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- 5 BEDROOM HMO
- RIGHT IN THE HEART OF CAMPUS
- TENANTS IN SITU
- DECENT RETURN
- NO CHAIN
- FANTASTIC INVESTMENT
- CLOSE TO UNIVERSITY LIBRARY
Property Description
AN EXCITING INVESTMENT OPPORTUNITY SITUATED DIRECTLY OPPOSSITE THE CITY CENTRE CAMPUS.
This FIVE BEDROOM HMO currently generates a healthy gross return and is ideally situated for students.
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
BATHROOM
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
COMMUNAL LOUNGE
BASEMENT
BATHROOM
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")
FURTHER INFORMATION
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.
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