House For Sale, Laithe Street, Colne BB8

Description

This is an investment opportunity to purchase an HMO in Colne with the potential to generate an 8.1% net yield.

Leasehold information:

- Length of lease: 999 years
- Year lease started: 1888
- Years left on lease: 865 years (from 2022)
- Service charge: N/a
- Service charge review period: N/a
- Ground rent: Peppercorn
- Ground rent review period:n/a

Property information:

- Fully refurbished HMO
- Works are due to complete soon
- Split over 2 floors
- 5 x bedrooms
- Shared kitchen and lounge
- Shared bathroom
- Separate WC
- EPC rating: Tbc, following completion of works
- Council tax band: A

Rental income:

- serco is ready to sign a 7-year Fri lease with a 3-year extension and move in
- Expected rental income: £1,512.50 pcm; £18,150 pa
- The displayed gross rent and gross yield are reflecting the net amounts; we are unable to display net figures at present

Location information:

- The property is located just outside the town centre of Colne
- Colne town centre is a 10-minute walk from the property
- Colne railway station is 0.3 miles from the property
- There are a number of greenspaces within short walking distance
- Easy access to the A56

Note:

Please note that Vesta has not visited this property and that the vendor has provided all material.

Follow the link for more information:

        
zoopla.co.uk

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House For Sale £225,000 Laithe Street, Colne BB8

House For Sale £225,000
Laithe Street, Colne BB8