THRIVING WET LEAD FREEHOUSE WITH FULLY LICENCED H.M.O.

Ref : L1498B

Price

Freehold : Offers in the Region of :: £450,000.00 SAV SOLE AGENTS

Unless otherwise stated all rental figures and asking prices quoted in the above details are exclusive of any Value Added Tax that might be applicable.

  • Thriving wet led free house with fully licenced HMO.
  • Enviable central location in popular residential area close to city centre and university.
  • Large period property well maintained throughout.
  • Lounge/bar with servery, customer toilets and cellar.
  • Self-contained fully licenced seven bedroom HMO to upper floors.
  • Turnover approx. £5,500 - £6,500 per week, wet trade only.
  • Plus approx. £30,000 per annum rental income when fully let.
  • Retirement sale. Viewing strongly recommended.

The Melbourne Inn is situated in an attractive urban environment, being in a Conservation Area directly opposite the Roman Catholic Cathedral.  It occupies a prominent corner position in a densely populated and mainly Victorian style residential suburb on the fringe of the main city centre close to the university of Plymouth and the main line railway station.

Plymouth, with a population of over 250,000 is the largest city in the West Country.  Largely rebuilt since World War II it is now a thriving industrial and commercial centre and is still one of the Royal Navy's principal base and warship repair dockyards.  The city has excellent educational, recreational and entertainment facilities and access to the rest of the country is gained by road via the A38/M5 motorway and by rail.  Europe is also accessible by the car/passenger ferry which is operated from its terminal at Millbay Docks.

The premises are end of terraced and believe to date back to the late 1800s and, for the main appear to be of traditional stone and brick construction with part tiled and part rendered and painted elevations under a pitch slate roof.  Under the present ownership, the property has been extensively renovated and refurbished, being well maintained and presented throughout.  In brief, it comprise of a large open-plan bar area at ground floor level with servery, customer toilets and cellar, together with extensive seven bedroom accommodation to the first and second floors, which has a full HMO certificate and when fully let, is capable of generating a rental income of around £30,000 per annum.  In turn, full vacant possession can be made available if required, and it is felt that the accommodation could be utilised in a number of ways, suitable for a large family or partnership or perhaps Air B&B if required.  An early viewing appointment is strongly recommended.   

Register with us today

Account Details


Personal Details




Please let us know whether you are happy for us to contact you from time to time with information about our products or services by selecting one of the following options:

We want you to know exactly how our service works, how we use your personal data and how it is stored and transmitted. Please state that you have read and understand our Terms & Conditions and our Privacy Policy.

To proceed you must accept our Terms & Conditions:


Viewing

Our clients require that all viewings must be arranged by prior appointment through our offices. Telephone now on PLYMOUTH (01752) 20 60 20 (24hr answering service) when we will be pleased to make all your appointments for you, and bring you up-to-date with newly listed businesses.

Professional Services

We are also Specialists in Valuations for all purposes, Rent Reviews, Lease Renewals, Rating, Compensation, Planning, Property Management and Auctions. Contact our team of professionally Qualified Surveyors, Valuers and Auctioneers for all your requirements. Telephone us now on PLYMOUTH (01752) 20 60 20 (24hr answering service).

Mortgages

Contact our offices now for all your mortgage requirements. Plymouth (01752) 20 60 20.

Complete the form below and we will contact you as soon as possible

Please let us know whether you are happy for us to contact you from time to time with information about our products or services by selecting one of the following options:

We want you to know exactly how our service works, how we use your personal data and how it is stored and transmitted. Please state that you have read and understand our Terms & Conditions and our Privacy Policy.

To proceed you must accept our Terms & Conditions:

Office Address

Huntley & Partners
117 Ridgeway
Plympton
Plymouth
Devon
PL7 2AA

Telephone

01752 206020

(24hr answering service)