A registered lodging house licensed for 23 adults plus 9 children under the age of 5, in eight rooms.
Income
Current income is £126,880 per annum. Rents range from £170 per week to £265 per week.
Location
The property is located in David Place, a short way along from the Millennium Town Park.
Description
Five units have ensuite facilities with the remaining seven 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 and one child under 5 with shared facilities. Flat 2 registered for 2 persons and one child under 5 with shared facilities. Flat 3 registered for 2 persons with shared facilities. Flat 4 registered for 2 persons and one child under 5 with ensuite facilities. Flat 5 registered for 2 persons and one child under 5 with shared facilities. Flat 6 registered for 2 persons and one child under 5 with ensuite facilities. Flat 7 registered for 2 persons and one child under 5 with shared facilities. Flat 8 registered for 1 person with shared facilities. Flat 9 registered for 2 persons and one child under 5 with ensuite facilities. Flat 10 registered for 2 persons and one child under 5 with ensuite facilities. Flat 11 registered for 2 persons with shared facilities. Flat 1 registered for 2 persons and one child under 5 with ensuite facilities.
Asking price
The opportunity exists to acquire the of this property for a consideration of £1,550,000 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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