House For Sale £900,000
Summary
auction sale 15 September 2022 - > to be sold by public auction > Substantial Grade II listed property > Arranged as 5 large 2 & 3 bed flats - circa 7216 sq ft of accommodation > Potential to improve income/layout > guide price £900,000 plus
description
This substantial Grade II listed building offers 5 large self-contained 2 and 3 bedroom apartments with outstanding feature communal areas. We believe the property has been used as both a hotel and a care home in the past and now offers the perfect opportunity to enhance the rental income and potential new layouts (subject to required planning) to take advantage of the 7216 sq ft of floor space. In addition to the rental values, given the location, the property may be ideal for Airbnb operators or speculative investors looking to create a larger number of smaller apartments, subject to any required planning consents. This property must be seen to fully appreciate the level of accommodation on offer.
Tenancy Details
The property is currently let at rents considered substantially below the current market value. Based on the current rents, the building achieves circa £3,080 pcm (excluding Flat 4 which is used by the sellers) and the only shared service is water which is paid for by the current seller. We would expect rents to be around £62,000 pa - £65,000 pa based on the current layout. Copies of the tenancy agreements will be included in the legal pack and buyers are advised to have satisfied all enquiries regarding the status of the tenancies, prior to bidding.
Planning Details
Planning permission was granted in 1998 for conversion from a Nursing Home into 5 self-contained apartments under application 98/0008/cou by Dorset Council.
Lower Ground Floor
Communal Hallway with Winding Central Staircase.
Flat 1
Entrance Hallway, Bedroom One with En Suite Shower Room, Living Room, Bedroom Two with En Suite Shower Room, Bathroom, Kitchen.
Flat 2
Entrance Hallway, Lounge, Bedroom One, Inner Hallway, Bathroom, Shower Room, Bedroom Two, Bedroom Three, Kitchen.
First Floor
Accessed from road level or main staircase.
Flat 3
Entrance Hallway, Bedroom Three, Lounge with Dining Area, Bedroom Two, Kitchen, Inner Lobby, Separate WC, Bathroom, Bedroom One with En Suite Bathroom.
Flat 4
Entrance Hallway, Bedroom One, Bedroom Two, Bathroom, Kitchen/Diner, Living Room, Utility Room.
Second Floor: Large Landing with turning Half Landing areas.
Flat 5
Entrance Lobby Bedroom Three with En Suite Shower Room, Kitchen/Diner, Bedroom One with En Suite Bathroom, Living Room, Bedroom One with En Suite Shower Room.
Outside
Various courtyard areas with access to the lower ground floor hallway and first floor from Rodwell Road. 3 car parking spaces are available in the adjoining courtyard which is accessed from Rodwell Road by entering the underpass between 10 & 10A, with the spaces being on the right hand side as you enter the rear courtyard area.
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
auction sale 15 September 2022 - > to be sold by public auction > Substantial Grade II listed property > Arranged as 5 large 2 & 3 bed flats - circa 7216 sq ft of accommodation > Potential to improve income/layout > guide price £900,000 plus
description
This substantial Grade II listed building offers 5 large self-contained 2 and 3 bedroom apartments with outstanding feature communal areas. We believe the property has been used as both a hotel and a care home in the past and now offers the perfect opportunity to enhance the rental income and potential new layouts (subject to required planning) to take advantage of the 7216 sq ft of floor space. In addition to the rental values, given the location, the property may be ideal for Airbnb operators or speculative investors looking to create a larger number of smaller apartments, subject to any required planning consents. This property must be seen to fully appreciate the level of accommodation on offer.
Tenancy Details
The property is currently let at rents considered substantially below the current market value. Based on the current rents, the building achieves circa £3,080 pcm (excluding Flat 4 which is used by the sellers) and the only shared service is water which is paid for by the current seller. We would expect rents to be around £62,000 pa - £65,000 pa based on the current layout. Copies of the tenancy agreements will be included in the legal pack and buyers are advised to have satisfied all enquiries regarding the status of the tenancies, prior to bidding.
Planning Details
Planning permission was granted in 1998 for conversion from a Nursing Home into 5 self-contained apartments under application 98/0008/cou by Dorset Council.
Lower Ground Floor
Communal Hallway with Winding Central Staircase.
Flat 1
Entrance Hallway, Bedroom One with En Suite Shower Room, Living Room, Bedroom Two with En Suite Shower Room, Bathroom, Kitchen.
Flat 2
Entrance Hallway, Lounge, Bedroom One, Inner Hallway, Bathroom, Shower Room, Bedroom Two, Bedroom Three, Kitchen.
First Floor
Accessed from road level or main staircase.
Flat 3
Entrance Hallway, Bedroom Three, Lounge with Dining Area, Bedroom Two, Kitchen, Inner Lobby, Separate WC, Bathroom, Bedroom One with En Suite Bathroom.
Flat 4
Entrance Hallway, Bedroom One, Bedroom Two, Bathroom, Kitchen/Diner, Living Room, Utility Room.
Second Floor: Large Landing with turning Half Landing areas.
Flat 5
Entrance Lobby Bedroom Three with En Suite Shower Room, Kitchen/Diner, Bedroom One with En Suite Bathroom, Living Room, Bedroom One with En Suite Shower Room.
Outside
Various courtyard areas with access to the lower ground floor hallway and first floor from Rodwell Road. 3 car parking spaces are available in the adjoining courtyard which is accessed from Rodwell Road by entering the underpass between 10 & 10A, with the spaces being on the right hand side as you enter the rear courtyard area.
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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