Undisclosed Lincolnshire | | LINCOLNSHIRE FREEHOLD RESIDENTIAL HOUSE WITH MULTIPLE OCCUPANCY Town centre location nr busy high street shopping area 7 tenanted rooms with shared facilities - Rents controlled by district council A/T: £25,700 Ideal investiment proposition -scope to convert into private residential F/H: £350,000 REF: 9759LN | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 52234
ADVERT IMPRESSIONS : 20,089 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Residential Homes | | SALE: | Agent Sale | FREEHOLD: | £350000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Prime town centre location
• Main road conservation area
• Busy high street shopping
• Major, well known Lincolnshire market town
HISTORY
• Large Edwardian semi detached house, owned and lived in by present owner for 25 years, converted 3 years ago into 7 tenanted rooms and common rooms.
REASON FOR SALE
• Genuine retirement plans.
SERVICES
• Town centre furnished rooms with shared facilities to provide this at sensible prices
• Flexible living accommodation offering both quality and value for money
CUSTOMERS
• Individuals requiring affordable quality self contained living accommodation.
STAFF
• The owner supervising, clients expected to keep rooms clean and tidy.
TRADING HOURS
• 24 x 7
FACILITIES
• 7 tenanted rooms
• Communal bathroom
• Communal shower room
• Communal sitting room with tv, computer (internet)
• Communal fully fitted kitchen
• Communal laundry room
• Communal outside patio and garden
• 3 car garage at rear with rear access to large car park
OCCUPANCY
• Has been fully occupied since its conversion into rooms.
• At present it has a waiting list of 5 people.
FINANCIALS
Lettings £25,788
Rates £1,100
Insurance £700
Gas/Electric £1,800
• Income rates could be increased to £34,000 at change of tenants.
• Property valuation circa £310,400.
PREMISES
Two storey semi detached solid Edwardian town house, briefly consisting:
Ground Floor
• Lobby
• Large hall way
• Stairs
• Room 1 – ground floor front
• Room 2 – ground floor rear
• Lounge
• Kitchen behind lounge (fully fitted)
• Laundry room behind kitchen with door to patio
• W/c and hand basin
• Room 3 – rear of building
First Floor
• Rooms 4 & 5
• Room 6 & 7 bedsits with fitted kitchens
• Shower room & w/c
• Bathroom and w/c
External:
• Front garden and steps up to front door
• Rear patio, garden area and 3 car garage
STRENGTHS
• This is an ideal investment proposition
• Good regular returns
• Property extremely well maintained and sound in structure
• Building complies with all regulations
SCOPE
• Can easily increase the income to £34,000
• Spacious loft which could be rented out
• Possible rental from garage
• Suitable to change to holiday lets/ guest house
TENURE:
• Freehold
VIEWINGS:
• A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9759LN / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
