An 8 Bedsit/Studio House in Multiple Occupation. Owned and run for the last 50 years. In the middle of Cambridge City. Fully compliant with City Council and all bylaws. Gross rental £62,000 and due for review in October. Fully let to ladies from all parts of the world. Easy to run business and a great income/pension. Now 80 years old, time for a change.
- Asking Price:
- £895,000 Furniture / Fixtures and Inventory / Stock included
- Turnover:
- £50K - £100K
- Net Profit:
- £50K - £100K
Property Information
- Property:
-
Freehold
- Living Accommodation:
-
All 8 Studio/bedsits are let. Each has the advantage of kitchen, cooking facilities, wifi and all living requirements.
- Location:
-
Cambridge City Centre
- Premises Details:
-
House on 4 floors, built in the late 1890s. Very good position for shops, pubs and leisure. All good condition and up to date.
- Size in square feet:
- 1,906
- Planning Consent:
-
None
- Energy Performance Rating:
- C
Business Operation
- Expansion Potential:
-
Not posible
- Competition / Market:
-
An area of HMOs with houses each side let to students/working young people
- Reasons for selling:
-
Husband and wife owners are both over 80 years old
- Trading hours:
-
Accomodation
- Employees:
- None
- Years established:
- 50+
Other Information
- Support & training:
-
Help to the new owners for 12 moths
- Furniture / Fixtures value:
- £10,000 - included in the asking price
- Inventory / Stock value:
- £2,000 - included in the asking price
- Home based:
- This business can be run from home.
