- RARE INVESTMENT OPPORTUNITY
- HMO APPROVED - 12 x BEDROOMS
- HIGHLY SOUGHT AFTER LOCATION
- LET UNTIL SUMMER 2022 AT £59,443 PA
- IMPRESSIVE & CHARACTERFUL INTERIOR
- HYDE PARK CORNER LOCATION - NOT TO BE MISSED!
- EPC - D
A FANTASTIC OPPORTUNITY TO PURCHASE A SUBSTANTIAL PERIOD INVESTMENT PROPERTY SITUATED IN THIS PRIME LOCATION, JUST OFF HYDE PARK CORNER, WITHIN EASY WALKING DISTANCE TO AMENITIES, CLOSE THE OPEN GREEN SPACES OF HYDE PARK, THE UNIVERSITIES AND CITY CENTRE.
The HMO licence permitted level of occupancy is a maximum of 12 persons at expires on 7th August 2022.
This 12 x BEDROOM STUDENT HMO will not disappoint and provides an impressive, generously proportioned interior with a beautiful large entrance hall, open plan to the ORIGINAL CHARACTERFUL STAIRCASE! FULLY LET UNTIL 30TH JUNE 2022 AT A GROSS RENTAL INCOME OF £59,443 p/a! Being sold as an on-going concern with immediate income on completion and no letting management tie in, allowing buyers the opportunity to self manage or appoint their own preferred letting agent. Situated in one of the prime letting locations, the property is likely to attract high levels of interest and must be an excellent choice for any established discerning investor. We would urge EARLY INSPECTION to appreciate the property features, generous sizes and very well managed accommodation!!
The current owners have obtained a Certificate of Lawful use, with planning approved as a LARGE HMO.
In brief the property comprises; entrance hall, 12 x double bedrooms, most with wash basins, 2 x fully fitted modern dining kitchens, 4 x quality wc and bathroom facilities, super-size communal lounge and very spacious hallways and landings. There is also a good sized basement, offering further potential for living space subject to the usual planning consents!!
Externally there are gardens to the front and side, enjoying a sunny afternoon aspect for tenants to enjoy valuable sitting out space.
Points to note:
We understand the tenants have a separate all inclusive utility plan, including electricity, gas, water, basic contents insurance, tv licence and broadband at £14pppw.
The property had previously had planning approved for a change of use as an HMO (Sui Generis) to form an 8 x bed HMO and a three bed HMO (C4) dated November 2016, which has since elapsed in 2019 (Application No: APP/N4720/W/16/3156211)