FOR SALE BY ONLINE AUCTION - A fully tenanted five bedroom HMO let to working professionals producing £45,780 per annum

Description
Freehold semi-detached tenanted HMO
5 bedrooms, 3 bathrooms, 1 bedroom with ensuite bathroom
Communal kitchen, dining space and reception room
Benefits from a large driveway with parking spaces
Rental income of £3,815 per month / £45,780 per annum
Representing a 11.4% yield on guide
Sui Generis planning permission in place

Location
Situated on the well-connected May Street in Basingstoke, the property benefits from convenient access via the A339 and A3010, as well as the M3 to London or Southampton. The property benefits from an 8 minute pedestrian path walk to Basingstoke town centre and is ideally located for Basingstoke and North Hampshire Hospital, and the University of Winchester. There are also excellent commuter links, with direct rail services to London Waterloo in 45 minutes. Set within a well-established residential area, it is close to a range of local amenities including shops, schools, and parks.

Transport links are provided by both Basingstoke and Hook Rail Stations.

Planning
Planning granted through Basingstoke and Dean Council: Ref 14/02937/FUL (01-10-2014)

Change of use from dwellinghouse (C3) to house of multiple occupation (sui generis). Installation of window to east elevation, alterations to access, parking and provision of refuse storage

HMO Compliance
- Gas Safety Certificate
- Planning Approval
- EICR (Electrical Installation Condition Report)
- Fire Risk Assessment
- HMO Licence
- Fire Alarm Test Certificate

Copies of these documents can be found within the legal pack