Summary:

A fantastic opportunity to purchase two fully licensed HMO's (House of Multiple Occupation) properties with nine rooms in total over the two dwellings. When fully lets it provides a current gross monthly income of £4,011.65. The property is being offered with no onward chain. The property is listed. Service Charge is £100 pcm per apartment. 999 Year Lease. 

Description:

An investment opportunity for a recently converted House of Multiple Occupancy (HMO) within Worcester City Centre, appealing to both the student and professional market. In brief, the property comprises two separate apartments with two fully licenced HMO's, licensed for 10 occupants combined. The property is located on The Tything, Worcester, above a commercial unit with access via a private entrance to the left-hand side. This leads through to stairs to both first and second floor apartments. Gross monthly income when fully let is £4,011.65. Entrance via UPVC door leading into hallway through to staircase providing access to the 1st apartment, comprising entrance hall, five bedrooms, bathroom with separate shower, second WC with wash basin, communal living room and fitted kitchen complete with roll top work surface and base and eye level units. Built under oven and gas hob with extractor hood, and utility leading off to rear aspect with ample storage space. Access to the second flat is via separate door, to rear of the first-floor landing leading to the second floor apartment. The entrance has ample storage facilities built in, leading through to one double bedroom and three single rooms, bathroom with shower, separate shower room with second WC, shared communal living room, and fitted kitchen complete with roll top work surface and base and eye level units. Built under oven and gas hob with extractor hood, and dual aspect windows to rear, allowing good light. Access to balcony outdoor seating area from the kitchen. The property is being marketed for leasehold purchase for 999 years. £0 ground rent and £100 PCM Per Apartment service charge to be negotiated for the maintenance and upkeep of communal areas and share of building insurance. Apartment 1 – 815.9 Sq Ft approx. Apartment 2 - 930 Sq Ft approx. Electric central heating throughout.

Location:

Situated close to Worcester Foregate Street station and with the high street being a short walk away, along with wine bars, restaurants, shops and Worcester Racecourse you really are spoilt for choice. This is the perfect base for City Living at its finest.