Investment Poole - 28 Garland Road

Overview

Reference: 6364/SGC
Price: £ 420,000
Term: For Sale
Type: Investment
Contract: For Sale
Location: Poole
Area: -ft2
 For full details CLICK HERE to download PDF

Licensed HMO property for sale in Poole

Location

Close to Poole General Hospital, approx. 0.2 miles away, Dolphin Shopping Centre is 0.5 miles away.  Civic Offices approx. 0.5 miles, Bournemouth and Poole College approx. 0.6 miles.  Poole Mainline Railway Station approx. 0.7 miles, Poole Quay approx. 1.2 miles.

Features

Prominent corner location.  Conveniently located for Town Centre and all amenities.  Gas fired central heating.  UPVC double glazing.  Re-tiled roof.  Wi-fi, high occupancy levels.  Off road parking space and enclosed patio.

Outside

To the front of the property there is a small area of forecourt/garden whilst to the rear there is an enclosed paved patio and off road parking space.

Trading and Business

We are informed that the owner maintains a high occupancy level and an income of £775 per week is currently being achieved.  We have not had sight of accounting information to verify this.

Licence/Permissions

We are informed an HMO licence is held for 7 units, 8 persons.  We have not had sight of this document.

Room 1          Currently let at £95 per week – SINGLE

Room 2          Currently let at £95 per week – SINGLE

Room 3          Currently let at £90 per week – SINGLE

Room 4          Currently let at £100 per week – SINGLE

Room 5          Currently let at £95 per week – SINGLE

Room 6          Currently let at £160 per week – LARGE DOUBLE into separate living room

Room 7          Currently let at £140 per week – LARGE SINGLE/DOUBLE

TOTAL CURRENT RENTAL INCOME – £775 PER WEEK (£40,300pa)

Rateable Value

Council Tax Band C.  Information taken from the Valuation Office Agency website.

Tenure

Freehold

Price

£420,000 to include goodwill, furnishings, fittings and equipment as per inventory to be prepared.

Map


Property Misdescription Act and Misrepresentation Act: These particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. Nettleship Sawyer cannot guarantee the accuracy of any description, dimension, references to condition, necessary permissions for use and occupation and other details contained herein and the prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy. No employee of Nettleship Sawyer has any authority to make or give any representations or warranty or enter into any contract whatever in relation to the property. Rents or prices quoted in these particulars may in addition be subject to VAT. Nettleship Sawyer will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.