This property is no longer on the market
Guest house
Property description & features
For Sale by Online Auction 27th October 2020
WHY BUY?
10 x En-suite bedrooms
Fully functioning guest house
Potential HMO rental property
Double glazing & central heating
Potential income in excess £100,000pa
DESCRIPTION
This is a large double fronted terrace property that has been configured to provide 10 x En-suite bedrooms and is currently being run as a guest house. The property is in immaculate condition and could begin trading immediately. The property benefits from reception area, large customer dining room and car park to the rear. If each room generates £200pw then the total annual income would be in excess of £100,000. Alternatively the property would make an ideal student rental property with potential rental income of £125 per room per week it could generate income of £65,000pa.
LOCATION
Situated on Picton road, this property benefits from strong passing footfall with local pubs, restaurants and local amenities on the same road. Picton road has reliable transport links with a main route into the city centre just only 2 miles away!
ACCOMMODATION
Ground floor: Reception area, dining room, customer wc, 2 x en-suite bedrooms
First floor: 4 x en-suite bedrooms
Second floor: 4 x en-suite bedrooms
Outside: Car park to rear
AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1250 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
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Energy Performance data and Internal floor area
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