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Related Ads > Norfolk Business for Sale > Investment Properties to Lease > Investment Properties in Kings Lynn for Sale 

High Rental Hmo Property For Lease

Kings Lynn Norfolk
The property comprises of 7 bedrooms with a HMO licence in place over two floors, property has recently undergone refurbishment to comply with all HMO regulations. Lease to let or rent High Rental Hmo Property For Lease is located in Norfolk.
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 66224
ADVERT IMPRESSIONS : 8,170 TIME(S)

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

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BUSINESS DETAILS:

The rent recived in total is £430 per week under full occupancy and property maintians 90 to 100% occupancy at all times. This equates to rental income of £23,920 Gross. Bills which are paid by landlord are approximatley £3300 for electrcity, £1250 rates and £1000 water, leaving profit before tax of £17,920. Rent is collected weekly and therefore the time spent in running this business is minimal. A lease is offered for sale for £13000 per annum and term considered minimum of 10 years but can be subject to negotiation, the sale is offered without any premium. The property is suituated in Kings Lynn which due to location there is always a high demand for room rentals. The property is situated over two floors in area of Kings lynn just off from main high street. The premises offer individual rooms, all other facilities are shared including 2 bathrooms and kitchen. The shared facilities are fully equipped and the property also has had a brand new fire alarm installed.
   
  FOR SALE
   

REFERENCE:

66224 / RightBiz
   
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