14 bed House for sale in Walpole Road, BH1 (ref: 500460)

A superb opportunity to purchase a fully licenced Freehold HMO with maximum occupancy for up to 25 persons in 14 households. The property features 14 bedrooms of various sizes, some feature en-suite shower rooms and the property has ample facilities throughout to ensure there are enough toilets, shower rooms and private vanity basins in most rooms. The house manager is very welcoming and oversees all of the property invoicing, bookings and turnovers. The tenant type is largely supplied by BCP council, these may be people in need of temporary housing with some tenants having stayed over a year.

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.

LICENCES/PERMISSIONS

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.

RATEABLE VALUE

Council Tax Band “E”. Information taken from the Valuation Office Agency website.

TENURE

FREEHOLD.

PRICE

£950,000 to include goodwill, furnishings, fittings and equipment as per inventory to be prepared.

ROOM BREAKDOWN:

GROUND FLOOR

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.

FIRST FLOOR

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

SECOND FLOOR

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.

OUTSIDE

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.