14 bed House for sale in Walpole Road, BH1 (ref: 500460)Shortlist
- 14 Bedrooms, 6 En-Suites
- Investment Opportunity
- Fully Licenced HMO
- Opportunity to extend STPP
- No Onward Chain
- Off Road Car Parking
- Profitable existing business
- Close to local amenities
- Opportunity For Extension
The property is in good order throughout, you can quickly see the extensive external renovation carried out in 2018-2019 including a roof and loft extension, New UPVC Double Glazing, plumbing, heating, rewiring, Fire Alarm and CCTV as increasing the capacity which is covered under the license. Further units could be added to the side which the current owner has explored, subject to planning approval. Tall Pines is a very attractive period building and a ready made business for someone looking to either expand their HMO offering, or looking to invest into one larger operation. We anticipate this will suit many landlord buyers so we welcome your enquiry and can arrange access for a viewing. The vendor has provided figures for the last few years. More details are available upon request.
SUMMARY OF ACCOMMODATION
14 Letting Bedrooms (6 en-suite). Further Bedroom. Lounge/Dining Room. Large Kitchen. Utility Room.
TRADING & BUSINESS
The business is well established generating a lucrative return on investment. Trading figures can be made available by request.
A current HMO Licence is held for 25 persons in 14 households. Planning consent has been sought to extend the property over the courtyard however this has thus far been refused.
Council Tax Band “E”. Information taken from the Valuation Office Agency website.
£950,000 to include goodwill, furnishings, fittings and equipment as per inventory to be prepared.
BEDROOM 1 - SINGLE with pedestal wash hand basin.
BEDROOM 2 - FAMILY ROOM with splayed bay window, pedestal wash hand basin.
BEDROOM 3 - FAMILY ROOM with corner bay window, en-suite shower room.
BEDROOM 4 - SINGLE with vanity unit.
BEDROOM 5 - SINGLE with vanity unit.
BEDROOM 6 - LARGE DOUBLE with part bay window, vanity unit, en-suite shower
BEDROOM 7 - FAMILY ROOM with corner bay window, en-suite shower room.
BEDROOM 8 - (Not currently let) - SINGLE with wash hand basin.
BEDROOM 9 - FAMILY ROOM with splayed bay window, en-suite shower room.
BEDROOM 10 - LARGE DOUBLE having double aspect, vanity unit.
SHOWER ROOM - With shower cubicle, close coupled WC, pedestal wash hand basin.
CLOAKROOM - With close coupled WC, wash hand basin
Landing With Velux sky light window.
BEDROOM 11 - SINGLE with dormer window, wash hand basin.
BEDROOM 12 - LARGE DOUBLE with dormer window, under eaves storage cupboard, en-suite shower room.
Second Staircase from First Floor to:
BEDROOM 14- FAMILY ROOM with Velux window, en-suite shower room, wash hand basin and WC.
BEDROOM 15 - SINGLE with Velux window, vanity wash hand basin.
To the front and side of the property there is a small area of garden behind a dwarf brick wall. Accessed from Randolph Road to the rear of the property there is an enclosed brick paver courtyard/car park for 3/4 vehicles in a grid arrangement. Large Garage (3.5m x 9m) with up and over door.
This information has not been verified and should not be relied upon as statement of fact, but it is given in good faith for guidance only. Applicants should make inquiries to satisfy themselves with regard to any restrictive covenants that may apply.
Stamp Duty Due
Based on a sale price of £950,000 the total amount of stamp duty payable will be:
Last updated: The calculator has been updated following the end of the stamp duty holiday on 1st October 2021.
* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.
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Rear External Garage
Rear external driveway
- Status: Available
- Reference: 500460