Freehold investment HMO property in Dover generating £24,480 annually with 11.13% yield.
Dover, Kent
- Status
FOR SALE
- Advert ID
659362
- Reference
N1012 / Rightbiz
- Call Agent:
- Freehold: £220,000
- Turnover: £24,480 (£471 per week)
- Profit: Not Applicable
Business Details
FREEHOLD INVESTMENT HMO PROPERTY
ADVERT TEXTFREEHOLD INVESTMENT HMO PROPERTY
LOCATION
Located within walking distance to the centre of Dover with its range of amenities including shopping, educational and recreational facilities together with the Docks and seafront offering regular ferry crossings to the Continent and within easy access of the St James' Retail Park. The nearby A2 dual carriageway offers a fast connection to the Cathedral City of Canterbury. Dover Priory mainline railway station offers excellent fast speed connections to the capital.
BUSINESS
Each of the four rooms is rented at a rate of £510 pcm inc. Bills producing £2,040 pcm. £24,480 pa.
Nett yield of 11.13% before utilities.
PREMISES
Victorian mid terraced premises over 3 floors: Ground Floor: Lounge. Bedroom1. Bathroom Full suite. First Floor: Bedroom 2. Bedroom 3. Lower Ground Floor: Bedroom 4. Kitchen - Fully fitted. Door to garden.
Outside: Small grassed garden to rear.
Please Note: The premises are fitted with replacement double glazing units and FGFCH.
Total floor area approx: 70.6 sq/m (760.2 sq/ft)
TENURE
Freehold
EPC RATING
Band E
BUSINESS RATES
TBA
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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.
Be safe, use a Rightbiz Solicitor
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