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Substantial 21-bedroom HMO situated Preston

Preston, Lancashire, England

  • Freehold Price: £625,000
Seller Reference: lopr0_787480654
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Business Description
 
 
 
 
 
 
 
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Seller Reference: lopr0_787480654
Request Details
Business Description
LOCATION:
The premises are situated in Marsh Lane, in Preston, Lancashire located in the heart of this University City of central Lancashire. Just a few minutes’ walk from the University and on the doorstep for the railway station and main Fishergate shopping area ensuring the rooms can easily be rented, this can be backed up by the high occupancy rates.

DESCRIPTION:
The premises are split into three main houses with private parking to the rear and a central courtyard. Previously a well- known cookery school which was taken over by our vendor in 2007 having previously been converted into a 21room HMO predominantly Student Accommodation

USES:
Residential spaces

TENURE:
£625,000 Freehold

INCOME:
Showing excellent occupancy rates of 90% and a healthy turnover of £63,401 this is an excellent business

COMMENTS:
An excellent business that has been developed by our vendors since taking over in 2007. Our client regularly programmers’ refurbishment of rooms and has recently upgraded the fire alarm system and installed a new 65kw Bosch boiler

COURTYARD:
Internal walled courtyard with large communal area would suit some seating, with access to rear parking area.

AGENT NOTE 1:
The premises have 21 rooms, 5 Communal shower rooms, 1 Communal bathroom, 3 x Communal Kitchens, 2 x communal receptions, storage area, boiler room, laundry and communal courtyard, CCTV Room and off street parking.

LEGAL COST:
Both parties will be responsible for their own legal costs

LOCAL AUTHORITY:
Preston

ENERGY PERFORMANCE CERTIFICATE:
Energy Performance Asset Rating is 71: C Rating. A copy of this property’s energy performance certificate is available on request

REFERENCE CHARGE:
London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non-refundable after the references have been taken up, whether they are accepted or not by the Landlord

HOLDING DEPOSIT:
A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account

FIXTURE & FITTINGS:
Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

AGENT NOTE 2:
London Properties for themselves for Lessors, Vendors and their agents, give notice that:-


1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT



VIEWINGS:
Through London Properties by appointment only

Tenure:
Freehold
Location Details:
Marsh Lane, Preston, Lancashire, PR1 8RT
Listed by:
Request Details

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