This is an exciting opportunity to buy a fully compliant townhouse HMO property close to Dumfries town centre. The well-presented and spacious accommodation extends over three floors and comprises large lounge and kitchen on the ground floor and two double bedrooms and one single on each of the upper floors. Each of the bedrooms and lounge are being offered fully furnished to suit student tenants and there is also a smaller room that could be considered as a single bedroom seven but the current owner has utilised as a study room. Additional accommodation includes family sized bathroom with shower, two WCs, a shower room on the second floor, and there is also a large cellar below that extends over the full floor area and offers extensive storage. Further benefits include eight burner range cooker in the dining kitchen and conventional gas central heating system incorporating hot water tank, garden drying area. The proximity to both University of West of Scotland and University of Glasgow campuses have allowed the current owner to operate a successful HMO business with past revenue of approx £24,000 p.a. and the owner has also offered as Serviced Accommodation producing income in excess of £3,000 per month. Other than HMO or S.A. the new owner could also consider the possibility of bed and breakfast or whole house holiday rental. This is a great investor opportunity and early expression of interest is strongly recommended.
Fully compliant and licensed HMO townhouse
Previously achieved HMO rental of £24,000 p.a
Fully furnished and ready to rent
Potential increased revenue through Serviced Accommodation
Ideally located for Universities
Close to Dumfries town centre
The town of Dumfries has three golf courses, a hospital and a Morrisons supermarket. The railway station provides access to Glasgow, Edinburgh and south to Carlisle, where connections can be made for the rest of England. Excellent local primary schools and Dumfries Academy is a well regarded secondary. The Crichton University campus is also nearby. The A74 motorway provides motorway connections both north to Glasgow and south, via the M6, to Carlisle, Penrith and central and southern England.
Dumfries and Galloway Council
Administration Charge - Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.