Status: Completed
Tenure: Freehold
Turnover: £54,000
Fantastic Serviced Self Catering Holiday FlatsFantastic Serviced Self Catering Holiday FlatsFantastic Serviced Self Catering Holiday FlatsFantastic Serviced Self Catering Holiday FlatsFantastic Serviced Self Catering Holiday FlatsFantastic Serviced Self Catering Holiday FlatsFantastic Serviced Self Catering Holiday FlatsFantastic Serviced Self Catering Holiday Flats
£599,995 + SAV

Fantastic Serviced Self Catering Holiday Flats

Completed
  • Reference: 1977
  • Location: Glasgow, Glasgow City
Hilton Smythe welcomes to the market these fantastic self catering holiday flats located in the heart of the city close to Merchant City. Owned by our client since 1989 the business genuinely comes to the market as our client looks towards retirement.

This stunning building was originally designed by Robert Adam in the 1700's and has been restored and converted into six serviced self contained flats. The flats offer a highly competitively priced alternative to hotel accommodation. The business further benefits from secure parking.

Each flat is tastefully furnished in a period style in keeping with the architecture of the building, with lovely period features, but with modern facilities including washer/dryer and Wi-Fi.

We believe the business has tremendous scope for improvements, perhaps, redeveloping the flats into luxury apartments and take advantage of the higher end market. Therefore, allowing an increase in rental potential and taking the business to the next level.

Alternately, we believe the business would benefit from further advertising to promote awareness. In particular to either the high level of students living in the city or target market the abundance of local businesses to try and secure regular contractor accounts to ensure consistent levels of occupancy.

Naturally, early viewing of this prime location business is highly recommended.

TENURE

We are advised freehold.

HOURS

The business trades 7 days a week, 365 days a year.

STAFF

The business is owner run and managed with the assistance of 2 to 3 members of staff.

FINANCIAL PROFILE

The business reports a healthy turnover of £54,000 with reported gross profit at £45,000.
The business is located in the heart of the diverse cosmopolitan City of Glasgow.

This stunning Georgian town house is just a short stroll away to the The Peoples Palace and Winter Gardens and the River Clyde beyond and the popular Merchant City.

Number 52 Charlotte Street houses self catering flats which are a fantastic base for exploring this bustling city, with its abundance of good restaurants, public bars and vibrant nightlife, not to mention the host of good retail outlets from well known high street stores to the up-market Princes Square and Italian Centre specialising in designer labels.

Glasgow is also home to many cultural venues including the Theatre Royal, The Pavilion Theatre, Glasgow Royal Concert Hall and the city is home to four of Glasgow's higher education institutions. The city was one of the first in Europe to reach a population of 1,000,000.

As you would expect from a city the region has excellent public transport links with several railway stations serving the area. The Subway, the countries only completely underground metro system and the M8 connects the city to the national motorway network.
This prominent premise briefly comprises-:

Spacious hall with tiled floor with feature solid wood front door, cupboard under the stairs and fine Rosewood table displaying literature. Glass window allows light.

The flats on the ground and first floors are similar in general layout. The attic flats are different in character, and have coombed ceilings in the bedrooms.

Flat 1 and Flat 2 are both on the ground floor and briefly comprise:- Stunning feature fireplace, solid hard wood table, double bedroom, kitchen and bathroom.

Flat 1
Hall 4ft 11in x 6ft 06in
Sitting Room 12ft x 14ft 09in
Bedroom 9ft 10in x 11ft 10in
Kitchen 6ft 11in x 9ft 06in
Bathroom 5ft 03in x 7ft 06in

Flat 2
Hall 4ft 11in x 6ft 06in
Sitting room 12ft x 14ft 09in
Bedroom 9ft 06in x 12ft x 02in
Kitchen 6ft 10in x 9ft
Bathroom 5ft 05in x 7ft 06in


The first floor houses flat 12 and flat 11.
Flat 12 consists of a single bedroom, double bedroom, bathroom with shower, kitchen, sitting /dining area.

Flat 11 has a double bedroom, bathroom with shower, newly fitted kitchen, hallway, dining area and spacious lounge.

Flat 11
Hall 4ft 11in x 6ft 11in
Sitting room 11ft 06in x 14ft 09in
Bedroom 9ft 02in x 12ft 06in
Kitchen 6ft 11in x 9ft 02in
Bathroom 5ft 03in x 6ft 03in

Flat 12
Hall 4ft 11in x 6ft 06in
Sitting room 11ft 06in x 14ft 09in
Study 7ft 06in x 7ft 10in
Bedroom 9ft 04in x 12ft 06in
Kitchen 6ft 11in x 9ft 04in
Bathroom 5ft 03in x 7ft 10in


On the top floor are rooms 21 and 22 both with a double bedroom with ample storage space, bath/shower with further storage in the hall, fully fitted kitchen with substantial sized lounge.

Flat 21
Hall 4ft 07in x 7ft 10in
Sitting room 11ft 10in x 15ft 01in
Kitchen alcove (off sitting room) 4ft 05in x 10ft 02in
Bedroom 10ft 06in x 12ft 02in
Bathroom 6ft 06in x 10ft 02in

Flat 22
Hall 4ft 07in x 7ft 10in
Sitting room 11ft 10in x 15ft 05in
Kitchen alcove (off sitting room) 4ft 03in x 9ft 10in
Bedroom 10ft 06in x 12ft 02in
Bathroom 6ft 06in x 10ft 02in

The specifications for each flat includes the following:-
Fully automated electric water heating
White meter storage heater in sitting room
Time-controlled panel heater in bedroom
Fitted kitchen units
Automatic washing machine/tumble dryer in kitchen
Vinyl flooring in kitchen and bathroom
Tiling in bathroom around bath, and in the kitchen above units.
Wood panelling in bathroom to mid-wall level
White bathroom suite
Over-bath shower, with rail and curtain
Heated towel rail in bathroom
Shaver point, light and mirror in bathroom
TV point in living room
Telephone point in hall
Entry-phone in hall
Panelled internal doors (including cupboard doors)
Reproduction period fireplace in sitting room
30-year guarantee against fungal and wood-boring insect attack
Chemical damp-proof course
Letter rack in vestibule.