Substantial 3 storey town centre 11 bedroom HMO

Substantial town centre HMO This large attached property is set over three floors and has been used by a Housing Association as a house of multiple occupation (HMO) for a number of years. The property comprises eleven bedsits, each with their own kitchenette with shared bathroom facilities. There is also a self-contained one bedroom flat on the third floor. The property is sold with vacant possession. The bedsits could let for in the region of £70 per week which, when fully let, could produce an valuable income of around £40,000pa. The property will therefore appeal to the investor.

Tenure

Freehold

Description

Ground Floor

Entrance hall, room, office, w.c., kitchen, lounge, w.c., office, laundry room, bedsit 2, w.c./shower room.

First Floor

Bedsits 3, 4, 5, 6, 7, 8, two bathrooms, w.c.

Second Floor

Bedsits 9, 10, 11, 12, bathroom. Self-Contained Flat: Bathroom, bedroom, kitchen, sitting room.

Outside

Small rear yard area.

Viewing

Open days

Energy Efficiency Rating (EPC)

Current Rating C

Services

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

Local Authority

Great Yarmouth Borough Council. Tel: 01493 856100

Solicitors

Lodders Solicitors LLP, 10 Elm Court, Arden Street, Stratford Upon Avon CV37 6PA, Ref: Mr M Campbell, Tel: 01789 293259

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ 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.