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4 Rooms 12 beds 8 bath

£ 750,000.00

12 bed property for sale Sold/Delisted

Address: ************

More information

Auction: No
Market Status: Sold/Delisted
Schools: ************
Transport: ************
HMO Status: HMO Conversion
NEAR UNIVERSITY: YES (Dist: 0.75 miles)
NEAR TRAIN STATION: YES (Dist: 0.50 miles)
NEAR BUS STATION: YES (Dist: 0.30 miles)
NEAR HOSPITAL: NO (Dist: 1.20 miles)
About this property
A rare investment opportunity has arisen within a beautiful Grade II listed building currently used as one large office space. The property is being offered for sale with permission soon to be granted for conversion into a 12 bedroom, 7 bathroom House of Multiple Occupancy (HMO). An application has been submitted for a fairly simple conversion to create a superb HMO with a total of 13 bedrooms, 7 bathrooms, 3 kitchens, and a basement level recreational and laundry space, with a projected income of £10,500 pcm. The property also benefits from a secure car park with a total of 14 spaces, which could generate additional income. Currently, the property is let at £50,000 per annum, with tenants vacating in November 2024. Additionally, there is lapsed planning consent for conversion into 5 residential apartments, which could easily be granted again if desired. Enquiries strictly via our offices for further information or to arrange a private viewing.

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