West Midlands 18-Bed Hotel with HMO Planning Available for Sale
Undisclosed, West Midlands
- Status
FOR SALE
- Date Submitted:
22/12/23
- Advert ID
604272
- Reference
H7864 / Rightbiz
- Call Agent:
- Leasehold: £140,000
- Turnover: £130,000 (£2,500 Per week)
- Net Profit: Not Applicable
Business Details
18 Bed Hotel With Hmo Planning for Sale
The planned pricing schedule is £10,450 per calendar month:King Rooms (£600 each)
King Rooms en suite (£650 each) - (4 = £2,600)
Double rooms (£550 each) (4 = £2,200)
Double rooms en suite (£600 each) - (7 = £4,200)
Single rooms (£400)
Single rooms en suite (£450) FEATURES:
Fully equipped with all the requirements for HMO Licence
Secure gated parking for around 15-20 cars.
Property has large communal living space which was formally a bar.
Two large separate kitchens. The larger of the kitchens has all brand new facilities 3 hobs/3 ovens etc.
THE 18 BEDROOMS COMPRISING OF:
1 - Single with en-suite, 2 - Double with en-suite, 3 - Double with en-suite, 4 - King Size with en-suite, 5 - King Size with en-suite, 6 - Double with en-suite, 7 - Double with en-suite, 8 - King Size with en-suite, 9 - King Size with en-suite, 10 - Double with en-suite - currently needs new en-suite fitting, 11 - Double with en-suite, 12 - Double with en-suite, 14 - Double shared bathroom, 15 - Double shared bathroom, 15a - King Size shared bathroom
16 - Single shared bathroom, 17 - Double shared bathroom, 18 - Currently used as a communal living space but can be turned into double bed with shared bathroom
There are two shared house bathrooms and toilets PRICE:
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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