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26016 Investment Opportunity In North Essex Hmo For Sale Freehold

Undisclosed Essex
This investment has been owned and managed by our client since 2007. During their period of ownership they have refurbished the property and fitted most of the rooms with ensuite shower rooms, and provided kitchenettes.
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 60297
ADVERT IMPRESSIONS : 14,629 TIME(S)

 
BUSINESS SECTOR: Commercial Property
TRADE TYPE: Investment Properties
SALE: Agent Sale

FREEHOLD:

£380000
 

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BUSINESS DETAILS:

The Property
A substantial property with accommodation over 3 floors providing 10 bed sitting rooms and 2 self contained flats. The property is licensed by the local authority as a house in multi occupation (HMO) and has been considerable refurbished over more recent years.

Letting Accommodation
Communal entrance hallway.
Ground floor:-
2 large double bed sitting rooms with fitted kitchenettes and ensuite shower rooms.
Communal dining area.
Communal kitchen.
First floor:-
3 double bed sitting rooms with fitted kitchenettes and ensuite shower rooms.
1 single bed sitting room with ensuite shower room.
Communal WC.
Second floor:-
3 double bed sitting rooms and 1 single bed sitting room.
Communal bathroom.
Ground floor flat:-
Accessed by its own entrance door from the front of the property, comprising lounge with kitchenette, bedroom and wet room.
First floor flat:-
Accessed by its own staircase from the rear garden and comprising, lounge with kitchenette, bedroom and shower room.

External Details
The front garden has been concreted to provide 3 car parking spaces. The rear garden which is for the communal use of the occupiers is enclosed and laid with decking and shingle.

Fee Rates
5 x single bed sitting rooms £320.00 per month
3 x double bed sitting rooms £350.00 per month
2 x large double bed sitting rooms £370.00 per month
2 x self contained 1 bedroom flats £500.00 per month

Planning Permission
We are advised that the property is licensed by the local authority as a house in multiple occupation (HMO). The maximum number permitted to occupy is 16 persons or maximum households permitted to occupy is 11.
   
  FOR SALE
   

REFERENCE:

26016 / RightBiz
   
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