Property Details - Harper Hotel, 29-31 Fordbridge Road, Ashford, Middlesex

Photo of Harper Hotel, 29-31 Fordbridge Road, Ashford, Middlesex

Sold for £2,800,000

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In the same ownership since 1984

Lot 11

This imposing building occupies a corner plot on a popular road close to Ashford Town Centre. The building currently consists of 20 self contained units that are all seperately rated for council tax and also with own electricity meters and supplies. There is ample parking to the front and rear of the premises. The building was originnally an old peoples care home but for many years has been running as a hostel for the homeless. The current owners charge income on a daily rate and gross income is in the region of £360,000 pa although bills are included in this amount, so we understand the net amount to be in the region of £290,000 to £300,000. The rooms are filled mainly via local authorities. The property is sold with the benefit of this ongoing income and will therefore attract interest from investment purchasers. There is also the scope for development or updating of existing flats that will attract builders and developers to the site, that measures approximately 0.3 acres.

ACCOMMODATION

Communal Parts, Small Office, 11 x One Bedroom Flats, 6 x Two Bedroom Flats, 3 x Studio Flats, Grounds and Parking

TENURE

Freehold

LOCAL AUTHORITY & TAX RATING

Spelthorne Council 01784 451499
All Flats are rated as Band A for Council Tax

VIEWING TIMES

Monday 21/3 @ 12.30pm (please confirm attendance)

JOINT AUCTIONEERS

Stamfords Estate Agents, 28 Bath Road, Hounslow, Middlesex TW3 3HJ
0208 572 2626

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

Buyers Premium of £600 inclusive of VAT
Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
Stamp Duty - rates easily available on-line
Your solicitor fees and any survey fees
Insurance - it is your responsibility from the date of exchange to insure the property purchased.

Harper Hotel, 29-31 Fordbridge Road, Ashford, Middlesex

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