Eleven unit licensed HMO including a two bedroom apartment
Centre of town
Planning for conversion to eight self contained apartments
Currently providing over £92,000.00 annual rental income
Total sq ft approx 4600
In its own SPV, so Stamp Duty limited to 0.5%
No CIL payable on the proposed development
Each flat is entitled to a parking permit
Opposite the famous Long walk
Virtual viewings available
Marshalls is delighted to bring to the market this prestigious and unique detached property. It benefits from being sold as a going concern held in its own limited company, meaning large Stamp Duty savings. Currently arranged as a combination of HMO and private units (11 in total), planning permission has been obtained to convert to eight one bedroom apartments, providing a considerable mark up on the sales price.
The property is located in the heart of the desirable ‘Golden Triangle’ area of the town, a stones throw from Windsor’s famous Long Walk, with access to all of central Windsor’s amenities as well as access to important transport links, M4, M25 and M40, Heathrow airport and no less than two mainline stations.
Gower Lodge as it is known, is one of Windsor's most beautiful Victorian properties. Reputedly Oscar Wilde was a frequent visitor and he had a deep affection for the property.
The house is currently divided into a combination of 10 HMO units and self-contained flats, as well as a self-contained two bedroom flat to the side of the property, which is included in this sale. There is a cellar and rear courtyard with additional storage. There is a mature front garden with a parking space. The current units and the proposed apartments are each entitled to a parking permit. The property is currently providing over £92,000 of annual income and the properties are extremely popular (no voids for over four years). Planning permission has been obtained to create eight self contained apartments, the sale of which would provide a considerable mark up on the sales price. Estimates can be provided. Floorplans are attached for how it is now, and for the proposed floorplan for the eight apartments.
The property is held in its own SPV (Special Purpose Vehicle), so Stamp Duty is limited to 0.5%, providing huge savings. No Community Infrastructure Levy is payable on the proposed development.
The property could be returned to its original use (subject to the necessary consents) to provide a beautiful family home. Total sq ft is approximately 4600.
For further details on this property please call us on: 01753 794606