3 bedroom property

Rooms

Location
The property is situated to the centre of Aquila Road, on right hand side, in between its junctions with Poonah Road to the south and Poonah Lane to the north. The property extends from Aquila Road to the west all the way to Poonah Lane to the east.

Description
The property is an attractive mid-terrace property of traditional masonry construction under a pitched slate roof. The property comprises 2 self-contained bedsit units, 2 no one bedroom units (one of these is entitled) and a 3 bedroom house with courtyard garden, double garage and parking. The property has an up to date fire certificate and lodging house certificate. Planning consent (P/2022/1726) has been recently granted for the conversion of the property to provide 3 no 1 bedroom apartments and the refurbishment of the existing 3 bedroom house with associated garden and parking.

Accommodation
We have been informed the property is registered as a lodging house for 11 persons and provides the following accommodation: Ground Floor – Unit 1 – Self contained bedsit. Ground Floor – Unit 2 – Self-contained bedsit. First Floor – Unit 3 – Entitled one bedroom flat. Second Floor – Unit 4 – One bedroom flat. Ground to First Floor – 3 bedroom house.

Income
The property is currently vacant but we believe, when fully let, the property could provide a potential gross annual income of over £60,000 pa.

Asking Price
The opportunity exists to acquire the freehold of this property for a consideration of £850,000 exclusive of GST as applicable. There is also the opportunity to purchase the company, Dacerend Holdings Ltd.

Legal costs
Each party to bear their own legal costs and any other costs incurred in the purchase of this property.