3 bed property for sale For sale

Address: ************

More information

Auction: Yes

Market Status: For sale

Schools: ************

Transport: ************

HMO Status: Existing HMO

NEAR UNIVERSITY: YES (Dist: 0.85 miles)

NEAR TRAIN STATION: YES (Dist: 0.75 miles)

NEAR BUS STATION: YES (Dist: 0.50 miles)

NEAR HOSPITAL: YES (Dist: 0.90 miles)

About this property

This fully tenanted mixed-use freehold investment delivers a current gross yield of 15.6% at the guide price of £150,000, generating £23,340 per annum across four separate tenancies. The property comprises a ground floor retail unit currently let to an established cake shop at £550 pcm, plus a self-contained three-bedroom HMO maisonette above accessed via a separate entrance. The first floor features a fully-equipped kitchen and two en-suite bedrooms let at £500 pcm each. The second floor houses a further spacious en-suite bedroom at £495 pcm, with an immediate uplift opportunity to £550 pcm available, increasing annual income to £24,000 and gross yield to 16.0% with no capital works required. This investment property offers strong and consistent rental demand in the area. For sale by secure online auction. Full legal pack available on request. Multiple supermarkets, gyms, parks, shopping centres, and schools are within 1.0 mile.