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+++ FULLY LET and licensed HOUSE OF MULTIPLE OCCUPATION (HMO) generating circa £30,680PA. Equates to GROSS YIELD OF 13.9%!!!! +++
38 Albemarle Crescent comes to the market for the first time in 17 years and offers any buyer a HIGH RETURN ON INVESTMENT. The HMO license runs until 2022 and this opportunity only comes to the market due to our client's other business interests. Rents are upto date at the time of bringing the property to the market and the owner has an agreement with the tenant who has occupied the basement flat for 11 years, to assist him in managing the property. The property has recently been rewired however some cosmetic improvement will be necessary in the short to medium term.
2 bedroom maisonette £100 per week
Ground floor 1 bed self contained flat £90 per week
First floor flat-let (shared bathroom) £70 per week
First floor flat-let (Shared bathroom) £85 per week
Second floor flat-let (shared bathroom) £70 per week
Third floor self contained 1 bed flat. £90 per week.
Second floor flat-let. £85 per week
To be inserted once received.