Description
A fantastic opportunity to buy a 9-bed HMO with a great tenancy history in the heart of Preston.
This property is located in Preston PR1 and is only a 5-minute walk to Preston City center and a 15-minute walk to Preston train station. Bus routes are also readily available close by.
8 of the 9 rooms are currently let, with the 9th being renovated into a larger studio-type room which will achieve £140pw once complete. The property has an excellent history of being let.
The property already has a managing agent in place so it can be a hands-free investment.
There is a small yard to the rear with a bike storage area, a goodsized communal kitchen/living area, and some rooms have had en-suites added where possible making them more attractive to tenants and easier to let when they become vacant.
The current income is £41,600pa rising to £48,880 when fully let.
Buyers Fee: 2%