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12 Bed HMO currently producing £ 35,164 pa
12 Bed HMO currently producing £ 35,580 pa Substantial double fronted HMO briefly comprising 12 letting rooms with ancillary accommodation arranged over lower ground, ground, first and second floors. We have been informed that the rooms are fully let and currently produce a total of £ 2,906.67 per month - £ 34,880 p.a. Plus the £700p.a.for the advertising hoarding. The total rental income is therefore £35,580 per annum. An updated tenancy schedule is to be provided within the legal pack. The property is situated on the South side of Wash Lane (B6221), close to the junction with Bell Lane (B6222), approximately ¼ mile east of Bury town centre. 60 DAY COMPLETION PERIOD AVAILABLE. Briefly comprise the following:
Tenure
See Legal Pack
Ground Floor:
Communal lounge, dining room, kitchen, shower room/w.c. 2 x letting rooms
First Floor:
2no. Bathrooms, shower-room, cloakroom/w.c. 6 x letting rooms
Second Floor:
4 x letting rooms
Basement:
2 storage rooms
External rear yard.
.
Energy Efficiency Rating (EPC)
Current Rating F
Local Authority
Bury Metropolitan Borough Council
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
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 0.9% 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.