Attractive 12 Bedroom investment property exceeding 5000sq ft of accommodation in a popular market town with a gross annual yield of 10.2%.

Description

Hambleton House is a period, three storey detached property, measuring in excess of 5000sq ft of accommodation. It includes 10 lettable bedrooms, a two bedroom apartment, kitchen and lounge areas and a ground floor retail unit.

Currently, the 10 rooms and second floor apartment are let as serviced accommodation, largely to pilots, training course attendees, and to corporate clients. The ground floor retail unit is let on a licence to a hairdresser. There is scope to increase the current gross yield of 10.2% by reverting to shorter stays, increasing focus on business and leisure clients, further room upgrading and by converting reception / amenity space into lettable rooms (subject to the necessary planning permissions).

All of the lettable rooms benefit from either an en suite shower room or bathroom, wall mounted televisions, gas central heating and key code door entry handles.

GROUND FLOOR
The main entrance is at the rear of the property, accessed from the car park. The entrance hall leads on to the accommodation at this level, comprising a living room with French doors out to a patio seating area, an interlinking dining room, a flagstone laid study area and a breakfast kitchen. The kitchen has been upgraded by the current owners and incorporates a range of high gloss cream units and integrated appliances including two electric ovens,five ring electric
hob with extractor above, dishwasher and two fridges. The hairdressers salon includes storage areas, kitchenette and WC.
Room 12, a double room with en suite wet room is accessible via an internal lobby off the study area. A boiler room housing the hot water tank, and storage areas complete the
accommodation at ground floor level.

FIRST FLOOR
There are nine double rooms on the first floor level, five of which are larger double bedrooms. There is also a laundry room with WC and a linen storage room.

SECOND FLOOR
The whole of the second floor is occupied by a spacious two bedroom apartment, made up of an open plan kitchen diner, a shower room and two double bedrooms.

OUTSIDE
The rear of the property provides off street parking for at least 10 vehicles in addition to a patio seating area accessible via both the living room and an external gate.

Location

The market town of Castle Donington benefits from an excellent range of local amenities to include independent and national retailers, a post office, doctors surgery, pharmacy, supermarket, a garden centre and a choice of pubs and
restaurants. There are two primary schools and a secondary school within Castle Donington. The town is ideally situated for commuters with the A50 situated 1.6 miles away, the M1 2.7 miles away and East Midlands Airport, Freeport and business parks just 4 miles south of the property. East Midlands Parkway is 6.2 miles away, offering rail services to London St Pancras in 1hr 22mins. Derby City Centre is approximately 11 miles away whilst Nottingham City Centre lies 14 miles north of the property with both cities providing a wealth of retail, leisure and commercial amenities.

Square Footage: 5,265 sq ft



Directions

Approaching Castle Donington from the A50, continue on Station Road past the Co-op and as Station Road becomes Bondgate take a left turn on to Hillside. Continue for 200m then take a right turn on to Clapgun Street, where Hambleton House can be found 100m on your left hand side.