Mixed use for sale
Property description & features
- Fully licenced HMO property
- 12 bedrooms
- Fully tenanted achieving £84,240 per annum
- Gross yield 14.15%
- Accommodation for owners located on the ground and first levels
Guests will appreciate the spacious communal lounge/dining area and a well-appointed kitchen, ensuring a welcoming environment for socialising and relaxation. Each bedroom is designated for single occupancy, enhancing privacy and comfort.
The owner's accommodation is spread across two floors, featuring a lounge, four bedrooms, a generously sized kitchen, a dining room, and a bathroom. Access to the rear yard adds further convenience, while an attic room serves as valuable storage space.
Notable amenities include WiFi coverage throughout the property and CCTV surveillance in communal areas, enhancing security and connectivity for residents.
Room rates £135 per week. Tenancy agreements are structured to accommodate this adjustment. Presently, the yield stands at 14.15%, supported by 12 occupied rooms. With the capacity to utilise three additional rooms in accordance with the HMO license. Furthermore, with the potential for future occupancy, the yield could reach an impressive 17.69% at the enhanced rental rate.
Fully compliant with HMO regulations and fire safety standards, this property offers peace of mind to both residents and owners. Furthermore, there's potential for additional growth through modernisation, making it an attractive investment opportunity.
Tenure: Freehold
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 12348139. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Chrystals Estate Agents - Douglas.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.