Freehold Investment Property With Large Family Home & Hmo Potential Premium Advert

Tamworth, Staffordshire
Freehold Price:
£999,950
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
177704
Reference
2000 / RightBiz

Details

Investment Property in Polesworth For Sale
Ref 1098

Location

This delightful property is located in the desirable village of Polesworth, Tamworth in Staffordshire. Its very easily accessed and is in close proximity to the M42 motorway.

Business information

Asking Price: £999,950 plus SAV
Commercial Income: £33,500 per annum
House income if rented: £19,200 or HMO conversion income £54,000

Business Description

Veritas Business sales are delighted to offer for sale this respected Investment Property which is located in the village of Polesworth. The property has been in the careful hands of the current owner for the last 30 years but has been in his family since 1962. Since ownership there has been significant investment to bring the property up to the standard that you see before you today which means that any new purchaser will not need to spend any additional funds for some time and just sit back and let the rents come in. Reluctantly the site is now being offered for sale so that they can enjoy a well deserved retirement. The Off-License is leased on a 15 year term with 12 years remaining and the rental income is £27,750 pa and Corals Betting Office is rented out for £5,750pa. The 6 bedroom house is where my client resides and would rent out easily for £1600 pcm but would easily lend itself for conversion to a HMO where you could possibly have 9 rental rooms @ £500 pcm to yield £54,000 if fully let. This is a superb opportunity to purchase an established Property Portfolio which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.
 
Ground floor commercial
Off-licence comprising:
Retail shop
Office/store room
Kitchenette with sink drainer and tea & coffee area
W/C and wash basin
Reception/lobby
W/C and wash basin
Office/store room
Corals betting office comprising:
Front customer betting office
Rear admin office
Customer W/C and wash basin
External
Front off road parking for (5)
Side bin area
House
Ground floor
Snooker room
W/C and wash basin
Conservatory
Lounge
Lounge/diner with gas fire and Inglenook fire place
Kitchen with breakfast bar
Laundry room
First floor
Master bedroom
Dressing room or single bedroom
Bathroom with bath, w/c and wash basin
Double bedroom with fitted wardrobes
Double bedroom with fitted wardrobes and storage cupboard
Large double bedroom with fitted wardrobes
Office/single bedroom
Bathroom with corner bath, shower cubicle, w/c and wash basin
External
Gated driveway with parking for (6)
Double garage
Rear courtyard
The property benefits from gas central heating and double glazing


Listing Details
Freehold Price: £999,950
Tenure: Freehold
Sector: Rental Business, Investment Properties, Commercial Properties
Financials
Annual Turnover: £50,000
Annual Net Profit: Available upon request
Key Features
  • Fully Fitted
  • Established Business
  • Retirement Sale
  • Town Centre location
  • Close to Local Amenities
  • With Car Park
  • Potential for Alternative Use
  • With Accommodation
  • Central Position in Affluent Village
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