House For Sale £280,000
A house of multiple occupancy (HMO) with a fresh certificate of lawfulness (ldc) granted 24 May 2021, preserving the heritage of the status which has been developed by the current investment owners who are looking to sell. Given the nature of this investment opportunity the current group of students will be leaving Circa July 2021 and advertising will shortly commence 19.6.21. The current details of the lease are;
Nett income 16224 (current lease is exclusive of utilities and self-managed.).
Yield 5.79%
The proposed rent on a transfer basis with the incoming landlord costs associated have been projected inclusive of utilities for efficiency of management around £20696 (£99.50 pppw) yielding a nett of 6.28% with 15% deducted for expenses using Leaders estate agents. Please ask to speak to Ben, Senior Lettings Manager to discuss terms, subject to contract.
Our professional landlord clients are disposing of this traditional three bedroom end town house now utilised as four bedroom HMO with outbuilding joined by lean to and reception rooms with parking and additional purchased car standing to the front for multiple private vehicle parking. There is a rear garden laid to lawn. Gas central heating system approximately one year old with installation certificate available for inspection. Upon receipt of a successful bid being received, subject to contract we can share the redacted documents including the eicr, gsr and ldc.
Nett income 16224 (current lease is exclusive of utilities and self-managed.).
Yield 5.79%
The proposed rent on a transfer basis with the incoming landlord costs associated have been projected inclusive of utilities for efficiency of management around £20696 (£99.50 pppw) yielding a nett of 6.28% with 15% deducted for expenses using Leaders estate agents. Please ask to speak to Ben, Senior Lettings Manager to discuss terms, subject to contract.
Our professional landlord clients are disposing of this traditional three bedroom end town house now utilised as four bedroom HMO with outbuilding joined by lean to and reception rooms with parking and additional purchased car standing to the front for multiple private vehicle parking. There is a rear garden laid to lawn. Gas central heating system approximately one year old with installation certificate available for inspection. Upon receipt of a successful bid being received, subject to contract we can share the redacted documents including the eicr, gsr and ldc.
