£900,000
(£142.65/sq. ft)
Hotel for saleFriarn Street, Bridgwater TA6
6,309 sq. ft
EPC Rating: D
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About this property
Description:
We are pleased to bring this substantial Grade II Listed HMO property to the market, having previously undergone significant refurbishment to provide 18 bedrooms.
The property presents an excellent opportunity for an investor or operator, with the flexibility to be let as a whole or on an individual room-by-room basis, offering the potential to generate a substantial rental income.
The property is situated on the south side of Friarn Street, close to the Broadway Junction and within easy walking distance of the High Street.
A range of local restaurants, bars and other amenities are also readily accessible nearby, making the property well positioned for both professional and contractor accommodation.
The property also benefits from a separate rear garden area, which is currently unused but provides an opportunity to create additional external amenity space.
Accommodation:
The property is arranged over four floors:
Basement - 35.32m² | 380ft²
Ground Floor - 246.46m² | 2,652ft²
First Floor - 220.77m² | 2,375ft²
Second Floor - 83.83m² | 902ft²
Total - 586.38m² | 6,309ft²
Measurements are on a gia basis taken from plans provided.
The property boundary including the gardens extents to approximately 0.24 acres.
Method of Sale:
The property is being sold Freehold under Land Registry Title ST222147 by way of Private Treaty sale with vacant possession.
Investment:
The property is currently unoccupied and will be sold with vacant possession. However, it offers significant potential to be let either as a whole, for contractor, student or professional accommodation, or on a per room basis. The property was previously occupied on a company let arrangement, providing accommodation for working professionals.
Based on the current layout and room schedule, we would anticipate a gross rental income of £142,000 per annum, assuming all rooms are fully let for a full 12-month period. This reflects a potential gross yield of approximately 15.8% against the guide price of £900,000.
Please note these figures are gross, and appropriate deductions would need to be made for utilities, management and all other outgoings. Rental figures are estimates only and are not guaranteed. Prospective purchasers should make their own enquiries and satisfy themselves as to the achievable income.
We are pleased to bring this substantial Grade II Listed HMO property to the market, having previously undergone significant refurbishment to provide 18 bedrooms.
The property presents an excellent opportunity for an investor or operator, with the flexibility to be let as a whole or on an individual room-by-room basis, offering the potential to generate a substantial rental income.
The property is situated on the south side of Friarn Street, close to the Broadway Junction and within easy walking distance of the High Street.
A range of local restaurants, bars and other amenities are also readily accessible nearby, making the property well positioned for both professional and contractor accommodation.
The property also benefits from a separate rear garden area, which is currently unused but provides an opportunity to create additional external amenity space.
Accommodation:
The property is arranged over four floors:
Basement - 35.32m² | 380ft²
Ground Floor - 246.46m² | 2,652ft²
First Floor - 220.77m² | 2,375ft²
Second Floor - 83.83m² | 902ft²
Total - 586.38m² | 6,309ft²
Measurements are on a gia basis taken from plans provided.
The property boundary including the gardens extents to approximately 0.24 acres.
Method of Sale:
The property is being sold Freehold under Land Registry Title ST222147 by way of Private Treaty sale with vacant possession.
Investment:
The property is currently unoccupied and will be sold with vacant possession. However, it offers significant potential to be let either as a whole, for contractor, student or professional accommodation, or on a per room basis. The property was previously occupied on a company let arrangement, providing accommodation for working professionals.
Based on the current layout and room schedule, we would anticipate a gross rental income of £142,000 per annum, assuming all rooms are fully let for a full 12-month period. This reflects a potential gross yield of approximately 15.8% against the guide price of £900,000.
Please note these figures are gross, and appropriate deductions would need to be made for utilities, management and all other outgoings. Rental figures are estimates only and are not guaranteed. Prospective purchasers should make their own enquiries and satisfy themselves as to the achievable income.
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