HMO Business & self-contained flats, 79 Parrock Street, Gravesend, United Kingdom, DA12 1HF

Seven freehold properties ranging in size, from 3 bedrooms up to 18 bedrooms. Two properties have HMO licenses, 4 properties have residential use class and one property has guest house use.

The properties in which the business operates are located in North Kent, making them easily managed.

Planning Use Classes
• Granby Place & 84 Parrock Street – C4 HMO
• 81, 82, 83a Parrock Street & 76 Birling Road – C2 Residential
• 79 Parrock Street – C1 Guest house

The business has been established and in the same family for many years and has built up strong relationships with a number of local authorities to provide housing.

Alongside the freehold properties, the business rents other property as demand dictates.

With the owners of the business now wishing to retire, it is of our opinion that an incoming owner can expand this business further or add to an existing portfolio of similar property.

It is rare to find such a large portfolio of HMO's and other letting accommodation come to market, so interest is expected to be strong. Capability of adding to an existing portfolio of similar properties if you have them, or as a stand alone business.

The business is run by overseeing owners, with a complement of staff who deal with the day-to-day running.

For the year ending March 2024, the trading data shows a turnover of £713,000.