Property description
++11 BED SITS ++ REGISTERED HMO ++ HIGH OCCUPANCY RATES ++ IMPRESSIVE RETURNS ++ CIRCA 15% NET ++
Period terrace property laid out over 5 floors as 11 Room House of Multiple Occupation registered for 14 persons, each room having combined living & kitchen facilities. Full occupancy gross income £36,764.00 per annum at current room rents. Net income after fixed costs Circa £30,000. an impressive 15% net return based upon asking price. FREEHOLD. Council Tax Band D. Viewing strictly by appointment. AST's, accounts, insurance & compliance documentation can be viewed. Details ask for Andrew Atkins.
AMBERLEY FLATS, 8 WEST PARK TERRACE, SCARBOROUGH All rooms have cooking & living facilities, others have private shower & WC, each room has a separate electric card meter, top up cards bought from the landlord, gas central heating is provided to each room & communal areas by the landlord on a timed basis, this can be regulated in each room. The rooms are currently offered unfurnished. Cleaning to the common areas including bathrooms is currently provided by one of the residence by arrangement. Sale to include fixtures, fittings & white goods.
GROUND FLOOR Entrance porch & hallway. Rooms 1 & 2. Shared WC. Hall radiator.
LOWER GROUND FLOOR Back door, boiler room & storage. Rooms 7 & 8. Landing radiator.
FIRST FLOOR Rooms 3 & 4. Shared shower room & WC. Landing radiator.
SECOND FLOOR Rooms 5 & 5a. Shared shower room & WC. Landing radiator.
TOP FLOOR Rooms 6, 6a & 6b. Shared shower room & WC.
SERVICES Mains supplies of water, electricity, gas and drainage are connected to the property. (Please note it is not company policy to test any services or appliances in properties offered for sale, and these should be verified by purchasers).
DISCLAIMER These particulars are subject to constant review and updating. Comments under tenure, council tax, planning use and service availability are provided for guidance only and are not based on formal enquiry, which is outside the scope of our agency instructions. It remains for a purchaser to satisfy themselves as to the facts. We cannot therefore accept any responsibility for information provided in good faith which may subsequently require amendment. Measurements provided are approximate only and should not be relied upon for other purposes. Features described in these particulars do not warrant or imply that the specification of each room are the same, the comments offered are an illustration only of points of interest.
Property Features :
- 14 PERSONS REGISTERED HMO
- SHARED FACILITIES
- RENTS PAID WEEKLY
- Chain Free