Nationwide are proud to the market 18 Bed Hotel with HMO planning. Detached property, busy road, residential, office and commercial area, West Midlands.

Fully equipped with all the requirements for HMO Licence
Secure gated parking for around 15-20 cars.

Property has large communal living space which was formally a bar.

Two large separate kitchens. The larger of the kitchens has all brand new facilities 3 hobs/3 ovens etc.

THE 18 BEDROOMS COMPRISING OF:
1 – Single with en-suite, 2 – Double with en-suite, 3 – Double with en-suite, 4 – King Size with en-suite, 5 – King Size with en-suite, 6 – Double with en-suite, 7 – Double with en-suite, 8 – King Size with en-suite, 9 – King Size with en-suite, 10 – Double with en-suite – currently needs new en-suite fitting, 11 – Double with en-suite, 12 – Double with en-suite, 14 – Double shared bathroom, 15 – Double shared bathroom, 15a – King Size shared bathroom
16 – Single shared bathroom, 17 – Double shared bathroom, 18 – Currently used as a communal living space but can be turned into double bed with shared bathroom

There are two shared house bathrooms and toilets

Turnover : The planned pricing schedule is £10,450 per calendar month:

King Rooms (£600 each)
King Rooms en suite (£650 each) – (4 = £2,600)
Double rooms (£550 each) (4 = £2,200)
Double rooms en suite (£600 each) – (7 = £4,200)
Single rooms (£400)
Single rooms en suite (£450)

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT. (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £140,000 (H7864)

www.NationwideBusinesses.co.uk