A registered lodging house - recently upgraded - licensed for 16 adults plus 1 child under the age of 18, in eight rooms.
Income
Current income is £81,640 per annum. Rents range from £150 per week to £275 per week.
Location
The property is located on St Saviour's Road, a short way along from the Animal Shelter on the same side of the road.
Description
All but three units have en suite facilities with the remaining three using shared facilities outside of their rooms. Registration and fire certificates are up to date and all rooms have current EIRs (Electrical Inspection Report).
Accommodation
Flat 1 registered for 2 persons with ensuite facilities
Flat 2 registered for 2 persons with ensuite facilities
Flat 3 registered for 2 persons and one child under 18 with ensuite facilities
Flat 4 registered for 2 persons 18 with ensuite facilities
Flat 5 registered for 2 persons with shared facilities
Flat 6 registered for 2 persons with ensuite facilities
Flat 7 registered for 2 persons with shared facilities
Flat 8 registered for 2 persons with shared facilities
Asing price
The opportunity exists to acquire the of this property for a consideration of £860,000 exclusive of GST as applicable.
Legal costs
Each party to bear their own legal costs and any other costs incurred in the purchase of this property.
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