- 12 bedrooms
- 4 bathrooms
- Substantial Detached Victorian Building
- 12 Bedroom hmo Investment Sale
- Scope for Re-Development (STPP)
- Current 20 Persons Licence
- Fully Let Income Â£82,000 P/A
- Excellent Location for Town Centre
- Excellent Investment Return
- Rare Opportunity Not To Be Missed
Description Detailed Description
Guide price Â£950,000 - Â£1,000,000 This substantial Victorian detached building is located just 0.8 Miles from East Grinstead train station. Currently set up as a 12 room House of Multiple Occupation (hmo) with a current Fully Let Income of Â£82,000 P/A. Scope for Re-Development (STPP)
It is rare that such an opportunity comes to the market. A fantastic, substantial and grand Victorian detached building is currently used as a House in Multiple Occupation (hmo). The current licence allows up to 20 people to live in the property at any one time. That said, the scope for development (STPP) in to a number of apartments is more than obvious too.
A grand entrance hall and doorway is testament to the Victorian era this home was built in.
Given the central location it is ideal for the town centre and mainline train station: It's no wonder it is normally fully occupied.
The ground floor is licensed for seven occupants. âRoom let 3' has the extra benefit of its own front door, separate lounge, kitchen, WC & double bedroom. The rooms are serviced by a shower room/utility area with WC and separate WC.
The first floor is licensed for seven people. Room let 6 being the largest, with plenty of character courtesy of the turret and a balcony which enjoys a pleasant outlook over the tree-bordered side garden. A shower room with toilet provide the services on this level.
Off the stairs to the second floor are a separate WC/shower room and a bathroom with WC. On the second floor there are a further 3 room letâs licensed for 6 people. Room let 10 has a kitchen/diner and a lounge/bedroom with turret, whilst Room let 12 has its own separate kitchen. A large attic space will be of great benefit too.
We have owned and operated the property as a hmo for 35 years and now wish to retire. It has been almost fully occupied with very few voids, providing us with a steady inflation proof income. In the 1960's it was a Guest House and (STPP) is ideally suited to that use or conversion into large Flats with much character as many of the original Victorian features still exist. All Flat lets are sub-metered for electricity and 10 also for gas.
This is a unique opportunity to acquire a substantial investment property that is let.
Let Room 1 : 14'7" x 14'2" (4.45m x 4.32m)
Let Room 2 : 15'6" x 13'8" (4.72m x 4.17m)
Let Room 3
Lounge : 13'0" x 9'7" (3.96m x 2.92m)
Kitchen : 7'9" x 6'2" (2.36m x 1.88m)
Bedroom : 13'0" x 10'1" (3.96m x 3.07m)
Inner Lobby & W/C
Let Room 4 : 13'9" x 11'7" (4.19m x 3.53m)
Shower Room / Laundry / W/C
Let Room 5 : 13'0" x 10'1" (3.96m x 3.07m)
Let Room 6 : 19'9" x 19'7" (6.02m x 5.97m)
Let Room 7 : 17'1" x 14'0" (5.21m x 4.27m)
Let Room 8 : 12'6" x 11'6" (3.81m x 3.51m)
Let Room 9 : 14'1" x 11'8" (4.29m x 3.56m)
Communal Shower Room & W/C
Communal Shower Room & W/C
Let Room 10
Kitchen/Diner : 11'5" x 9'7" (3.48m x 2.92m)
Lounge/Bedroom Area : 14'5" x 11'8" (4.39m x 3.56m)
Large Turret Area
Let Room 11 : 15'9" x 14'5" (4.80m x 4.39m)
Let Room 12 : 16'0" x 11'3" (4.88m x 3.43m)
Kitchen : 8'8" x 6'4" (2.64m x 1.93m) View more View less