Mixed use for sale
Property description & features
- Fully licenced HMO property
- 12 bedrooms
- Fully tenanted achieving £81,120 per annum
- Gross yield 13.63%
- Accommodation for owners located on the ground and first levels
Guests will appreciate the spacious communal lounge/dining area and a well-appointed kitchen, ensuring a welcoming environment for socialising and relaxation. Each bedroom is designated for single occupancy, enhancing privacy and comfort.
The owner's accommodation is spread across two floors, featuring a lounge, four bedrooms, a generously sized kitchen, a dining room, and a bathroom. Access to the rear yard adds further convenience, while an attic room serves as valuable storage space.
Notable amenities include WiFi coverage throughout the property and CCTV surveillance in communal areas, enhancing security and connectivity for residents.
Room rates start at £130 per week, increasing to £135 per week effective May 2nd, 2024. Tenancy agreements are structured to accommodate this adjustment. Presently, the yield stands at 13.63%, supported by 12 occupied rooms. With the capacity to utilise three additional rooms in accordance with the HMO license, the yield is projected to rise to 14.15% as of May 2nd, 2024. Furthermore, with the potential for future occupancy, the yield could reach an impressive 17.69% at the enhanced rental rate.
Fully compliant with HMO regulations and fire safety standards, this property offers peace of mind to both residents and owners. Furthermore, there's potential for additional growth through modernisation, making it an attractive investment opportunity.
Tenure: Freehold
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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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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