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Fully Refurbished HMO 10% Yield

Poole, Dorset
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Fully Refurbished HMO - 10% Yield Photo 1
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Fully Refurbished HMO - 10% YieldFully Refurbished HMO - 10% YieldFully Refurbished HMO - 10% YieldFully Refurbished HMO - 10% YieldFully Refurbished HMO - 10% YieldFully Refurbished HMO - 10% YieldFully Refurbished HMO - 10% Yield
  • Status

    FOR SALE

  • Date Submitted:

    17/10/19

  • Advert ID

    250989

  • Reference

    H22113 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £575,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Key Features

  • With Accommodation

Business Details

Fully Refurbished HMO 10% Yield

Goadsby Commercial present fully refurbished including two storey extension completed May 2019. Commercial quality vinyl flooring throughout. Digital door entry to each letting room. Fitted window blinds. Full gas fired central heating. UPVC double glazing throughout. Guaranteed fully managed income offering 7% return on investment if required. Floor plans available by request.

SUMMARY OF ACCOMMODATION
7 Letting Rooms (6 en-suite each with kitchenette and 1 with private facilities). Fully fitted Kitchen. Shower Room (Private to Room 5).

LOCATION
Parkstone shopping thoroughfare (main bus route) approx. 0.4 miles. Branksome Mainline Railway Station approx. 0.9 miles. Bournemouth University approx. 2.2 miles. Poole Hospital approx. 2.5 miles. Bournemouth Town Centre within 3 miles. Poole Town just over 3 miles.

TRADING & BUSINESS
A 10% return on investment is currently being achieved. The individual room rents as at the 3rd August 2020 were:

Room 1 £170 p.w.   Room 4 £140 p.w.   Room 7 £170 p.w.
Room 2 £195 p.w.   Room 5 £120 p.w.    TOTAL £1,145 P.W.
Room 3 £170 p.w.   Room 6 £180 p.w.   

LICENCES/PERMISSIONS
We understand the premises benefit from an HMO licence for 7 households.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Fully Refurbished HMO 10% Yield - H22113 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.