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Bristol - 5 Bedroom Fully Tenanted HMO Readymade and Income Producing

Aug 11th, 2021 at 10:41   Real Estate   Bristol   107 views

290,000 £

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Location: Bristol
Price: 290,000 £

5 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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Additional Details

For Sale By Agency
Property Type Houses & Bungalows For Sale
Rooms 5