Potential For Serviced Accommodation/Holiday Let Apartments
No Forward Chain
Commercial landlords, investors and cash buyers only.
An excellent opportunity to purchase a HMO Licensed property in Southbourne Road, a short distance from Southbourne Grove and beach. This character property was built circa 1920's and boasts spacious rooms & character features, but would benefit from some modernisation. The property has a potential to continue as a going concern, remodelled to create additional accommodation or to become serviced accommodation/Airbnb apartments.
The property is currently arranged as: 1 x spacious one bedroom self-contained flat, 3 x self-contained bedsits with separate kitchens and 1 x single room bedsit with shower room and separate toilet.
Outside, there is a good sized rear garden laid to lawn and off road parking at the front of the property for four vehicles.
Current annual income: £24,600
Potential annual income: £43,800