Property description
A rare opportunity to purchase a seven bedroom operating house of multiple occupancy (HMO). The property is located just outside the city Centre of Chichester and is being sold as a going concern. When full could generate £38,959.92 per annum gross. There is also potential to improve and update the property which could lead to increased rents in the future. The property is arranged over three stories with three units (one self-contained), the kitchen, a cloakroom and a shower room on the ground floor, three further units and a shower room on the first floor and a further self-contained unit on the second floor. The property is being sold with the current landlords fixtures and fitting which include beds, wardrobes, fridges in the rooms and the cooker and washing machine in the kitchen.
Entrance Hall
Room One - 15' 8'' x 12' 4'' (4.77m x 3.76m)
Let for £475 per calender month.
Room Two - 13' 5'' x 12' 8'' (4.09m x 3.86m)
Currently empty but we understand has previously been let for £465 per calender month.
Kitchen - 18' 2'' x 8' 10'' (5.53m x 2.69m)
Cloakroom
Ground Floor Shower Room
Room Seven - 14' 7'' x 13' 0'' (4.44m x 3.96m)
A self contained unit with its own kitchen, shower room and a double glazed conservatory measuring 12'2'' x 8'1''. Currently let for £575 per calender month.
First Floor
Room Three - 12' 4'' x 8' 11'' (3.76m x 2.72m)
Currently let for £75 per week equating to £325 per calendar month.
Room Four - 13' 5'' x 12' 10'' (4.09m x 3.91m)
The caretakers room currently let for £95 per week which equates to £411.66 per calendar month.
First Floor Shower Room
With a shower, wash hand basin and w.c.
Room Five - 13' 0'' x 12' 8'' (3.96m x 3.86m)
Currently let for £450 per calendar month.
Second Floor
Room Six - 17' 5'' x 12' 5'' (5.30m x 3.78m)
With its own shower room and currently let for £545 per calender month.
Front Garden
Arranged as parking.
Rear Garden
A communal space laid to patio and shingle.
The landlord currently pays the council tax, gas, water and the electric for the lighting. In each room there is a coin fed meter for the electric power point and there are coin fed meters in the kitchen.The property is a registered HMO with Chichester District Council licence number 07/00017/HMO