5 bedroom house share for sale

Situated on a quiet yet convenient residential street is this five bedroom HMO, to be sold as a going concern, currently fully let and producing £8800 a month gross. Perfect location with employment, transport links, and all that the vibrant town of Beeston has to offer.

A fantastic opportunity has arisen to purchase a ready made residential freehold investment within the the heart of the vibrant town centre of Beeston.

This period three-storey terrace house has been converted in the last five years to a high quality five-bedroom HMO. Currently fully let on individual AST's on rolling contracts producing an earned gross income of £28,800, and to be sold as a going concern.

Centrally heated by a combination boiler and double glazed throughout the accommodation comprises: communal hallway, ground floor double bedroom to the front, open plan communal living room linking through to a modern fitted kitchen. Beyond this a rear lobby with WC and access to the second ground floor bedroom. Rising to the first floor the landing provides access to two further double bedrooms and two shower rooms and WC facilities. To the second floor is a further double bedroom.

Situated on a small quiet residential no-through street, the building is just off the main High Street and Market Square of the vibrant town centre of Beeston, which offers a wealth of national and independent retailers with a variety of bars, restaurants, café's, as well as a cinema, having a great day and evening economy. Beeston has superb transport links with both tram, bus and train stations and sits on the edge of the University of Nottingham campus and also has public transport links to the Queens Medical Centre.

Currently achieving just under a 9% gross yield, with believe this property will make a fantastic log-term investment in an established and yet still growing local economy.

Accommodation - The accommodation is laid over three floors with a communal living room opening through to a fully fitted kitchen with built-in appliances. There is a ground floor WC facility as well as two independent shower WC facilities on the first floor. The current rent role is:

Room One: £450 pcm.
Room Two: £500 pcm.
Room Three: £450 pcm.
Room Four: £500 pcm.
Room Five: £500 pcm
These rents are bills inclusive.

Outside the property fronts the pavement, as we understand their is residence on-street permit parking scheme available.
The property enjoys a rear courtyard style garden with a patio/seating area and a section to artificial lawn.

Certificate/Landlord Obligations: - All certificates and landlord obligations are currently being applied with an available to pass on to the new purchaser on completion.