Bristol - 5 Bedroom Fully Tenanted HMO Readymade and Income Producing
Aug 11th, 2021 at 10:41 Real Estate Bristol 107 views5 Bedroom Fully Tenanted HMO
Readymade and Income Producing
Sheepwood Road, Bristol, BS10 7BP
Purchase Price = £290,000
Finder’s Fee = £4,000 + Vat
Current Gross Income = £2,190 pcm = £26,280 per annum
CASHFLOW AFTER ALL THE ABOVE COSTS
Managed = £823 pcm = £9,876 per annum
Self Managed = £1,086 pcm = £13,032 per annum
For a limited time only, we have managed to secure readymade, fully tenanted 5 Bed HMO in Bristol.
The property is situated in a fantastic location close to one of the biggest hospitals in Southwest UK – Southmead.
The main employers in the area are Southmead Hospital, Rolls Royce, Airbus, Ministry of Defence, B&Q, and other major shops in Cribbs Causeway shopping center. These employers are just a short bus/car ride from the property.
The property is currently being run as an HMO with a license valid until October 2024, occupied by working professionals and it benefits from 5 double bedrooms, 2 bathrooms, big kitchen, dining room, conservatory garden and off-street parking. There is also a scope to increase current room rentals.
The property is situated in area that has great transport connections, close to shopping centre, restaurant, pubs, and other local amenities the city has to offer.
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