3 bed flat for sale Sold/Delisted

About this property

Sale by auction - 12 December 2024 - Timed Online Auction. Immediate income producing investment with secure long-term tenant. Large 3 Bedroom HMO main door duplex property currently tenanted at £650pcm (£7,800 per annum). The property comprises Entrance Hallway, Large Lounge with Dining Area, Large Dining Kitchen, Bathroom, and 3 Large Double Bedrooms. Enhanced by Gas Central Heating and Double Glazing. HMO licence allows for the opportunity to rent individual rooms, potentially increasing rental income from £650 to £1200 per month. There is a demand for accommodations due to ongoing work at the power station, which will last for five years. Extremely secure income with settled long-term tenant paying £650 pcm (£7,800 per annum). Tenants have been in place for approximately 10 years with a perfect payment history. The tenants manage the business below and have indicated their intent to remain in the property for the next 9 years and beyond. Multiple supermarkets within 1.0 mile. Auction Details: 12 December 2024, 10am-3pm. Timed Online Auction.