Buckingham Road

Auctioneer's Comments

This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Agents Note:

This bed and breakfast is more than just a property; it's a thriving business with a fantastic reputation, particularly known for its successful events during the Formula One races. Its prime location near this renowned motorsport venue draws a consistent influx of guests, making it a favoured choice for racing fans and travellers alike.

The spacious accommodations provide a blend of comfort and luxury, ensuring guests enjoy a welcoming atmosphere. The generous outdoor areas enhance the experience, perfect for relaxation or social gatherings. This property is an excellent option for aspiring hospitality entrepreneurs ready to enter the sector or expand their existing portfolios, as its established reputation and steady demand lay a strong foundation for ongoing success.

With a current income of £80,000 and the potential to surpass £150,000 annually, this investment opportunity is particularly appealing. The inclusion of two garden lodges and the approved planning permission for another four additional units inside the property present further avenues for revenue growth, enabling the new owner to maximize profitability while offering guests unique and memorable accommodations.

This truly remarkable investment combines comfort, profitability, and a warm atmosphere for visitors. If you're interested in learning more about specific features, financial prospects, or the vibrant local scene, I would be delighted to provide further insights!

Agents Note:

"Please note that an AML fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead."