Detached house for sale in Dundee DD4, 7 Bedroom

Reference - 46119

Description
Morgan Guest House is an extremely well run business that has been run by the current proprietors for over 26 years. The property has been placed on the market due to the current proprietor’s impending wish to retire. The guest house currently trades as an hmo business, offering 6 self contained rooms. The business has been trading successfully for over 26 years with many long standing residents. The business is easily ran by the current vendor, and offers an excellent investment opportunity, or as an easily managed semi- retirement business.
There are 6 self contained letting bedrooms. All of the bedrooms have a small kitchenette area, with fitted units, sink and cooking facilities. The rooms share a communal shower room on the first floor, together with a second WC.
Owners Accommodation
The owner’s accommodation is located on the ground floor of the property. The owners comprise, Double bedroom, lounge, kitchen and bathroom.

Situation
Dundee officially the City of Dundee, is Scotland's fourth largest city and the 51st most populous built-up area in the United Kingdom. It lies within the eastern central Lowlands on the north bank of the Firth of Tay, which feeds into the North Sea. Under the name of Dundee City, it forms one of the 32 council areas used for local government in Scotland.
Today, Dundee is promoted as 'One City, Many Discoveries' in honour of Dundee's history of scientific activities and of the rrs Discovery, Robert Falcon Scott's Antarctic exploration vessel, which was built in Dundee and is now berthed in the city harbour. Biomedical and technological industries have arrived since the 1980s, and the city now accounts for 10% of the United Kingdom's digital-entertainment industry. Dundee has two universities—the University of Dundee and the Abertay University. In 2014 Dundee was recognised by the United Nations as the uk's first unesco City of Design for its diverse contributions to fields including medical research, comics and video games
A unique feature of Dundee is that its two professional football clubs have stadiums all but adjacent to each other and
Morgan Guest House occupies a prominent location on Forfar Road, close to all local amenities and is a 10 minute walk from the Town Centre. The Baxter Park is a 2 minute walk away with its tranquil green spaces and walks.

Building Internal
Morgan Guest House is a traditionally built detached property set over two floors.

The main entrance is from the front which in turn leads into a well presented reception hallway. The hallway is tastefully decorated and gives access to all areas private and public. On entering the private owners lounge is located directly to the right. The lounge is well presented and benefits from a feature fireplace with electric log burner effect stove. The lounge further benefits from a large bay window offering outlooks to the front gardens. To the left of the reception hallway you will find the owners bedroom and private bathroom. The bedroom is of good proportions and is tastefully decorated, in keeping with the property. The bathroom benefits from a modern white 3 piece suite with electric shower over the bath.

Again located off the the reception hallway, you will find the kitchen to the left. The kitchen has recently been refurbished. The kitchen benefits from fully fitted wall and floor cupboards, together with integrated appliances. Off the kitchen, there is a small utility room, housing washing machine and tumble dryer. In addition the kitchen gives access to the patio area to the side of the property.

Also located on the ground floor you will find the first of the self contained letting bedrooms. The further five letting rooms are located on the first floor

As expected with a property the style and size of Morgan Guest House, there are ample service and storage areas.

Building External
The property sits commandingly on Forfar Road, within its own grounds. The property benefits from a large driveway, off Forfar Road, with ample parking for 8 cars. In addition there are mature gardens to the front and side. The gardens benefit from a high hedge, offering privacy, together with a slabbed patio area, mature borders and lawn.

Services
We are advised the property has all mains services

Tenure
The property is held on the Scottish equivalent of Freehold.

Summary
The sale of the Morgan Guest House offers a rare opportunity to purchase a high quality, beautifully presented City property which is trading well, offering an excellent investment opportunity.

Inventory
An inventory will be available on request.

Viewing
Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

Call to Action
The business trades with the benefit of a full hmo Guest House Licence, and conforms to all fire regulations. The licence has been renewed in November 2017 for a three year period.

Trading Figures
The business trades all year, with a weekly room rental of £120, inclusive of all services. The Owners have had no problems with renting rooms out long term.

Oiro £549,950 are sought. Stock in trade will be additional at valuation.

Offers
All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.

Further Information
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Bruce & Co
Bruce & Co is the trade name of Bruce & Co Ltd. Registered in Scotland No: 190660.