Bevois Valley Road, Southampton
- BEDROOMS
11
- BATHROOMS
11
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Investment Opportunity
- Substantial income generator
- Freehold
- Combined gross potential of £148,000 P.A
- 11 Bedroom HMO
- Wine Bar
- Nightclub
- Call To View
Description
An exciting opportunity to purchase the freehold of a commercial premises containing a world renowned Nightclub, wine bar and an 11 bedroom HMO.
The current owners first opened Clowns in 1987 before buying Jesters two years later and alongside their sons have created a world famous bar and nightclub that has been the destination for thousands, being affectionately dubbed the "Palace of Dreams”.
The Official Clowns and Jesters Facebook group has 7.6K follows a testament to how well loved this venue is.
The current owners will grant a new 10 year lease on the Bar & nightclub at a rent of £48,000 P.A
The HMO has the potential of a Gross income of around £100,000 P.A
Combined gross potential of £148,000 P.A
Providing the new owner a substantial income generating investment from day one at around an 8% yield.
Viewings strictly by appointment only.
Aml - Agents are required by law to conduct anti-money laundering checks on all those buying a property.
We outsource the initial checks to partner suppliers Coadjute who will contact you once you have had an offer accepted on a property you wish to buy.
The cost of these checks is £48inc vat per person. This is a non-refundable fee.
These charges cover the cost of obtaining relevant data, any manual checks and monitoring which might be required.
This fee will need to be paid and the checks completed in advance of the office issuing a memorandum of sale on the property you would like to buy.
Material Information - Southampton - Tenure Type; Freehold
Council Tax Banding; N/A
Brochures
Bevois Valley Road, Southampton- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Bevois Valley Road, Southampton
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Visit our security centre to find out moreDisclaimer - Property reference 33989166. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hunters, Southampton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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