House For Sale £500,000
Profitable HMO with 8 letting rooms and planning for a further 2 en-suite letting rooms, plus 1 bedroom apartment. Located close to Paignton seafront pier and the beaches this superbly presented high quality licensed HMO is offered in excellent order throughout.
The sellers have chosen to let the en-suite furnished rooms to employed professional single people and the property is in wonderful order throughout with a large communal lounge/kitchen area and fully furnished letting rooms. We understand planning has been granted to convert the cellar/store area into two further en-suite letting rooms.
Externally, the one bedroom flat has the benefit of an enclosed, decked patio area. To the rear of the property there is off road parking and storage sheds accessed from a service road. To the front of the property there is hard standing for two further cars.
The house is currently fully let with an income of £69,444 per annum, the units are rented inclusive of water, gas, electricity and broadband.
Licence and outgoings details can be obtained from the agents, early viewing is highly recommended.
