White Cliff Mill St 6 Room Bed and Breakfast Blandford Forum DT11 7BE £695,000 (£115,833/Room)

Investment Consideration:
Vacant possession
ERV: £52,000 p.a. GIY: 7.48%
VAT is applicable to this property
Comprises Grade II Listed hotel with restaurant and bar
Property benefits from car park for 10 cars
Eleven sizable bedrooms, five bathrooms, three separate WCs
Separate two-bedroom flat and a studio flat
First floor function room and a commercial kitchen
Courtyard, four external stores and separate detached store
Residential development potential, subject to obtaining planning
Located in the heart of the town centre with occupiers close by including Holland & Barrett, Clarks, Lloyds Bank and many more.
Property Description:
Comprises 11-bedroom Grade II Listed hotel with additional studio flat and a separate 2 bed owner`s accommodation. The property benefits from rear courtyard, restaurant with full commercial kitchen and 3 main bar trading areas, providing the following accommodation and dimensions:
Ground Floor:
Reception, main bar, secondary bar, seating, WCs and a studio flat
First Floor:
Function Room, Commercial Kitchen with extraction.
Self-Contained 2-bedroom flat
5 Letting Rooms (4 are en-suite)
Second Floor:
6 Letting Rooms with shared wc`s and shower
Outdoor:
There is a large yard leading to 4 storage rooms, which are located under some of the current first floor rooms, therefore easy to incorporate within the building footprint. There is an additional detached outside building with 2 storage rooms integrated.
Total GIA: 513 sq m (5,522 sq ft)
Location:
Blandford Forum, commonly knows as Blandford, is a market town in Dorset, England, sited by the River Stour about 13 miles northwest of Poole. Blandford lies at the junction of the A350 and A354 main roads but is skirted by an eastern bypass. The property is located in the heart of the town centre with occupiers close by including Holland & Barrett, Clarks, NatWest, Lloyds and WH Smith, amongst many more.