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£1,100,000

New Road, Moreton In Marsh, GL56

  • 0 beds
Detached house

£1,100,000

  • 0 beds
Detached house
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Estimate monthly mortgage payment:

£5,022 per month

Minimum deposit amount:

£55,000
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A substantial period stone and brick former hotel having been extensively refurbished and remodelled to provide six exceptional letting units. Thought entirely suitable for owner occupiers and investors seeking valuable passive income via long or short term lets/holiday let/AirBnB. The property comprises 6 units including four ground floor studios, one 2 bedroom first floor apartment and one 4 bedroom duplex apartment. Located in the heart of this historic Cotswold market town, the property is adjacent to the railway station, which has direct trains to London, and has elegant period features including flagstone floors, sash windows, fireplaces, exposed beams and excellent ceiling heights, plus new kitchens, bathrooms, carpets, decorations, brushed steel sockets and the majority of the units with replacement column style radiators. With vacant possession, it is ready to create excellent income, projected rents available.

ACCOMMODATION

THE STUDIOS

Entering the property through the front door leads to a

FLAGSTONE ENTRANCE HALL

with a fuse box, meters cupboard and large airing cupboard with Cyclone hot water tank serving the studios.

STUDIO ONE (LEFT HAND SIDE)

All the studios have bright spacious bed/sitting rooms with excellent new kitchens and bathrooms, tiling and decorations. This unit has a handsome fireplace and new fitted Kitchen with stainless steel sink, tiled splashbacks, fridge, dishwasher, oven, hob, hood and in this one, a peninsular breakfast bar unit. En Suite Shower Room, newly fitted with white suite of wc, pedestal wash hand basin and oversized shower and screen.

STUDIO TWO (RIGHT HAND SIDE)

As before, including En Suite Shower Room, attractive original fitted shelves.

STUDIO THREE (REAR LEFT HAND SIDE)

with a glazed door to it's own gated courtyard garden to front. En Suite Shower Room.

STUDIO FOUR (REAR RIGHT HAND SIDE)

As before, but with Separate Fitted Cloakroom, and Separate Shower Room with oversized shower, screen and wash hand basin to fitted cupboard. New Worcester boiler (behind the panel).

FIRST FLOOR

An external staircase with under stairs meters and fuse box cupboard, leads up to a PIR lit Porch . Off to the left is the unit known as,

THE GALLERY

Entrance hall with fuse box cupboard, boiler cupboard incorporating Glow Worm combi boiler, large Kitchen/Sitting/Dining Room including appliances as before, bookcases, exposed beams. Bedroom 1 with exposed beams. Adjoining Shower Room as before. Bedroom 2 with wardrobes and off the first floor is a pull down ladder leading to Raised Mezzanine, which is carpeted, decorated and very useful extra space.

THE MINSTRELS

Kitchen as before, open to superb Sitting/Dining Room with minstrel style gallery over, exposed beams, useful under stairs store cupboard, part shelved. Shower Room with good sized shower cubicle. Two Bedrooms and further two second floor Bedrooms with Bathroom having freestanding tub, wc, wash hand basin and tiled floor.

OUTSIDE

The shared approach to the rear courtyard has recently been completely gravelled. There are three allocated parking spaces, external sockets, salt bin and gated metal stairs leading down to the Cellar.

GENERAL INFORMATION

TENURE: The property is understood to be freehold and is sold via the company, Delabere House Ltd. This should be checked by your solicitor before exchange of contracts.SERVICES: We have been advised by the vendor that mains electricity, gas, water and drainage are connected to the property. However this should be checked by your solicitor before exchange of contracts. Gas central heating via three boilers.RIGHTS OF WAY: The property is sold subject to and with the benefit of any rights of way, easements, wayleaves, covenants or restrictions etc. as may exist over same whether mentioned herein or not.COUNCIL TAX: To be re-assessed as either Council Tax or Business Rates.CURRENT ENERGY PERFORMANCE CERTIFICATE RATING: A full copy of the EPC is available at the office if required.AGENTS DECLARATION: In accordance with legislation, the Agent wishes to declare and make prospective buyers aware that a partner of Peter Clarke & Co. LLP is related to the directors of Delabere House Ltd. If any further information is required please do not hesitate to connect the Agent's office. We also recommend independent advice is sought if required.VIEWING: By Prior Appointment with the selling agent.

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Your estimated purchase costs

Find out how much it will cost to purchase this property.

Stamp Duty tax
These figures are estimates and are provided for guidance only
£51,250
Mortgage and legal costs:
£999
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