£150,000 /Sale price

FOR SALE BY ONLINE AUCTION - Vacant former public house with planning to create 12 bed HMO development opportunity Description Planning granted for a 12 bedroom, 11 bath (8 ensuite) HMO Opportunity for massive Gross Development Value Unconverted, planning approved with works ready to begin Once developed projected monthly income for 12 rooms with individual rents ranging from £565 to £693 pcm Established residential area approximately 1 mile from Hollywood Retail Park and Barrow Railway Station and 2 miles from Walney Island Popular rental are due to major employers including BAE Systems, the NHS, and key sectors driving strong local employment. Location The property is located on Raglan Street on a residential street overlooking the Salthouse Bowling Club green. It is in close proximity to Hollywood Retail Park and Walney Island. Transport links are provided by both Barrow and Roose Rail Station. Accommodation Currently a vacant former public house with bar and seating areas to the ground floor and landlord accommodation to the first floor. Plans approved for the development of a 12 bedroom, 11 bath (8 ensuite) House of Multiple Occupation, with large communal area and bike store. Planning Westmorland & Furness Council has granted the following planning permission REF: B20/2024/0083 (20-06-2024) For 'Change of use from a public house (Sui Generis) to a 12 bedroomed 12 Person house in multiple occupation (HMO) (Sui Generis), including the erection of an extension of the rear offshoot, the demolition and replacement of the first-floor extension to the rear, the erection of dormer window roof extensions to the side and rear roof slopes and changes to the fenestration on the side (west) and rear elevations'.