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Two Large Link-Detached Buildings Arranged as a 17 Room B&B. At Full Occupancy Total Rental Income of £192,600 Per Annum
The property comprises two large detached buildings arranged over ground and first floors. The property is currently arranged as seventeen letting rooms.
Tenure
Freehold
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Pope's Meadow are within easy reach. Transport links are provided by Bracknell railway station.
Accommodation
Elizabeth House Ground Floor Communal Conservatory/Dining Area Communal Kitchen Four Bedrooms each with En-Suites (Room numbers 1,2,3 4) Communal WC First Floor Four Bedrooms each with En-Suites (Room numbers 5,6,7,8) Elizabeth House 2 (Beulah) Ground Floor Four Bedrooms each with En-Suites (Room numbers 9,10,11,12) Laundry Room First Floor Five Bedrooms (Nos 13, 14, 15,16,17) with En-Suites or Private Bathrooms Private Staff Room/Storage Room
Exterior
The property benefits from a rear garden with three storage sheds and off street parking. There is an additional self-contained 1 bed unit with kitchen and en-suite.
Tenancy
The rooms are currently let on a 'per month' basis. The current occupancy rate is approximately 90% and the combined rent when fully occupied equates to £192,000 per annum.
A third detached building (Charnwood) is also available by separate negotiation.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.