Residential Investment. Licenced HMO currently fully let producing £22,320pa

This well presented three storey modern town house has been adapted to provide a fully licenced HMO with five letting bedrooms. The current rent is £22,320pa with all rooms let to established tenants. The property benefits from gas fired central heating, sealed unit double glazing and an attached garage, private rear garden and three allocated parking spaces. In addition, there is a parking space in front of the existing garage. This is an ideal property to add to a rental portfolio or as a first venture into the rental market. Copenhagen Way is situated off Aylsham Road, to the north of Norwich and within walking distance of local shops, amenities and regular bus services into the centre of Norwich.

Tenure

Freehold

Description

Ground Floor

Entrance hall, two bedrooms, cloakroom.

First Floor

Landing, lounge, kitchen/breakfast room, bedroom.

Second Floor

Landing, bedroom with en-suite, further bedroom, bathroom.

Outside

Three parking spaces, driveway, attached garage, enclosed and easy to maintain rear garden.

Tenancy Details

Room 1 - £320pcm Room 2 - £380pcm Room 3 - £400pcm Room 4 - £370pcm Room 5 - £390pcm The property is a licenced HMO for up to seven people. Therefore, the potential exists to enhance the rent on certain rooms when appropriate.

Viewing

Open days

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Norwich City Council. Tel: 0344 980 3333

Solicitors

Cozens Hardy LLP, Castle Chambers, Opie Street, Norwich NR1 3DP, Ref: Rebecca Edwards, Tel: (01603) 724644

Additional Fees

Administration Charge - 0.3% including VAT subject to a minimum of £840.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.