Mixed use for sale
Property description & features
- High Return Freehold Residential Investment
- Comprising Four Houses in Multiple Occupancy (HMO's)
- Gross Income £102,780 (When Fully Let)
- Gross Initial Yield of 16.44%
- Currently Managed with High Occupancy
68 HELE ROAD - 3 BED HMO
Combined rents of £1,675 pcm (when fully let).
68A HELE ROAD - 5 BED HMO
Combined rents of £2,685 pcm (when fully let).
70 HELE ROAD - 3 BED HMO
Combined rents of £2,685 pcm (when fully let).
70A HELE ROAD - 5 BED HMO
Combined rents of £2,570 pcm (when fully let).
TENURE
The property is available Freehold, subject to the ASTs of the residential tenants.
RENT SCHEDULE
A full rent schedule with breakdown of each units rents and occupancy can be requested from the Agents, Bettesworths.
EPC RATINGS
68 HELE ROAD - E. 68A HELE ROAD - D. 70 HELE ROAD - E. 70A HELE ROAD - D.
COUNCIL TAX BANDS
68 HELE ROAD - A. 68A HELE ROAD - A. 70 HELE ROAD - A. 70A HELE ROAD - A.
HMO LICENSING
We are informed that the property is defined as an HMO for licensing purposes but not currently licensed. Interested parties are advised to make their own enquiries as to licensing requirements with Torbay Council Housing Standards Team.
VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
Tenure: Freehold
Property information from this agent
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Property reference 11999957. 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 Bettesworths - Torquay.
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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
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
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