Key features
- 7 BED STUDENT HMO
- LET FROM SEPTEMBER 2022 FOR 11 MONTHS
- GROSS RENTAL YIELD IN EXCESS OF £41,800 P/A
- WELL LOCATED FOR THE UNIVERSITY
- INVESTMENT PROPERTY
- TENANTS IN SITU
- INCOME FROM DAY ONE
- GROSS RETURN IN EXCESS OF 8.3%
- C4 PLANNING
- TWO SHOWER ROOMS AND TWO FURTHER TOILETS
Property Description
THIS SEVEN BEDROOM HMO IS PERFECTLY SITUATED FOR THE UNIVERSITY. WITH NEW TENANTS TAKING UP OCCUPATION FROM SEPTEMBER FOR AN 11 MONTH TERM, THIS IS A PERFECT INVESTMENT PROPERTY.
Presented to a high standard and benefitting from mixed use (C3/C4) planning and current HMO licence, this is a no stress investment option.
Currently grossing in excess of 8.3% return at the asking price, this is simply one not to be missed.
FURTHER INFORMATION
Utilities are included within the monthly rental cost. We are informed by the vendor that currently the cost of utilities is circa £300 pcm. In addition the tenancy agreement contains a fair usage clause.
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"To all the staff at Tullys Thanks for all your support over the years."
