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SOLD OR WITHDRAWN FROM THE MARKET
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Freehold 6 Beds 4 Bathroom HMO Property For Sale Near Hospital [High Yield Ready made Investment]

Gillingham, Kent
Freehold Price:
£300,000
Status
SOLD / WITHDRAWN
Advert ID
223000

6 Bed, 4 Bathroom HMO for sale in Gillingham, Kent [Near Medway Hospital & 3 Universities]

High Yield Ready-made Investment

- £29,400 gross rental income 
- Looking for £300k 
- Potential for increased rents 
- Fully occupied with tenants wanting to stay on [4 tenants lives over 3 years, I never increased the Rent] 
- No hassle/minimal management 
- Can be converted into 4 flats [next door has been converted]

Reason for sale - Raise money for a project.

Room NoCurrent RentPotential Rent
Room 1£450.00£480.00
Room 2£390.00£450.00
Room 3 - Onsuite£400.00£450.00
Room 4£390.00£420.00
Room 5£450.00£500.00
Room 6£370.00£420.00
Monthly Rent£2,450.00£2,720.00
Annual Rent£29,400.00£32,640.00
Listing Details
Freehold Price: £300,000
Tenure: Freehold
Location: Gillingham, Kent
Sector: Investment Properties, Commercial Properties
Financials
Annual Turnover: £29,400
Annual Net Profit: £25,300
Key Features
  • Price Further Reduced
  • Small Business
  • Attractive Business
  • Established Business
  • Home Based
  • Prime Location
  • Offers Invited
  • High Turnover
  • Close to Local Amenities
  • Potential for Alternative Use
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What's nearby
Within 1 milei:
LP Contracts Limited (Point Of Interest)
walk in centre Gillingham (Doctor)
Your Move Gillingham (Real Estate Agency)
J B Lettings (Real Estate Agency)
Thomas Fowle & Sons Funeral Directors (Funeral Home)
Twins Stars (Store)
Rehoboth Nursing Agency (Health)
Twisted Twine Designs (Home Goods Store)
Bright Learning Academy (School)
Nationwide (Atm)
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