Investment Poole - 28 Garland Road
Licensed HMO property for sale in Poole
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.
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.
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.
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)
Council Tax Band C. Information taken from the Valuation Office Agency website.
£420,000 to include goodwill, furnishings, fittings and equipment as per inventory to be prepared.
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.