Redevelopment Opportunity – Blackburn

Cherry Lodge (2) Cherry Lodge (4) Cherry Tree Lodge (12) Cherry Tree Lodge (13) Cherry Tree Lodge (14)

  • 30 Bedrooms.
  • Close to Blackburn Town Centre and adjacent to the Wainwright Bridge.
  • Prominent location on main arterial road.
  • Island Site.
  • Self contained flats or single bedrooms (not included_
  • PRICE: £500,000
  • EPC Rating – D

This excellent business opportunity provides accommodation as a registered H.M.O. At present the business is operating on a reduced occupancy level due to the owner wishing to pursue other business interests. The current owner is involved in the day to day running of the business but is not replacing tenants as they leave to facilitate the sale of the building.  No marketing or promotion of the business has recently been undertaken as the business is well known in the area.

In the past new clients come through the Council and Probation Services and also consists of social leads and clients on benefits. There has been a decline in the provision of emergency housing in the Borough and the business has benefitted from this. There is potential to provide accommodation for Asylum Seekers.

At the time of inspection there were 30 single bedrooms, all with hand wash basins but some with bathrooms. Canteen/kitchen areas are all shared. Also there is managers accommodation

Price: £500,000
Description/Location: Redevelopment Opportunity - Blackburn
Bedrooms: 30
Bathrooms: 15

Additional Features: