Property description
With a gross yield of 11% on the present asking price and current gross rental income of £40,000 which has been secured until the end of the 2016/17 academic year it is easy to see why this property is likely to attract interest from seasoned investors looking for a more favourable return on their capital in the current climate of low interest rates.
Being offered for sale as a going concern to include all landlords fixtures and furnishings this 9 bedroomed licensed HMO property is ideally situated half way between the student area of Upper Bangor and the city centre and has proved a popular property for students which is evidenced by the fact that a contract has already been signed for the 2016/17 academic year. The property which has the benefit of gas fired central heating and double glazing to most rooms offers two kitchens, 3 shower rooms and has a large garden plot to the rear offering tremendous potential for further expansion if required, and subject to the necessary consents.
Ground Floor
Entrance Vestibule
With internal glazed doors to:
Entrance Hall - 11' 7'' x 9' 5'' (3.52m x 2.87m)
Being a spacious reception area currently used as a study area with two radiators, and staircase to first floor landing.
Bedroom 1 - 13' 8'' x 8' 1'' (4.17m x 2.46m)
Bow window to front, and double radiator.
Bedroom 2 - 13' 7'' x 8' 1'' (4.13m x 2.46m)
Bow window to front, and double radiator.
Bedroom 3 - 13' 8'' x 7' 6'' (4.17m x 2.29m)
Window to side, and double radiator.
Lounge - 14' 8'' x 11' 0'' (4.47m x 3.36m)
Window to side and rear, and double radiator.
Store Room - 8' 3'' x 3' 9'' (2.52m x 1.14m)
With rear window.
Kitchen - 19' 10'' x 9' 7'' (6.05m x 2.93m)
Fitted with a matching range of base and eye level units with worktop space over, two windows to rear, and uPVC double glazed rear door.
Shower Room
With shower cubicle wash hand basin and single adiator.
Bedroom 4 - 13' 7'' x 7' 6'' (4.13m x 2.29m)
Window to side, and single radiator.
First Floor Landing
With feature window to rear, and single radiator.
Bedroom 5 - 10' 2'' x 8' 11'' (3.11m x 2.72m)
Two windows to front, and single radiator.
Inner Landing
Door to:
Bedroom 6 - 13' 7'' x 10' 1'' (4.14m x 3.07m)
With bow window to front, and double radiator.
Kitchen - 9' 9'' x 6' 0'' (2.96m x 1.82m)
Fitted with a matching range of base and eye level units with worktop space over, and single radiator.
Bedroom 7 - 10' 6'' x 9' 11'' (3.19m x 3.03m)
With window to side, and double radiator.
Shower Room
Fitted with three piece suite comprising shower cubicle, wash hand basin and WC.
Inner Landing
Bedroom 8 - 13' 7'' x 10' 1'' (4.13m x 3.07m)
Having bow window to front, and double radiator.
Shower Room
Fitted with three piece suite comprising shower cubicle, wash hand basin and WC.
Bedroom 9 - 13' 7'' x 9' 11'' (4.13m x 3.03m)
With window to side, and single radiator.
Outside
A particular advantage of the property is the off road parking available at the side and rear of the property together with the large lawned garden at the rear offering tremendous scope for further extension if required and subject to the necessary consent.
Property Features :
- Excellent 9 Bed HMO Investment Property
- Fully Let until July 2017 in Popular Location
- Gas C/H & Partial UPVC Double Glazing
- 2 Fitted Kitchens & 3 Shower Rooms
- Large Rear Garden and Off Road Parking