- 5 BEDROOM HMO
- RIGHT IN THE HEART OF CAMPUS
- TENANTS IN SITU
- GROSS RETURN IN EXCESS OF £27,000 P/A
- NO CHAIN
- FANTASTIC INVESTMENT
- CLOSE TO UNIVERSITY LIBRARY
AN EXCITING INVESTMENT OPPORTUNITY SITUATED DIRECTLY OPPOSSITE THE CITY CENTRE CAMPUS.
Benefitting from tenants in situ until July 2022, this FIVE BEDROOM HMO currently generates a gross return in excess of £27,000 per annum.
This spacious apartment is laid out over three floors of an historic building, with the student union and university library only moments away, making this a student's dream!
A shrewd purchase for the discerning investor.
COMMUNAL ENTRANCE HALL
APARTMENT ENTRANCE HALL
BEDROOM ONE 3.43m x 2.87m (11'3" x 9'5")
BEDROOM TWO 3.33m x 2.18m (10'11" x 7'2")
BEDROOM THREE 3.07m x 2.77m (10'1" x 9'1")
BOILER ROOM AND UTILITY
LOWER FLOOR 3.76m x 2.95m maximum, irregular shaped room (12'4
KITCHEN 2.51m x 2.44m (8'3" x 8')
BEDROOM FOUR 4.24m x 2.67m not including door recess (13'11" x
BEDROOM FIVE 2.74m x 2.51m (9' x 8'3")
COUNCIL TAX BAND: A
LEASE DETAILS: 125 year Lease from June 1983, 86 remaining.
We are informed by our vendor that the current service charge is circa £2,000 p/a.
PLEASE NOTE: The stated current rental income figure is for the Gross income (bills included). We are informed by the vendor that the current utility costs equate to between £2,000 - £2,500 per annum giving a Net rental income of circa £24,500 - £25,000 per annum. We would urge that you make your own enquiries for exact figures via your conveyancer should you wish to proceed with a purchase of this property.
"Dear Tully's Thank you so much for my lovely new home... and for listening and supporting me - I could've gone crazy without you!"