This property is no longer on the market
17 bedroom detached house
Key information
Property description & features
- Tenure: Freehold
- An Amazing & Unique Investment Opportunity to Purchase This One Off Substantial Detached Property
- Been Used by The Current Vendor, Over A Long Period of Time, As A Homeless Shelter
- The Property Itself Has the Accommodation Spread Over Three Floors & Consists Of 17 Bedrooms Plus a Dining Room, Kitchen, Garages & Gardens
- Photo Of Floor Plans Are Attached but To Fully Appreciate What Is on Offer an Internal Viewing Is Highly Recommended
- The Reason for Sale Is Retirement, However When Fully Occupied the Property Has Been Generating a Rental Income of Approx. £362 Per Month Per Room Plus an Extra £120 Per Room for Food
A unique investment opportunity to purchase this one off substantial detached property which has been used by the current vendor over a long period of time as accommodation for the homeless. The property itself has the accommodation spread over three floors and consists of 17 bedrooms plus a dining room, kitchen, garages, and gardens. Photo of floor plans are attached but to fully appreciate what is on offer an internal viewing is highly recommended. The reason for sale is retirement and we have been verbally advised that the property has been generating an income of approx. £362 per month per room plus an additional £120 per room for food. On these figures the accommodation alone could generate circa £6,154 per month and £73,848 per annum.
Tenure - Freehold
Council Tax Band - to be confirmed.
Rooms
Auction House Disclaimer
None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this.
Disclaimer
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £1,000 +vat (total £1,200) Auction Administration Fee.
Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase. Details awaiting vendors approval.
Tenure
Freehold
Council Tax Band
to be confimed.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference STO210728. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Michael Poole - Stockton On Tees.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.