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8 BEDROOM House For Sale

Palmerston Street, SO51 £950,000 (Freehold)
  • FlatHouse
  • Bedrooms8 Bed
  • Bathrooms0 Bath
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About the property

Period 8 Bedroom Home & Income B & B Enjoying Unrivalled Trading Position in Historic Market Town with Restaurant Potential

LOCATION Crosfield Hall car park (free overnight) approx. 0.1 miles. Broadlands Estate approx. 0.1 miles. Romsey Abbey approx. 0.3 miles. Romsey Railway Station approx. 0.4 miles. Paultons Park/Peppa Pig World approx. 4.5 miles. Southampton City Centre and Cruise Terminal within 9 miles. Southampton (Eastleigh) Airport approx. 9 miles. Marwell Zoological Park approx. 13 miles. National Motor Museum approx. 15 miles.

FEATURES Deceptively spacious period property believed to date back to the early 18th Century. Unrivalled Town Centre trading location. Ideally located for the New Forest, surrounding attractions and businesses. Extensively refurbished in current ownership. Established for over 50 years. Highly rated on review websites with TripAdvisor Certificate of Excellence. Secondary double glazing. Full gas fired central heating with TRVs. Wall mounted flat screen TVs, tea making facilities, fans and luggage stands to letting rooms. South west facing walled garden. Ideal Home and Income. Floor plans available by request.

SUMMARY OF ACCOMMODATION Stone steps leading to: RECEPTION HALL With fire alarm control panel, brochure display. Stairs down to: BASEMENT comprising 2 Large Walk In Store Rooms. Utility Room with plumbing for washing machine, 2 commercial water cylinders, pressurised system and independent trip switch consumer unit. Maintenance Store. Further Room with natural light, grey oak effect laminate flooring with original beams and supports, access to the front of the property, recess storage area (currently being used as a Beauty Salon). Shower Room with low flush WC, pedestal wash hand basin and (restricted height) shower cubicle. DINING ROOM Comfortably seating 16-24 covers with bleached oak effect laminate flooring, dual aspect, feature fire surround with marble inset and hearth, servery cabinet/counter, casement doors onto rear garden. Inner Hall With bleached oak effect flooring, cloaks hanging area. LADIES CLOAKROOM With close coupled WC, contemporary wash basin, part tiled walls and tiled floors, Worcester gas fired boiler. GENTS CLOAKROOM Part tiled walls, tiled floors, close coupled WC, wash hand basin. KITCHEN With extensive range of fitted wall and base units, roll edge work surfaces over, central island preparation unit, triple door low level commercial refrigerator, double drainer double bowl stainless steel sink unit, tiled splashbacks, Rangemaster 5 burner range with double oven and grill, extractor hood over, stainless steel wash hand basin, 4 wipe clean wall planners, tiled floor, stainless steel dishwasher.

Door to: Private Accommodation Inner Hall. Arch into Spacious Living Room with feature bow window, television point, display shelving, tiled hearth. Office Area. Bedroom SPACIOUS DOUBLE with 2 sky light windows, fitted blinds, casement doors to rear patio, en-suite bathroom with half tiled walls, tiled floors, under floor heating, L-shape bath with shower screen and shower attachment over, close coupled WC, vanity unit, storage, heated towel rail, extractor fan, vanity lighting. BEDROOM 8 Inner Lobby and fitted storage. Bedroom DOUBLE with fire escape door to rear garden, large en-suite shower room. NB Bedroom 8 can also be approached independently from Palmerston Street.

First Floor - Landing With built in storage cupboards. BEDROOM 1 SUPER KING/FAMILY 4 (zip and link) with built in wardrobe/storage cupboard, en-suite shower room. BEDROOM 2 DOUBLE with en-suite shower room. BEDROOM 3 SINGLE with en-suite shower room. BEDROOM 4 DOUBLE with en-suite shower room.

Second Floor - Landing With loft access hatch and fitted linen storage cupboards. BEDROOM 5 LARGE SINGLE/SMALL DOUBLE with under eaves storage, en suite shower room. BEDROOM 6 DOUBLE with en-suite shower room. BEDROOM 7 SUPER KING/FAMILY 3 (zip and link) with dormer window, under eaves storage, en-suite shower room. NB Bedrooms 5 and 7 interconnect and can be let as a Family Suite.

Outside - Approached from the front of the property a door leads to a Lobby with main electric cupboard. A further door leads into the shower room of Bedroom 8. Also to the front of the property arched double doors lead to an Integral Garage with original cobble flooring and fitted shelving. NB It is also possible to access the garage via Bedroom 8. To the rear of the property there is a wall enclosed guest's garden mainly laid to lawn with paved edging, raised trough borders and window effect mirrors. A trellis gate leads to a wall enclosed Private Patio Area. Wrought iron gates then lead to a further walled garden, paved with shrub borders, wooden pergola, aluminium framed greenhouse, timber log store, and area of garden (currently used for storage).

TRADING and BUSINESS To the year ended March 2020, with a good mix of leisure and commercial stays, a turnover of £110,000 exclusive of VAT was recorded yielding an EBITDA figure in the region of £42,000. The business has consistently traded above £100,000.

LICENCES/PERMISSIONS We are informed a Premises Licence and an HMO Licence is presently held.

WEBSITE ADDRESS www.thepalmerstonrooms.com

RATEABLE VALUE £5,900 at the Uniform Business Rate of 49.9p in the £ for 2022/23. For the year 2022/23 small businesses with a rateable value up to £12,000 will receive 100% rates relief. Council Tax Band ?A?. Information taken from the Valuation Office Agency website.

£950,000 to include goodwill, furnishings, fittings and equipment as per inventory to be prepared.

Reception 1

Reception 2

Kitchen

Bedroom 1

Bedroom 2

Bedroom 3

Bedroom 4

Bedroom 5

Bedroom 6

Bedroom 7

Bedroom 8

Shower Room

Shower Room

Shower Room

Shower Room

Shower Room

Shower Room

Shower Room

Shower Room

Shower Room

Key features

  • Period 8 Bedroom Home & Income B & B
  • Unrivalled Trading Position
  • Good Mix Of Leisure And Commercial Stays
  • Restaurant Potential

DRAFT DETAILS

We are awaiting verification of these details by the seller(s).

ALL MEASUREMENTS QUOTED ARE APPROX. AND FOR GUIDANCE ONLY. THE FIXTURES, FITTINGS and APPLIANCES HAVE NOT BEEN TESTED AND THEREFORE NO GUARANTEE CAN BE GIVEN THAT THEY ARE IN WORKING ORDER. YOU ARE ADVISED TO CONTACT THE LOCAL AUTHORITY FOR DETAILS OF COUNCIL TAX. PHOTOGRAPHS ARE REPRODUCED FOR GENERAL INFORMATION AND IT CANNOT BE INFERRED THAT ANY ITEM SHOWN IS INCLUDED.

These particulars are believed to be correct but their accuracy cannot be guaranteed and they do not constitute an offer or form part of any contract.

Solicitors are specifically requested to verify the details of our sales particulars in the pre-contract enquiries, in particular the price, local and other searches, in the event of a sale.

Strictly through the vendors agents GOADSBY

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Agent Details

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Ben Tomlinson

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Southampton

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