33 bed Flat For Sale £1,650,000
Adelaide House, Adelaide Street, Stoke-on-Trent, Staffordshire, ST6 2BD

Guide Price = £1,650,000+

*For Sale By Online PublicAuction 7th February 2024 09:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*

A Substantial Terraced HMO Arranged to Provide 33 x Studio Rooms Producing a Net Income of £165,000 Per Annum

Tenure
Freehold

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Grange Park are within easy reach. Transport links are provided by Longport rail station.

Description
The property comprises a substantial terraced HMO arranged to provide thirty three studio rooms over the ground and first floors.

Accommodation
33 x Studio Rooms each with En-Suites and Kitchenettes
2 x Communal Reception Rooms
4 x Communal Kitchens
2 x Offices
2 x Laundry Rooms

Accommodation
Exterior
The property benefits from eighteen car spaces.Tenancy
The property is subject to a lease for a term of 5 years to Above N Beyond Ltd commencing 23rd August 2023 at a rent of £165,000 per annum. There is a 3 year break clause with 6 month's notice. The tenant is responsible for utility and maintenance costs, taxes and rates payable.

Note
Planning
Viewing Schedule (Booking Required)

Thursday 25 January 2024 12:00 PM - 12:30
Tuesday 30 January 2024 12:00 PM - 12:30