8 Bed HMO, Lancaster, LA1 4XD, £300,000

• End Terrace House - HMO Property +
• x6 Bedsit Flats with fitted Kitchenette +
• x2 Shower Rooms +
• x1 Two Bedroom Basement Apartment - With Kitchen Diner +
• Parking for x4 vehicles to the rear +
• Investors only - Being sold with tenants in situ +
• Estimated £18,000 per anum +

This large end terrace is set over four floors and has been converted to contains six bedsit flats, two on each floor, and a spacious two bedroom apartment in the basement that also has access to the rear garden. The property is being sold with 5 tenants in situ, four of the bedsits are currently occupied as is the two bedroom apartment. Its current yearly turn-over is estimated at £18,000. Each of the bedsit flats has a built in kitchenette, mostly double glazed and electric storage heaters. The basement apartment has its own combi boiler. The building has a fully wired fire alarm system and fire escape windows fitted in communal areas. The building is in need of modernisation and offers a huge potential for investors in a prime location. A huge benefit is the rear parking, essentially it has its own car park to the rear that will comfortably accommodate x4 vehicles, this is accessed from Railway Street.

EPC Rating: E