Mixed use for sale

Teignmouth TQ14

01803 268044

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Mixed use

0 bed

0 bath

Property description & features

9 Bed Investment Property (Formed of 2 Separate Houses in Multiple Occupancy)
Comprising 44a (3 Bed) HMO and 44b (6 Bed) HMO
High Return Investment in Popular Location
Gross Rental Income of £60,180 (When Fully Let)
Gross Initial Yield of 15.06%

A desirable alternative to those looking at traditional buy-to-let this pair of HMOs offer an attractive return and a large number of rental units all within one location. This is an excellent example of an HMO, suitable for first time investors or those looking to expand their portfolio.

Situated in Teignmouth, a popular seaside town, the property comprises two HMO. Sharing one communal access to both 44A and 44B this is a well presented and contained investment property.

ENTRANCE HALLWAY
Leading to:-

44A GROUND FLOOR

ROOM 1
Size: 15m2. With KITCHENETTE.

ROOM 2
Size: 13m2. With KITCHENETTE

ROOM 3
Size: 13.8m2. With KITCHENETTE.

ONE COMMUNAL SHOWER ROOM

44B FIRST FLOOR

ROOM 1
Size: 13.5m2. With KITCHENETTE.

ROOM 2
Size: 14m2. With KITCHENETTE.

ROOM 3
Size: 14m2. With KITCHENETTE.

44B SECOND FLOOR

ROOM 4
Size: 13m2. With KITCHENETTE.

ROOM 5
Size: 13m2. With KITCHENETTE.

ROOM 6
Size: 13m2. With KITCHENETTE.

TWO COMMUNAL SHOWER ROOMS

RENT SCHEDULES (Passing Rent)
Unit 1 £475 PCM. Unit 2 £475 PCM. Unit 3 £515 PCM. Unit 4 £475 PCM. Unit 5 £525 PCM. Unit 6 £525 PCM. Unit 7 £475 PCM. Unit 8 £515 PCM. Unit 9 £500 PCM.

COUNCIL TAX
44A - Band A. 44b - Band B.

EPC RATING
44 Higher Brimley Road - E.

VIEWING
Viewing is highly recommended and can be arranged strictly by prior appointments with the Agents, Bettesworths.

HMO LICENSING SCHEME
We are informed that the property is defined as an HMO for licensing purposes but the current licensing status is unknown and to be assumed unlicensed until licenses are confirmed. Interested parties are advised to make their own enquiries as to licensing requirements with Teignbridge Council Housing Standards Team.

Tenure: Freehold

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Bettesworths - Torquay

30 Fleet Street Torquay, Devon TQ1 1BB

01803 268044

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Bettesworths is a family owned and operated company, successful in property since 1943. Bettesworths is an independent family business, owned and run by the third generation Chartered Surveyor Directors, Matt & Paul. We have an experienced team, highly skilled and expert in delivering a broad range of services to clients looking for the very best results. Our breadth of experience across all property sectors, the depth of our day to day involvement and our technical knowledge gives Bettesworths an unrivalled platform from which to provide advice to meet our clients’ needs. Our clients range from private individual property owners and occupiers to PLC institutions. We ensure each and every one is best supported with a service with which to meet the challenges and changes in the market and their own circumstances. We offer free initial consultations without obligation, so please contact a member of our team to discuss your requirements.

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