22-05-2025
- Business
- South Wales Argus
Newport HMOs and care business up for sale at £1.1 million
The properties are being sold by Adre Properties on Zoopla.
The sale is due to the retirement of the current business owner.
This comprises 11 beds spread across two properties, both of which are licensed HMOs.
The business has a Housing Support Grant Contract agreed with Newport City.
The properties have been used for assisted living for contract holders, previously known as tenants.
The business is run by a small, part-time team of staff and a business manager, who operate during daytime hours from Monday to Friday, with reduced hours on Saturdays.
According to the estate agent, there is no need for evening or overnight staffing, meaning a new owner could potentially adopt a hands-off approach to the day-to-day running of the business.
The estate agent also noted that subject to planning, registration, and licensing, there might be potential to change the business model.
The properties and the business are being sold as a whole, meaning they will not be split.
The properties are freehold, with no known covenants, rights, or easements.
They are both traditional builds and are in council tax bands F and E.
Each property has an EPC rating of D.
They both have full fibre broadband available, with all major mobile service providers also operating in the area.
Gas, electric, water, and sewerage are all connected.
Neither property has been flooded and parking is allocated on the driveway for one property and on the road for the other.
The estate agent cautioned that the information provided is obtained from third-party sources and is meant solely for guidance.
While every effort has been made to offer accurate descriptions and information, the estate agent cannot ensure their completeness or correctness and assumes no liability for any inconsistencies or errors found within the information.
Prospective buyers are strongly advised to conduct their own thorough checks and to seek verifications from both their solicitor or conveyancer and a surveyor to satisfy themselves as to the condition and specifications of the property before proceeding with any transaction.
Adre Properties, the estate agent handling the sale, are licensed letting agents in Wales.
They were awarded silver and second-best estate agents in Wales in the Industry Negotiator awards and were shortlisted in the best small letting agents in the UK for the second year.
Prospective buyers should note that all room sizes in the properties are approximate, and that electrical, central heating, plumbing, and drainage installations have only been noted on the basis of a visual inspection.
They have not been tested and no warranty of condition or fitness is implied by their inclusion in photographs, videos or written particulars.
It is strongly recommended that potential buyers make their own inquiries as to the condition of any appliances, installations or any element of the structure or fabric of the property.
The properties will be sold as seen unless advised differently.
