12 bedroom licensed HMO - Part-Let with potential gross income of £56,100 per annum

A refurbished 12-bedroom Victorian semi-detached property, currently used as a fully furnished and licenced 12 bed HMO. The property benefits from; contemporary fitted kitchen; fully certified combi boiler; gas central heating throughout with remote Nest control system; Wi-Fi; double glazing throughout and a decking area over-looking the Liverpool to Leeds canal. The accommodation is arranged as follows: Ground floor Entrance hallway; 3x double bedrooms; rear kitchen / dining and shower-room with wash-hand basin and w.c. First Floor 4x double bedrooms; shower-room with wash-hand basin and w.c. Second floor 3x double bedrooms; shower room and storeroom. Lower ground floor 2x double bedrooms; shower-room and communal lounge / store-room. We are informed that seven of the twelve bedrooms are currently Let with rents ranging from £4,320 p.a. to £5,200 p.a. includive of bills. The estimated gross rental income when fully Let is £56,100 p.a. Rents are inclusive of utilities, council tax and wi-fi/broadband. A full tenancy schedule (with outgoings) can be found within the legal pack. The property is located in an established residential location overlooking the Leeds & Liverpool Canal, within 1 mile from Burnley General Hospital and close proximity of the town centre and associated amenities. Could suit redevelopment / conversion subject to the necessary planning permissions.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating E

Local Authority

Burnley Borough Council

Additional Fees

Buyer's Premium - 1.2% inc VAT of the purchase price payable on exchange of contracts.

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 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.