11 Bedroom HMO and two retail units. Excellent development opportunity with potential yield 30.97%.

11 Bedroom HMO and two retail units. Excellent development opportunity with potential yield 30.97%. Located within the Annfield plain area this excellent investment opportunity occupies a generous corner block and comprises of 11 bedsit units, some of which benefit from en suite. 6 of which are currently let at £100 per week. Also 2 commercial units one currently as a second hand furniture store at £70 per week. Second unit let as takeaway at £200 per week. When fully let potential income is £71,240 Currently managed at £7,000 per annum, Manager willing to continue with new owners.

Tenure

See Legal Pack

HMO Ground floor

Entrance Hall to large communal lounge, kitchen dining area with range of fitted units, sink integrated electric oven and hob, Communal toilet with cubical, urinal and sink. Hallway with stairs to first floor

HMO First floor

Bedroom 1 Bedroom 2 Bedroom 3 Bedroom 4 Communal bathroom with toilet, bath and pedestal sink.

HMO Second floor front

Bedroom 5 Bedroom 6 Bedroom 7 Bedroom 8 Bedroom 9 Communal bathroom with toilet, bath and pedestal sink.

HMO Second floor rear

Bedroom 10 Bedroom 11 Communal bathroom with toilet, bath and pedestal sink.

Restaurant

Shop front, hallway leading to cloakroom with WC & wash hand basin. Kitchen area with all appliances.

Furniture store

External

Small rear yard

Viewing

Please telephone 0191 9089691

Services

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

Local Authority

Durham County Council

Solicitors

ANB Law Solicitors, Kingswood House, 168 Park Road, Peterborough, PE1 2UF, Tel: 01733565900

Additional Fees

Administration Charge - £720 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.