Map22 bedroom house of multiple occupation for sale
Key information
Features and description
- Tenure: Freehold
- Established HMO
- 22 occupied rooms, 4 shared kitchens
- Each room has its own bathroom facilities
- Potential for further rooms to be created in the basement (STPP)
- Fully compliant
- Producing gross £117,480pa
- Guide Price: £750,000 to £800,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 11:00am, Wednesday 11 December 2024
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 11 DECEMBER 2024 AT 11:00AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
Established large HMO offering 22 occupied rooms situated in the centre of Great Yarmouth producing a gross income of £117,480.
Compliant HMO established for over 30 years with lawful use provided in 2014. Offering 22 occupied rooms with all tenants having a licence to occupy. Each room has its own bathroom facilities and there are four shared kitchen facilities for tenants use.
The property has been producing a gross income of £117,480 and a net income of £85,000 with each tenant paying £445 pcm.
The basement of the building offers potential for a further 4 rooms this would increase the current yield.
The building has a fire and electrical certificates and each room has its own Metro metre for electric supply.
Accommadation 22 rooms, 22 bathroom facilities, 4 kitchens
Council Tax Band F
Viewings Viewings are being held STRICTLY BY APPOINTMENT ONLY on the following days
Tuesday 12 November
Tuesday 19 November
Friday 29 November
Friday 6 December
Please contact the Norwich Office to confirm your appointment time.
Tenure: Freehold
EPC Rating: E
Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Buyer's Premium Fee: £960 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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