Sole Agent
A top quality lodging house close to the town centre with a current gross income of £65,780 providing a return of 9.5%. The accommodation over three floors compromises six units all let with established tenants. A rear garden provides space to relax on warm days and a communal laundry room is equipped with washing and drying machines. All units are unqualified and the property is 100% owned in a clean company meaning the new owner can purchase without the need to pay stamp duty on the transaction.
GROUND FLOOR
Flat 1
Double bedsitting room with kitchenette. This room is serviced by a bathroom in the communal hallway. Current rental £205 per week. Registered for 2 persons.
Flat 2
Double bedsitting room with separate kitchen and ensuite shower room. Access to rear garden. Current rental £215 per week. Registered for 2 persons plus 1 child up to 5.
FIRST FLOOR
Flat 3
Double bedsitting room with kitchenette. This room is serviced by one of two shower rooms on the communal landing. Current rental £195 per week. Registered for 2 persons.
Flat 4
Double bedsitting room with separate kitchen. This room is serviced by one of two shower rooms on the communal landing. Current rental £230 per week. Registered for 2 persons plus 1 child up to 5.
SECOND FLOOR
Flat 5
Double bedsitting room with kitchenette. This room is serviced by a bathroom on the communal landing. Current rental £195 per calendar month. Registered for 2 persons.
Flat 6
Double bedsitting room with separate kitchen and ensuite shower room. Current rental £225 per week. Registered for 2 persons plus 1 child up to 5.
OUTSIDE
Rear garden with tables and benches for residents. Communal laundry with wash and dry machines.
MANAGEMENT
The property is currently managed by HDM Property Limited who are happy to continue if required.
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