- 8 Bed 8 En-suite HMO +
- Fully let to Professional Tenants +
- £72,060 Gross Annual Rent +
- HMO License and Planning Permission in place +
- Turn-Key Investment +
- High-Spec Finish +
This detached HMO property comprises of 8 Bedrooms and 8 En-Suites (in each room) and is set over 3 floors having been extended both to the rear and in the loft to create a GIA of 187m2.
The property currently generates £72,060 gross annual rental income at an average of £750pcm per room, a strong rent showing the quality of the refurbishment and the demand for large rooms with en-suites in the area.
The property is currently fully let to 8 professional tenants, all on AST Contracts. The property has been fully let since its initial conversion and has always had strong tenant demand.
This generates a 10.67% gross yield in what is a highly desirable area for both tenants and homeowners alike.
The property was previously a dental practice but had sat vacant for years before the current owners got full planning permission to convert from commercial to an 8 unit House of Multiple Occupancy (planning reference DC/086361), which included a rear extension and loft extension.
The result is a brand new, high-spec HMO that will provide a completely turn-key investment for a new investor who will be able to rest easy in the fact the property has been taken completely back to brick & renewed.