Attractive 12 Bedroom investment property exceeding 5000sq ft of accommodation in a popular market town with a gross annual yield of 10.2%.
Hambleton House is a period, three storey detached property, measuring in excess of 5000sq ft of accommodation. It includes 10 lettable bedrooms, a two bedroom apartment, kitchen and lounge areas and a ground floor retail unit.
Currently, the 10 rooms and second floor apartment are let as serviced accommodation, largely to pilots, training course attendees, and to corporate clients. The ground floor retail unit is let on a licence to a hairdresser. There is scope to increase the current gross yield of 10.2% by reverting to shorter stays, increasing focus on business and leisure clients, further room upgrading and by converting reception / amenity space into lettable rooms (subject to the necessary planning permissions).
All of the lettable rooms benefit from either an en suite shower room or bathroom, wall mounted televisions, gas central heating and key code door entry handles.
The main entrance is at the rear of the property, accessed from the car park. The entrance hall leads on to the accommodation at this level, comprising a living room with French doors out to a patio seating area, an interlinking dining room, a flagstone laid study area and a breakfast kitchen. The kitchen has been upgraded by the current owners and incorporates a range of high gloss cream units and integrated appliances including two electric ovens,five ring electric
hob with extractor above, dishwasher and two fridges. The hairdressers salon includes storage areas, kitchenette and WC.
Room 12, a double room with en suite wet room is accessible via an internal lobby off the study area. A boiler room housing the hot water tank, and storage areas complete the
accommodation at ground floor level.
There are nine double rooms on the first floor level, five of which are larger double bedrooms. There is also a laundry room with WC and a linen storage room.
The whole of the second floor is occupied by a spacious two bedroom apartment, made up of an open plan kitchen diner, a shower room and two double bedrooms.
The rear of the property provides off street parking for at least 10 vehicles in addition to a patio seating area accessible via both the living room and an external gate.
View payable Stamp Duty for this property
The nearby airport is key to the properties desirability and further potential.Luke BillsonProperty agent