Description
We believe this property works best at 75% or less based on an interest rate of 5%.
Do not miss the opportunity to view this fully tenanted property which is located within the popular HU5 postcode. The property offers spacious accommodation, with the benefit of three of the bedrooms having ensuites.
The property is fully let as an HMO and sits in the C4 planning use class, with certificate of lawfulness in place. Being sold as a going concern, the buyer will purchase this ready made investment with tenants and furnishings (sold as seen).
The communal space at the property provides an entrance hallway, with ground floor bedroom off, staircase to the first floor and door to the lounge/dining space. To the rear of the ground floor there is access to the second bedroom. There is a fitted kitchen with appliances that meet the council amenity standards, beyond which there is a ground floor shower room. The ground floor shower room services bedrooms 1 & 2.
To the first floor there are three further bedrooms, all with their own ensuite shower rooms. The bedrooms are neutrally decorated, and all provide double bed and suitable bedroom furniture.
The property has gas central heating, powered by an Ideal Combi boiler.
The property is located on a corner junction on Sculcoates Lane. It is across the road from a corner shop, and within walking distance of a Tesco Local and an asda store. Also within walking distance is Newland Avenue and Princes Avenue, providing a further range of shops, plus a variety of restaurants and bars. The closest bus stop is a 5 minute walk away, and buses take 10 minutes into the city centre.
The property sits within an Article 4 area which prevents the conversion of C3 (residential dwellings) into C4 HMO’s without planning permission, due to the cap on new supply the demand for these properties has gone up significantly and as such the values are strong. This property was converted prior to the implementation of the A4 and the seller can provide supporting evidence.
The current owner holds a HMO licence for the property.
To register on our buyers database, visit our website to complete the buyers registration form.
Buyers premium of £3600 inc VAT is payable upon completion. Non refundable reservation fee of £1500 plus VAT which is deducted from the buyers premium is due upon sale agreed.
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