Investment Opportunity

A freehold HMO investment opportunity comprising a substantial detached Victorian property with further additions split into 4 flats with 19 en-suite rooms and five studios. There is associated kitchen / communal space and off-road parking for 6/7 vehicles.

The property is fully compliant and is currently managed by a local managing agent who has competently managed. The property has averaged a 95% occupancy rate and fully let returns a gross income of around £145k PA giving a net yield of around 6.5% PA.

The property is prominently located giving easy access to local services and is adjacent to tram and bus stops.

An excellent opportunity, please enquire for further details.

Viewing strictly by appointment only via sole selling agent, Alexanders of Melton Mowbray (01664) 896332.

General Description - A freehold HMO investment opportunity comprising a substantial detached Victorian property with further additions split into 4 flats with 19 en-suite rooms and five studios. There is associated kitchen / communal space and off-road parking for 6/7 vehicles.

The property is fully compliant and is currently managed by a local managing agent who has competently managed. The property has averaged a 95% occupancy rate and fully let returns a gross income of around £145k PA giving a net yield of around 6.5% PA.

The property is prominently located giving easy access to local services and is adjacent to tram and bus stops.

An excellent opportunity, please enquire for further details.

Viewings - Viewing strictly by appointment only via sole selling agent, Alexanders of Melton Mowbray (01664) 896332.

Measurements - Every care has been taken to reflect the true dimensions of this property but they should be treated as approximate and for general guidance only.

Tenure - Freehold.

Money Laundering - Where an offer is successfully put forward, we are obliged by law to ask the prospective purchaser for confirmation of their identity. This will include production of their passport or driving licence and recent utility bill to prove residence. Prospective purchasers will also be required to have an AML search conducted at their cost. This evidence and search will be required prior to solicitors being instructed.

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