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Fully Refurbished HMO - 10% Yield For Sale

Poole, Dorset
Asking Price:
£525,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

Fully Refurbished Hmo - 10% Yield For Sale

Features
Fully refurbished including two storey extension completed May 2019. Commercial quality vinyl flooring throughout. Digital door entry to each letting room. Fitted window blinds. Full gas fired central heating. UPVC double glazing throughout. Guaranteed fully managed income offering 7% return on investment if required. Floor plans available by request.

Summary of accommodation
6 en-suite Letting Rooms each with kitchenette. Communal Lounge/Dining Room (would make 7th letting room). Fully fitted Kitchen. Communal Shower Room.

Location
Parkstone shopping thoroughfare (main bus route) approx. 0.4 miles. Branksome Mainline Railway Station approx. 0.9 miles. Bournemouth University approx. 2.2 miles. Poole Hospital approx. 2.5 miles. Bournemouth Town Centre within 3 miles. Poole Town just over 3 miles.

Trading & Business
A 10% return on investment is currently being achieved letting 6 rooms only. The individual room rents as at the 10th October 2019 were:

Room 1 £170 p.w. Room 4 £140 p.w. Room 7 £140 p.w.
Room 2 £195 p.w. Room 5 – vacant TOTAL £990 P.W.
Room 3 £170 p.w. Room 6 £175 p.w.

Licences/permissions
We understand an HMO licence has been applied for.

Property Information

Property:

Freehold

Living Accommodation:

6 en-suite Letting Rooms each with kitchenette. Communal Lounge/Dining Room (would make 7th letting room). Fully fitted Kitchen. Communal Shower Room.

Location:

Parkstone shopping thoroughfare (main bus route) approx. 0.4 miles. Branksome Mainline Railway Station approx. 0.9 miles. Bournemouth University approx. 2.2 miles. Poole Hospital approx. 2.5 miles. Bournemouth Town Centre within 3 miles. Poole Town just over 3 miles.

Premises Details:

6 en-suite Letting Rooms each with kitchenette. Communal Lounge/Dining Room (would make 7th letting room). Fully fitted Kitchen. Communal Shower Room.

Energy Performance Rating:
C

Contact Information

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