House For Sale £4,300,000
A substantial residential investment comprising an unbroken terrace of 6 houses currently arranged as licenced HMO's. Each house has a mix of 5 and 6 bedrooms totalling 34 HMO rooms over approximately 7,526sqft of accommodation. The properties have been recently refurbished and are currently let on AST's, mainly to staff at the Royal Sussex County Hospital producing an income of £268,800pa. The properties are excellently located to provide housing for nhs staff and medical students being situated almost opposite the entrance to A&E.
A substantial residential investment comprising an unbroken terrace of 6 houses currently arranged as licenced HMO's. Each house has a mix of 5 and 6 bedrooms totalling 34 HMO rooms over approximately 7,526sqft of accommodation. The properties have been recently refurbished and are currently let on AST's, mainly to staff at the Royal Sussex County Hospital producing an income of £268,800pa. The properties are excellently located to provide housing for nhs staff and medical students being situated almost opposite the entrance to A&E.
Whilst in good condition and fully let, the terrace still provides potential uplift by extending/developing the corner plot of 1 Bristol Rise and the rear of 6 Bristol Rise. This could provide additional HMO rooms or separate accommodation, subject to obtaining the necessary planning consents. The current AST's do not include the parking spaces in front of the houses therefore these could be let separately to provide additional income.
The accommodation provides as follows.
1 Bristol Rise
6 bedroom HMO
Let on an AST at £50,040pa
Includes larger corner garden, garage and driveway
2 Bristol Rise
6 bedroom HMO
Let on an AST at £50,040pa
Off road parking and garden
3 Bristol Rise
5 bedroom HMO
Let on an AST at £34,800pa
Off road parking and garden
4 Bristol Rise
5 bedroom HMO
Let on an AST at £36,000pa
Off road parking and garden
5 Bristol Rise
6 bedroom HMO
Let on an AST at £48,180pa
Off road parking at garden
6 Bristol Rise
6 bedroom HMO
Let on an AST at £49,740pa
Off road parking and garden
Floor plans are available on request. Some of the images used are prior to tenants moving in.
A substantial residential investment comprising an unbroken terrace of 6 houses currently arranged as licenced HMO's. Each house has a mix of 5 and 6 bedrooms totalling 34 HMO rooms over approximately 7,526sqft of accommodation. The properties have been recently refurbished and are currently let on AST's, mainly to staff at the Royal Sussex County Hospital producing an income of £268,800pa. The properties are excellently located to provide housing for nhs staff and medical students being situated almost opposite the entrance to A&E.
Whilst in good condition and fully let, the terrace still provides potential uplift by extending/developing the corner plot of 1 Bristol Rise and the rear of 6 Bristol Rise. This could provide additional HMO rooms or separate accommodation, subject to obtaining the necessary planning consents. The current AST's do not include the parking spaces in front of the houses therefore these could be let separately to provide additional income.
The accommodation provides as follows.
1 Bristol Rise
6 bedroom HMO
Let on an AST at £50,040pa
Includes larger corner garden, garage and driveway
2 Bristol Rise
6 bedroom HMO
Let on an AST at £50,040pa
Off road parking and garden
3 Bristol Rise
5 bedroom HMO
Let on an AST at £34,800pa
Off road parking and garden
4 Bristol Rise
5 bedroom HMO
Let on an AST at £36,000pa
Off road parking and garden
5 Bristol Rise
6 bedroom HMO
Let on an AST at £48,180pa
Off road parking at garden
6 Bristol Rise
6 bedroom HMO
Let on an AST at £49,740pa
Off road parking and garden
Floor plans are available on request. Some of the images used are prior to tenants moving in.
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