This is a wonderful opportunity to acquire a high yielding property with a full HMO license. This investment currently generates £36,000 per annum which delivers an impressive 8.3 % rental yield. The property has been managed well over recent years and boasts an impressive 98% occupancy. The property has benefited from a new loft conversion in 2018, adding two new en-suite double rooms and new flooring throughout the communal areas.
The property is a large semidetached character property with accommodation split over 4 floors. There are 7 letting rooms which are all generous in size, 2 additional bathrooms, a communal kitchen and open plan lounge, 3 modern shower rooms, off road parking for 1 car and a rear garden. IN addition, there is a basement that offers further scope to add a living room or an additional rental unit. The property is being sold as a going concern, fully furnished and with tenants in situ which will deliver an income from day 1!
The location is very popular for room rentals and is located near Bournemouth Town centre, beaches and various university buildings. There is a plethora of bus routes and transport links nearby and is walking distance to banks, restaurants, shops and a post office. Only a 5-minute walk to the beach and located in a popular road in BH5.
Due to the size of the property, we believe planning would be granted to convert this building into 5 self-contained flats. We believe more units could be achieved through a larger scale development, if desired. We encourage any interested parties to make their own enquiries with Bournemouth Council.
Contact Anderson Reid Estates to book a viewing on 01202429858 or visit us at www.andersonreid.com. Please note that the property is tenanted, and 24 hours’ notice will be needed to arrange access.
Available – 2018-05-11 00:00:00
Type – Furnished/Un Furnished
Rent Frequency – Monthly –