30 bedroom apartment for sale

Tenure: Freehold

Ref: 2628 - SUPERB FREEHOLD MULTI LETTING ACCOMMODATION COMPLEX
4 properties each with multiple occupancy and various accommodations
Advised annual turnover of £138,000 with good gross profit returns
Neighbouring business opportunity for sale The Royal Hotel (2627)
Early interest and viewing is highly recommended
Sale price includes all general fixtures and fittings
Ideal investment and development opportunity
Ideal trading location in Avonmouth, Bristol
Huge scope for future growth
FREEHOLD


Location

This excellent freehold accommodation complex has an ideal trading location situated in the highly desirable area of Avonmouth which is in Bristol. The properties stand proud, neighbouring the Avonmouth Railway Station and the entrance to the shopping district. The location is ideal as it has a wealth of neighbouring business; ports and attractions, easy access to shopping and entertainment facilities whilst, being only a stone’s throw away from two major motorway links. Avonmouth is located at the mouth of the River Avon, on its north bank and on the Severn Estuary. The large ports Avonmouth Docks and The Royal Portbury Dock are situated in the area. The area is home to several large chemical manufacturing plants and a gas fired power station with a good selection of corporate businesses. The location sits less than 8 miles away from Bristol city centre and, due to its many motorway links, has easy access to Newport, Cardiff, Weston-super-Mare, Swindon and Gloucester. Motorway links to the M49 and M5 are less than 1 mile away and connect to the M4 in less than 8 miles, making visiting and commuting very easy.


Business History

Meridian Business Sales are delighted to offer for sale this superb freehold accommodation complex which was established by our client in 2001, who is only now placing it onto the market due to his strong desire for retirement. The business, which is run and managed with the assistance of staff, achieves a very respectable advised annual turnover of £138,000 which is derived from offering long term guest accommodation services to a wide range of customers throughout the year. The complex offers low cost accommodation which is ideal for many workers and long term visiting foreigners as the accommodation offers self contained facilities with an excellent communal kitchen. Our client is very generously including all fixtures and fittings into the sale price which is a big plus for a new owner as additional funds will not need to be spent for the foreseeable future. The property has a wealth of potential and redeveloped usages which give a new owner endless options on the properties configuration and future use, subject to planning. We would like to urge very early interest in this opportunity as properties of this calibre rarely appear onto the market. Our client also has a neighbouring opportunity on the market The Royal Hotel (2627) additional information is available from Meridian Business Sales Ltd.

Financial Profile
Turnover: £138,000pa
Stock approximately: £8,000

Tenure

We are advised freehold

Opening Hours

Trades all year round

Accommodation
The Royal Complex consists of 4 properties (including basement floor) offering multiple occupancy and various ranges of accommodations, there are 3 properties occupied with multiple single bedrooms to self contained flats, house 10 is currently used as storage and additional private living space plus there is free of charge roadside parking with neighbouring communal car park, briefly comprising of:

House 10
Room 100 - 2 Singles

Room 101 - Twin

Room 102 - Single

Room 103 - Single

Room 104 - Twin with en-suite

Room 105 - Twin

Room 106 - Single with en suite

Room 107 - Single

Flat 108 - 3 Singles

Room 109 - Double

2 x laundry rooms

2 x communal bathrooms

Conservatory

Back courtyard area

House 20
3 storey property currently used as storage space and part private owners’ and employee accommodation.

Additional guest accommodation area.

Multiple accommodation usage or private owners’ accommodation.

Back courtyard area.

House 22
Room 221 - Twin with en-suite

Room 222 - Single with en-suite

Room 223 - Twin with en-suite

Room 224 - Twin with en-suite

Room 225 - Twin with en-suite

Room 226 – Single


Room 229 – Single

Room 230 – Double

Room 231 – Double

Room 232 – Single

Flat 233 - Double with en-suite

Room 234 – Single

Room 235 - Single with en-suite

Communal kitchen

Communal bathroom

Communal laundry

Back courtyard area
House 24
Flat A rooms 241 / 242

Flat B room 243

Flat C room 245 (under renovation)

Flat D room 247 (under renovation)

Studio E room 248

Studio F room 249

Flat Lower Ground rooms 250 / 251

Communal kitchen

Communal bathroom

Communal laundry

Back courtyard area