The property generates - £22,140 in rent per year.
Its a 6 bedroom HMO – fully let to working tenants.
The property has Certificate of Lawful use/ Planning Permission as a C4 HMO.
The HMO is fully compliant – No Works Required.
Its located at 111 Newcommen Street, hull – HU9 3BB – Great location.
This property has been a HMO for 12 years.
It has had several Council Inspections over the years and all HMO work has been carried out.
Its a business in a box. Generating a great rental return.
The property is currently let on ast’s, at the following rents:
Room 1 - £325pcm
Room 2 - £325pcm
Room 3 - £240pcm
Room 4 - £325pcm
Room 5 - £325pcm
Room 6 - £325pcm
Total monthly income of £1845.00p
The outgoings are:
Gas £080
Ele £100
Water £033
Tv £013
Wifi £025
Council Tax £096
Total Outgoings £349pcm
The property is in a good state of repair, some minor decoration may be required.
Modern Kitchen,
Fire doors throughout,
Modern Bathroom and Shower room
Carpets/ Wooden Flooring throughout,
Fully furniture etc etc.
The property has gas central heating throughout, the boiler is only 3 years old.
The property was fully double glazed in 2016.
The property has a fully interlinked smoke/fire detection system to the entire house, all room, not just the corridors.
You don’t need to spend a penny on this property, its fully let and ready to go.