House For Sale £550,000
***investment opportunity***
Palmer & Partners are delighted to present to the market this rare opportunity to acquire an eight bedroom, fully licensed HMO, with all eight rooms being sold fully furnished, positioned in the heart of Colchester's Town Centre within striking distance of Colchester's North Station, offering direct links to London Liverpool Street.
The property has been well kept over the years and benefits from a fully overhauled roof, new soffits and guttering and the current owner has an office on site ensuring the efficient running of the home over the last 17 years. Retention of the rooms has been excellent with multiple tenants having been there for years, including one that has been there nine years. The current gross yield is around 9.5 % with approx. Income of around £50,400.00 per annum.
The current owner is happy to carry on managing the property for the first 12 months of ownership, which would be very beneficial not only for experienced landlords but also for a first time landlord.
To the rear of the property is a detached office building with power and light connected, as well as having an internet connection and a further outbuilding provides storage space.
To the front of the property is a driveway providing off road parking for several cars.
Double Bedroom
£675.00 per calender month
Double Bedroom
£550.00 per calender month
Double Bedroom
£550.00 per calender month
Double Bedroom
£550.00 per calender month
Double Bedroom
£550.00 per calender month
Double Bedroom
£550.00 per calender month
Studio
£775.00 per calender month
Palmer & Partners are delighted to present to the market this rare opportunity to acquire an eight bedroom, fully licensed HMO, with all eight rooms being sold fully furnished, positioned in the heart of Colchester's Town Centre within striking distance of Colchester's North Station, offering direct links to London Liverpool Street.
The property has been well kept over the years and benefits from a fully overhauled roof, new soffits and guttering and the current owner has an office on site ensuring the efficient running of the home over the last 17 years. Retention of the rooms has been excellent with multiple tenants having been there for years, including one that has been there nine years. The current gross yield is around 9.5 % with approx. Income of around £50,400.00 per annum.
The current owner is happy to carry on managing the property for the first 12 months of ownership, which would be very beneficial not only for experienced landlords but also for a first time landlord.
To the rear of the property is a detached office building with power and light connected, as well as having an internet connection and a further outbuilding provides storage space.
To the front of the property is a driveway providing off road parking for several cars.
Double Bedroom
£675.00 per calender month
Double Bedroom
£550.00 per calender month
Double Bedroom
£550.00 per calender month
Double Bedroom
£550.00 per calender month
Double Bedroom
£550.00 per calender month
Double Bedroom
£550.00 per calender month
Studio
£775.00 per calender month
