22 bed block of flats for sale Sold/Delisted

About this property

For sale by auction on Wednesday, 11 Dec 2024 at 11:00. Established large HMO offering 22 occupied rooms producing a gross income of £117,480. Compliant HMO established for over 30 years with lawful use provided in 2014. Each room has its own bathroom facilities and there are four shared kitchen facilities for tenant use. The property has a net income of £85,000 with each tenant paying £445 pcm. The basement offers potential for a further 4 rooms, which would increase the current yield. The building has fire and electrical certificates, and each room has its own electric supply meter. Multiple supermarkets, gyms, parks, and shopping centres are within 1.0 mile. Viewings are by appointment only. Buyers Premium: £960 inc VAT. Administration Charge: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT.