6 bedroom terraced house

Council tax band: TBC

Murray street Llanelli. Fire damaged shop, flat and 6 x HMO needing internal renovation and fire damage to the rear extension.

The property is a licenced HMO to the top floors, a flat to the rear and a shop to the front. Access to the shop and the and HMO are via the front on Murray St (with separate entrances) and the flat is accessed at the rear of the building. The rear upper floor of the flat has been extensively damaged by fire.

The shop is rates free as it is under the rateable floor area. The HMO has a valid HMO licence.

The rents achieved before the fire were 6 x £350 pm for the HMOs, the rear flat was £400 pm and the vendor has been offered £850 pm for the shop giving an income of over £40,000 pa.

In the past year since the fire, rents in this area have increased to between £400 and £450 pm per room, the flat would be priced at £500 pm and the shop at £850 pm if the property were to be renovated to a good standard. This would increase rental income to closer to £50,000 per annum.