Description
8% + Yield ... Freehold income producing HMO investment for sale comprising 5 double rooms and a self contained studio flat.
Scope to enhance rents and possible re development / re configuration
Description - Freehold income producing investment for sale comprises end terrace freehold house (no garden) which has been extended into the roof space and converted into a 5 bedroom HMO + self contained studio flat
The condition is good / basic and would benefit from a further extension and re configuration to maximise the potential income
Ground floor: Communal lounge, kitchen, Utility room, room 1
First floor: 4 x rooms, bathroom + WC, Shower room + WC
Second floor: self contained studio flat with shower room
Location - The property is situated on a residential road just 30 seconds off the High Street and offers immediate access to a number of shops, restaurants and transport links making this a real hot spot for renters
The property would attract not only locals but City workers with Northern Line access needed and staff from St Georges Hospital which only a 5 minute walk away
Nearest Stations
Colliers Wood Underground (northern Line) 0.4 miles
Tooting British Rail Station (Thameslink) 0.8 miles
Nearby Places
Tooting Broadway 0.5 miles
Wimbledon 1 mile
Income - The rooms are let on ASTs and fully compliant with Gas certs, EICR, How to Rent guides and EPCs provided to tenants
Tenants rent includes all bills and the approximate outgoings for the landlord is £1,900 per quarter - All tenancies are currently periodic - 2 rooms are vacant for viewing purposes
Current income : £56,052 p/a
Projected income : £65,700p/a
Planning - Subject to the relevant consents it is felt that an additional floor could be added to the property and re configured creating additional space / income
Terms - Guide Price £750,000 Freehold
The property is to be sold with all tenants in situ
Viewings - Contact sole agents Christopher St James[use Contact Agent Button]