Quebec Road > Norwich > Norfolk

COMMERCIAL INVESTMENT / GUEST HOUSE / HMO: This highly attractive property offers an exceptional investment opportunity in the heart of Norwich. Recently converted and extended from a former public house in 2020, the property has been designed and fitted to a modern standard, providing 12 high-quality en-suite letting rooms. With strong existing income from professional tenants, and the potential for increased revenue through short-term letting opportunities, this is a versatile and well-positioned investment.

THE BUSINESS:

The business currently generates an impressive gross yearly income of around £98,640, with each room let on a monthly basis to professional individuals. With 12 en-suite letting rooms, including 7 with kitchen facilities, this property offers the flexibility to cater to long-term tenants or adapt for short-term rentals such as B&B or Airbnb. The property is in excellent condition throughout, featuring modern fittings, multi-jet shower cubicles, and Wi-Fi coverage. The location, less than 15 minutes from Norwich Station, adds further appeal for both tenants and potential future guests.

The property also has potential for further growth, particularly for a buyer interested in maximizing occupancy through nightly or weekly rentals, boosting the already healthy gross yield of 10.0%.

PREMISES:

The premises were thoughtfully converted from a former public house in 2020, offering contemporary and well-appointed accommodation throughout. All 12 rooms are ensuite, with 7 featuring kitchen facilities, and 5 equipped with sinks. One room has been specifically designed for disabled access, featuring a wet room. The property is gas centrally heated, with the benefit of a backup boiler, ensuring consistent comfort for tenants.

Communal areas include a kitchen and dining space, providing additional convenience for tenants. The premises are presented in excellent order, with modern fixtures, multi-jet shower cubicles, and stylish fittings throughout. Disabled parking spaces are available at the front of the property, and there is ample nearby parking in adjacent council-owned car parks, which are free to use.

KEY INFORMATION:

AGENTS NOTE: This is to be sold as a going concern.

CONFIDENTIAL INFORMATION: In order to release further information on the business - such as the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required.

REFERENCE NUMBER: INV36082E.

TENURE: Freehold.

COUNCIL TAX: Council Tax £4,570 per annum.

STAFF: None.

EPC: The Energy Performance Certificate shows a rating of '47/B'. The full document is available on request.

PRICE: £985,000.--. For the benefit of the freehold premises, fixtures, fittings and equipment.

Please note that there is an Option to Tax on this property. It is being sold as a transfer of a going concern and providing the conditions are met for the sale as a transfer of a going concern (TOGC) there will be no VAT payable on the sale of the property. If these conditions are not able to be met then the buyer will be required to pay the VAT due on the agreed sale price.

VIEWING: Viewing is strictly by appointment only. Please contact us at your earliest convenience to schedule a time that suits you.

FINANCE: If you require assistance with business financing or commercial mortgages (subject to eligibility), we may be able to help. Let us know if you would like our support, and we will gladly put you in touch with our recommended whole-of-market broker.

BUSINESS TO SELL: Thinking of selling your business? That's our specialty. If you're curious about its value, we offer a free, confidential valuation service. Simply pick the day and time that work best for you, and we will provide an honest, professional assessment. Feel free to get in touch with our office at your convenience to book an appointment.

PREMIER MARKETING: We are passionate about showcasing each business in a way that truly stands out. Our listings include high-quality property details and comprehensive information across all major online platforms, as well as our own website. If you want your business to shine, call us to arrange a complimentary valuation.

DISCLAIMER:

1. MONEY LAUNDERING REGULATIONS: Prospective buyers will be required to provide identification documentation and proof of funding during the purchasing process. Cooperation is appreciated to ensure the sale proceeds without unnecessary delays.

2. PARTICULARS: While we strive to ensure all information is accurate and reliable, it serves as a general guide only. Should any particular details be of special importance, please contact us so we can verify the information before you travel to view.

3. MEASUREMENTS: Provided room sizes are approximate and intended solely for general guidance. Prospective buyers are advised to independently verify all measurements to ensure accuracy.

4. SERVICES: Please note we have not tested the services or any of the equipment or appliances.