5 Bedroom Fully Licenced HMO Residential Investment

An opportunity to acquire a 5 bedroom fully occupied HMO bay fronted property, currently let at £1700 p/c/m, therefore currently producing an gross annual income of £20,400 per annum. No internal inspection has been carried out; however, we are informed that the property has been recently refurbished. We are also advised that the current managing agent would be happy to continue the management of the house. The house located close to the University Campus at Treforest whilst also offering good access to the A470 and M4. A good range of shops and amenities along with several schools are locally positioned. Accommodation (Not inspected but advised to comprise of the following)

Tenure

Freehold

Council Tax Band B

Ground Floor:

Hall, bedroom, communal lounge, kitchen, 2 x bathroom.

First floor:

Landing, four bedrooms.

Outside:

Garden to rear.

Tenure:

Advised Freehold

Tenancies:

The property is currently let at £1700 per calendar month, therefore producing a gross annual income of £20,400 per annum.

Viewings:

Through Auction House Wales on 02920 475184

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Rhondda Cynon Taff County Borough Council

Solicitors

Ackland & Co Solicitors, 68 Llandaff Road, Ref: Ackland & Co Solicitors, Tel: +44 (0) 29 2064 1461

Additional Fees

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.