18 Hotel with HMO Planning in West Midlands For Sale

Detached property, busy road, residential, office and commercial area, West Midlands.

Turnover £ 2,500
Price £140,000

Features

18 Bed Hotel with Hmo Planning

Fully equipped with all the requirements for HMO Licence
Secure gated parking for around 15-20 cars.

Property has large communal living space which was formally a bar.

Two large separate kitchens. The larger of the kitchens has all brand new facilities 3 hobs/3 ovens etc.

THE 18 BEDROOMS COMPRISING OF:
1 - Single with en-suite, 2 - Double with en-suite, 3 - Double with en-suite, 4 - King Size with en-suite, 5 - King Size with en-suite, 6 - Double with en-suite, 7 - Double with en-suite, 8 - King Size with en-suite, 9 - King Size with en-suite, 10 - Double with en-suite - currently needs new en-suite fitting, 11 - Double with en-suite, 12 - Double with en-suite, 14 - Double shared bathroom, 15 - Double shared bathroom, 15a - King Size shared bathroom
16 - Single shared bathroom, 17 - Double shared bathroom, 18 - Currently used as a communal living space but can be turned into double bed with shared bathroom

There are two shared house bathrooms and toilets

Turnover

The planned pricing schedule is £10,450 per calendar month:

King Rooms (£600 each)
King Rooms en suite (£650 each) - (4 = £2,600)
Double rooms (£550 each) (4 = £2,200)
Double rooms en suite (£600 each) - (7 = £4,200)
Single rooms (£400)
Single rooms en suite (£450)

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £28,000 p.a.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 70,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote