No longer on the market
This property is no longer on the market
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Floorplan
Map
Area stats14 bedroom house
Chain-free
House
14 beds
Key information
Features and description
- Council Tax Band: E
- 14 Bedrooms, 6 En-Suites
- Investment Opportunity
- Fully Licenced HMO
- Opportunity to extend STPP
- Freehold
- No Onward Chain
- Off Road Car Parking
- Profitable existing business
A superb opportunity to purchase a fully licenced Freehold HMO with maximum occupancy for up to 25 persons in 14 households. The property features 14 bedrooms of various sizes, some feature en-suite shower rooms and the property has ample facilities throughout to ensure there are enough toilets, shower rooms and private vanity basins in most rooms. The house manager is very welcoming and oversees all of the property invoicing, bookings and turnovers. The tenant type is largely supplied by BCP council, these may be people in need of temporary housing with some tenants having stayed over a year.
The property is in good order throughout, you can quickly see the extensive external renovation carried out in 2018-2019 including a roof and loft extension, New UPVC Double Glazing, plumbing, heating, rewiring, Fire Alarm and CCTV as increasing the capacity which is covered under the license. Further units could be added to the side which the current owner has explored, subject to planning approval. Tall Pines is a very attractive period building and a ready made business for someone looking to either expand their HMO offering, or looking to invest into one larger operation. We anticipate this will suit many landlord buyers so we welcome your enquiry and can arrange access for a viewing. The vendor has provided figures for the last few years. More details are available upon request.
SUMMARY OF ACCOMMODATION
14 Letting Bedrooms (6 en-suite). Further Bedroom. Lounge/Dining Room. Large Kitchen. Utility Room.
TRADING & BUSINESS
The business is well established generating a lucrative return on investment. Trading figures can be made available by request.
LICENCES/PERMISSIONS
A current HMO Licence is held for 25 persons in 14 households. Planning consent has been sought to extend the property over the courtyard however this has thus far been refused.
RATEABLE VALUE
Council Tax Band ?E?. Information taken from the Valuation Office Agency website.
TENURE
FREEHOLD.
PRICE
950,000 to include goodwill, furnishings, fittings and equipment as per inventory to be prepared.
ROOM BREAKDOWN:
GROUND FLOOR
BEDROOM 1 - SINGLE with pedestal wash hand basin.
BEDROOM 2 - FAMILY ROOM with splayed bay window, pedestal wash hand basin.
BEDROOM 3 - FAMILY ROOM with corner bay window, en-suite shower room.
FIRST FLOOR
BEDROOM 4 - SINGLE with vanity unit.
BEDROOM 5 - SINGLE with vanity unit.
BEDROOM 6 - LARGE DOUBLE with part bay window, vanity unit, en-suite shower
BEDROOM 7 - FAMILY ROOM with corner bay window, en-suite shower room.
BEDROOM 8 - (Not currently let) - SINGLE with wash hand basin.
BEDROOM 9 - FAMILY ROOM with splayed bay window, en-suite shower room.
BEDROOM 10 - LARGE DOUBLE having double aspect, vanity unit.
SHOWER ROOM - With shower cubicle, close coupled WC, pedestal wash hand basin.
CLOAKROOM - With close coupled WC, wash hand basin
SECOND FLOOR
Landing With Velux sky light window.
BEDROOM 11 - SINGLE with dormer window, wash hand basin.
BEDROOM 12 - LARGE DOUBLE with dormer window, under eaves storage cupboard, en-suite shower room.
Second Staircase from First Floor to:
BEDROOM 14- FAMILY ROOM with Velux window, en-suite shower room, wash hand basin and WC.
BEDROOM 15 - SINGLE with Velux window, vanity wash hand basin.
OUTSIDE
To the front and side of the property there is a small area of garden behind a dwarf brick wall. Accessed from Randolph Road to the rear of the property there is an enclosed brick paver courtyard/car park for 3/4 vehicles in a grid arrangement. Large Garage (3.5m x 9m) with up and over door.
This information has not been verified and should not be relied upon as statement of fact, but it is given in good faith for guidance only. Applicants should make inquiries to satisfy themselves with regard to any restrictive covenants that may apply.
The property is in good order throughout, you can quickly see the extensive external renovation carried out in 2018-2019 including a roof and loft extension, New UPVC Double Glazing, plumbing, heating, rewiring, Fire Alarm and CCTV as increasing the capacity which is covered under the license. Further units could be added to the side which the current owner has explored, subject to planning approval. Tall Pines is a very attractive period building and a ready made business for someone looking to either expand their HMO offering, or looking to invest into one larger operation. We anticipate this will suit many landlord buyers so we welcome your enquiry and can arrange access for a viewing. The vendor has provided figures for the last few years. More details are available upon request.
SUMMARY OF ACCOMMODATION
14 Letting Bedrooms (6 en-suite). Further Bedroom. Lounge/Dining Room. Large Kitchen. Utility Room.
TRADING & BUSINESS
The business is well established generating a lucrative return on investment. Trading figures can be made available by request.
LICENCES/PERMISSIONS
A current HMO Licence is held for 25 persons in 14 households. Planning consent has been sought to extend the property over the courtyard however this has thus far been refused.
RATEABLE VALUE
Council Tax Band ?E?. Information taken from the Valuation Office Agency website.
TENURE
FREEHOLD.
PRICE
950,000 to include goodwill, furnishings, fittings and equipment as per inventory to be prepared.
ROOM BREAKDOWN:
GROUND FLOOR
BEDROOM 1 - SINGLE with pedestal wash hand basin.
BEDROOM 2 - FAMILY ROOM with splayed bay window, pedestal wash hand basin.
BEDROOM 3 - FAMILY ROOM with corner bay window, en-suite shower room.
FIRST FLOOR
BEDROOM 4 - SINGLE with vanity unit.
BEDROOM 5 - SINGLE with vanity unit.
BEDROOM 6 - LARGE DOUBLE with part bay window, vanity unit, en-suite shower
BEDROOM 7 - FAMILY ROOM with corner bay window, en-suite shower room.
BEDROOM 8 - (Not currently let) - SINGLE with wash hand basin.
BEDROOM 9 - FAMILY ROOM with splayed bay window, en-suite shower room.
BEDROOM 10 - LARGE DOUBLE having double aspect, vanity unit.
SHOWER ROOM - With shower cubicle, close coupled WC, pedestal wash hand basin.
CLOAKROOM - With close coupled WC, wash hand basin
SECOND FLOOR
Landing With Velux sky light window.
BEDROOM 11 - SINGLE with dormer window, wash hand basin.
BEDROOM 12 - LARGE DOUBLE with dormer window, under eaves storage cupboard, en-suite shower room.
Second Staircase from First Floor to:
BEDROOM 14- FAMILY ROOM with Velux window, en-suite shower room, wash hand basin and WC.
BEDROOM 15 - SINGLE with Velux window, vanity wash hand basin.
OUTSIDE
To the front and side of the property there is a small area of garden behind a dwarf brick wall. Accessed from Randolph Road to the rear of the property there is an enclosed brick paver courtyard/car park for 3/4 vehicles in a grid arrangement. Large Garage (3.5m x 9m) with up and over door.
This information has not been verified and should not be relied upon as statement of fact, but it is given in good faith for guidance only. Applicants should make inquiries to satisfy themselves with regard to any restrictive covenants that may apply.
Area statistics
Crime score
High crime
10/10
About this agent
Welcome to MRKT Property Experts – Your Trusted Partner in all your property market transactions Established for over 15 years in the heart of Bournemouth's vibrant town center, MRKT Property Experts is a name synonymous with integrity, professionalism, and innovation. In 2023, we proudly unveiled a fresh and invigorated identity, marking a new chapter in our journey to solidify and expand our unparalleled reputation within the local community. Our Commitment to You At MRKT Property Experts, we put people first. Our dedicated team boasts a wealth of experience, with long-standing members who have been integral to our success. Our director-managed office ensures that every client receives the utmost care and attention. We are more than just a real estate agency; we are your partners in achieving your property dreams. Staying at the Forefront In a rapidly evolving marketplace, we understand the importance of innovation. That's why we invest heavily in cutting-edge technology and proptech solutions. In 2023, we added a drone to our arsenal of camera equipment, enabling us to provide swift and high-quality in-house property photography and videography. This not only ensures efficiency but also eliminates the need for third-party costs and delays. A Unique Office Experience Step into our town center office, and you'll immediately notice the difference. Our boutique office space is a true reflection of our commitment to green business practices, adorned with colors that represent our dedication to sustainability. It's an environment designed to inspire and connect, making your property journey a memorable one. Our Comprehensive Services At MRKT Property Experts, we offer a wide range of property services, including lettings, sales, and property management. Our unwavering dedication to excellence sets us apart. We continually explore new avenues for efficiency and innovation to ensure we meet your every need. A Workspace Like No Other In 2022, we undertook a transformational project to excavate and remodel our basement floor, creating a bright, spacious, and invigorating office environment for our team. We believe that a happy and motivated team delivers the best results, and our close-knit family of professionals is testament to this ethos. Your Future Starts Here At MRKT Property Experts, we don't just work with clients; we build relationships that last a lifetime. We are here to be your local property partners, and our office is always open for chat or a coffee, and welcome any opportunity to assist you and your property requirements.