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A substantial 6 letting room HMO producing a high yield
A substantial 3 storey townhouse extending to some 1,900 sq ft (including basement) situated in the very heart of town and convenient for all local amenities. ThIs refurbished property is configured as a six letting room (2 en-suite) HMO (House of Multiple Occupancy) with a fitted kitchen/living room, gas central heating and an enclosed courtyard rear garden. Five of the rooms are currently let producing an income of £2,490 PCM (£29,880 PA) with potential for over £35,500 PA when fully let. With the current income equating to nearly 11% of the low Guide Price we believe this to be a first class investment opportunity. Tenancy Details: Room 1 - AST from 27-07-18 @ £475 PCM Room 2 - AST from 27-07-18 @ £550 PCM Room 3 - AST from 2-07-18 @ £550 PCM Room 4 - Short Term Let 25-02-19 to 14-04-19 @ £475 PCM Room 5 - Vacant Room 6 - AST from 08-08-18 @ £440 PCM
Tenure
Freehold
Energy Efficiency Rating (EPC)
Current Rating D
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Mid Suffolk District Council
Solicitors
D & S Legal, FF10, Heybridge Business Centre, 110 The Causeway, Maldon, CM9 4ND, Ref: Dean Alexander, Tel: 01621 710212
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.