Studio Flat For Sale £725,000
Nottingham NG6

Description



18 bed HMO in 0.17 acre site with ample parking. Fully let producing £80,280 per annum inclusive of running costs.

Each unit has its own WC and shower room and generally benefits from laminate floor coverings, electric heating and LED lights. There are two shared kitchens per floor. A1 and the kitchens have recently been refurbished.



Location



Bulwell is a market town 3 miles south-west of Hucknall and 4 miles north of Nottingham.

The HMO for sale is situated on Cinderhill opposite the Headstocks Public House. Cinderhil is a prominently residential street which connects with the A610 0.2 miles to the south. Opposite the property is a bus stop providing regular public transport link.



Planning



We understand the property has an established HMO use (Sui Generis) under The Town and Country Planning (Use Classes) order as amended. By way of a permission referenced 18/01367/PFUL3 consent was granted for the conversion of the ground floor into 6 self contained studio flats. This was not implemented and lapsed January 2022. All parties should confirm the planning position with the relevant Local Authority.



Services



All mains services with the exception of gas are connected to the property.



VAT



All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.



EPC



B(40)



Accommodation



Areas have been taken from architect plans.



Tenure Comments



The semi-detached 18 bed HMO available freehold subject to existing AST's. The landlord is responsible for the running costs.



Brochure Header



HMO investment



Viewing



Please check our website for a virtual tour. Physical viewings with proceedable parties can be arranged on request by contacting our commercial property agents. OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.