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7 bed property
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Our Summary
- This is an exceptional opportunity for investors seeking a mixed-use commercial and residential property with strong existing income, multiple access points and significant future development potential
- The current ground floor benefits from planning permission for either a guest house or a self-contained apartment, creating further development potential
- Combined with the established HMO business on the upper floors, this provides an attractive opportunity for a range of residential, commercial or mixed-use investment strategies, subject to the necessary consents
- The existing HMO business provides a strong and established income stream, having previously been advertised as generating a gross rental income of approximately £62,520 per annum, with scope for further growth
- Benefits from planning permission for either a guest house or a self-contained apartment and includes one allocated parking space
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Description
The property is a Grade II listed Georgian building located in the heart of Stroud town centre, spanning approximately 3,200 sq ft across four floors. It features a commercial premises on the ground floor, a successful House in Multiple Occupation (HMO) on the first and second floors, and a proposed self-contained apartment on the lower ground floor. The property has a total of approximately 20 rooms, including bedrooms, communal kitchen facilities, bathrooms, a shower room, and separate W/Cs.
Externally, it benefits from a gated driveway and off-road parking for several vehicles, recently resurfaced with new tarmac. The property retains an abundance of original Georgian character, including sash windows, fireplaces, and period detailing.