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Mixed use
Property description & features
- Spacious HMO Investment Opportunity
- 7 Bedroom HMO with En Suite Facilities
- Gross Rental Income of £47,160 Per Annum
- Gross Initial Yield of 14.5%
- Rooms Fitted with Electric Sub Meters
COMMUNAL KITCHEN
Smartly presented with ample storage space. Communal cooker and white goods.
UTILITY ROOM - 8' 6'' x 5' 7'' (2.6m x 1.7m)
Fitted with coin fed washing machine and tumble drier.
ROOM 1 - 12' 10'' x 12' 6'' (3.9m x 3.8m) (max)
Including en-suite.
ROOM 2 - 11' 10'' x 13' 5'' (3.6m x 4.1m) (max)
Including en-suite.
ROOM 3 - 13' 9'' x 11' 10'' (4.2m x 3.6m) (max)
Including en-suite.
ROOM 4 - 9' 6'' x 14' 5'' (2.9m x 4.4m) (max)
With separate private bathroom.
ROOM 5 - 12' 6'' x 12' 10'' (3.8m x 3.9m) (max)
Including en-suite.
ROOM 6 - 13' 5'' x 11' 10'' (4.1m x 3.6m) (max)
Including en-suite.
ROOM 7 - 13' 9'' x 11' 10'' (4.2m x 3.6m) (max)
Including en-suite.
EXTERIOR
To the rear of the property there is an enclosed courtyard shared with the commercial premises next door, which is utilised as a bin store. To the front of the premises there is communal garden space for the use of the tenants.
RENT
The rooms are rented at the following rates. Room 1£550pcm£6,600p.a. Room 2£550pcm£6,600p.a.Room 3£550pcm£6,600p.a.Room 4£580pcm £6,960p.a. Room 5£550pcm£6,600p.a.Room 6£600pcm£7,200p.a. Room 7£550pcm£6,600p.a.Total: £3,930pcm. £47,160p.a.
UTILITIES
Rents are inclusive of water and council tax. Each room has an electric card sub meter which the tenants are responsible for.
TENURE
The property is held on a 999 year lease from 22nd August 2014 and is being sold subject to the occupational ASTs.
COUNCIL TAX BAND C
EPC RATING E
VIEWING
Viewing is strictly by prior appointment with the Agents, Bettesworths.
Council Tax Band: C
Tenure: Leasehold
Property information from this agent
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
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Energy Performance data and Internal floor area
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