9 bedrooms For sale

'The Elms' 24 De Parys Avenue, Bedford, MK40

GP - £650,000
 
 
 
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  • Description

    Spacious semi-detached property recently used as a Guest House but with potential for conversion.

    Spacious semi-detached property recently used as a Guest House but with potential for conversion back to a family home, flats or some form of residential use (STPP).
    Summary
    Rarely available, spacious Victorian semi-detached property which was originally a private dwelling house, but currently used as an hotel / guest house with 9 en-suite guest rooms, plus a further two letting rooms, one shower room, managers accommodation and communal dining room.
    Potential to convert back to original residential use or some form of residential development (subject to all necessary consents) i.e. Flats or HMO.
    A shared vehicular right of way to the side of the property provides access to a potential parking area at the rear of the property.
    The internal floor area over three floors extends to c3,100 sq. ft. gross internal area (i.e. inclusive of all en-suits, stairs, corridors and ancillary spaces)
    The property will be sold with vacant possession.
    Location
    The property is in a very desirable premier residential area in a tree lined avenue, next to Bedford School. The property is a two minute walk from both Bedford Park and Bedford town centre and just ten minutes from Bedford railway station. Bedford main line railway station has fast, frequent trains to London St Pancras International. Bedford is 14 miles to the east of Milton Keynes and 25 miles to the west of Cambridge and is conveniently situated for access to the A421 dual carriageway linking the A1 and M1 motorways.
    Existing Property
    The existing property is a substantial Victorian semi-detached property in good decorative order throughout with numerous original Victorian features eg. Original fireplaces, high ceilings, decorative cornice and skirtings, panel doors and sash windows. The entrance hall still retains the original mosaic tiling with additional quarry tiled flooring throughout the remaining ground floor corridors and kitchen. Externally there is an existing gravel drive to the left of the property with parking for one vehicle leading to a secluded west facing walled garden laid mainly to lawn with a large brick out-house and garden shed.
    Existing Business
    The property which has had only 2 owners in the last 20 years has most recently been used as a guest house, which could be continued or expanded into for example a boutique hotel. The property is in an excellent trading location for Bedford and is well established for serving the Bedford business and leisure communities. It has historically enjoyed a high level of regular and repeat trade. The guest house has been trading under the VAT threshold as the owners had other interests so there is potential to develop the business further by opening more weeks of the year and weekends. The business run in the current configuration was awarded a Trip Advisor certificate of excellence and rated 4.8 out of 5 in customer reviews. The existing managers accommodation is separately rated for community charge from the main business property.
    Existing Accommodation
    The ground floor accommodation used by the current owner comprises a 1 bedroom flat with 1 en suite bedroom (which could be let as a separate studio or family room) a large lounge/study/dining room, family bathroom, kitchen and utility/laundry room. There is planning and building regulation approval for extending the flat which would provide improved accommodation, a larger sitting room with garden views and an additional bedroom.
    Guest accommodation is split over 3 floors, excluding the ground floor studio. The guest accommodation comprises 11 rooms: 5 large en-suite family rooms, 3 double/twin en-suite rooms, 1 single en-suite and a further 2 non en-suite plus shower room and WC. There are walk in storage cupboards on the two principle floors. On the ground floor there is a stunning breakfast room seating up to 20 people with views out onto Bedford School and the lovely tree lined De Parys Avenue.
    Planning
    The property has been used in recent years as a Guest House (C1 use).
    Planning consent was approved in October 2014 (ref 14/02198/FUL) for a single storey rear extension to the managers flat.
    A pre-app was recently submitted for the conversion of the building into self-contained apartments, this principle has received positive support from Bedford Council Planning Department (a copy of the response is available on request).
    There is also the potential (STPP) to convert the property to one large family home or residential use as a HMO.
    All forms of development may be liable to a ?Community Infrastructure Payment? at the rate of �125 per sq. metre, interested parties would need to confirm this.
    Services
    It is believed that mains drainage and all utility services are connected to the building but purchasers must satisfy themselves with respect to capacity.
    Fire Exits
    Please note that there are two existing fire exits located on the first and second floors linking this property to the adjacent property.

    Viewings
    Strictly by prior arrangement through Compass.
    Tenure
    The property is freehold.
    Terms
    Guide Price - �650,000.
    Unconditional offers are invited subject to contract only.
    Conditions of Sale:
    1) The purchaser is to exchange contracts within 30 ?working? days from receipt of contract documentation by their solicitor.
    2) Legal completion is to take place following exchange of contracts on a date agreed between vendors & purchaser.
    Contact
    Compass Land and Development on 01234 351577
    Compass Land & Development for themselves, and for the vendors of the land, whose agents they are, give notice that; (A) These particulars are produced in good faith, but are set out as a general guide only and do not constitute any part of a contract; (B) No person in the employment of Compass Land and Development has any authority to make or give any representation or warranty what so ever to the land. These details are presented subject to Contract and without prejudice. MAY 2018.

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