A Substantial Freehold Detached Building Arranged to Provide Thirty-Seven Letting Rooms. Fully Let Producing £148,000 per annum

The property comprises a detached building arranged over ground and two upper floors. Internally the property is arranged as 37 letting rooms comprising a mixture of 1 bedroom en-suite rooms and bedsits. They each benefit from gas central heating, double glazing, full intercom, internal and external 23 camera system viewable via broadband from anywhere and a full up to date fire protection system. The rooms have been recently refurbished and newly carpeted.

Location

The property is situated in the Cwm area of Ebbw Vale close to local shops and amenities. There are numerous open spaces within easy reach. Transport links are provided by Ebbw Vale Parkway rail station.

Accommodation

Ground Floor 6 En-suite rooms and 8 Bedsit Rooms Communal Launderette First Floor 9 En-suite Rooms and 8 Bedsit Rooms Second Floor 2 En-suite Rooms and 4 Bedsit Rooms

Tenancy

The property is subject to 37 individual Assured Shorthold Tenancies at a combined rent of £12,333 per calendar month. The property benefits from a launderette room with coin operated machines which provide additional income of approximately £11,500 p.a (based on each tenant carrying out 1 wash per week).

Currently there is no planning for the thirty-seven letting rooms.

Current Rent Reserved £148,000 per annum

Viewing Details

Wednesday 1st June -12:00-13:00

Addendum

Currently there is no planning for the thirty-seven letting rooms. Amended Guide Price: £250,000+

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.