SUzanne Arthur
Sunderland (UK)
Role(s):
sole trader
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Startup
Location:
Sunderland
Industry:
Hospitality
Description:
The business is the purchase of a large Victorian house with 6 bedrooms, 3 reception rooms, 3 bathrooms and 1 kitchen diner.
The property is in very good repair and well decorated throughout and has full gas central heating and partial double glazing. There is also a garden and off road standing for 3 cars.
The proposal is for the purchase of the property and the renting out of rooms to gain revenue. 3 of the rooms could be let as doubles, 3 as singles,
The purchase price of the property is £330,000 and costs of conversion will be £12,000. The purchase costs and solicitors fees will be approx £7,000 totalling £349,000
The basic rents for the rooms are expected to be £140 per week for a single room, and £220 for a double room, ensuring full capacity will mean a revenue calendar monthl