Investment Properties for sale in Poole

View the "Fully Refurbished HMO - 10% Yield" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Fully Refurbished HMO - 10% Yield

Poole, Dorset, England

  • Freehold Price: £575,000
Seller Reference: H22113
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Business Description
 
 
 
 
 
 
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Seller Reference: H22113
Request Details
Business Description
FEATURES
Goadsby Commercial present fully refurbished including two storey extension completed May 2019. Commercial quality vinyl flooring throughout. Digital door entry to each letting room. Fitted window blinds. Full gas fired central heating. UPVC double glazing throughout. Guaranteed fully managed income offering 7% return on investment if required. Floor plans available by request.

SUMMARY OF ACCOMMODATION
7 Letting Rooms (6 en-suite each with kitchenette and 1 with private facilities). Fully fitted Kitchen. Shower Room (Private to Room 5).

LOCATION
Parkstone shopping thoroughfare (main bus route) approx. 0.4 miles. Branksome Mainline Railway Station approx. 0.9 miles. Bournemouth University approx. 2.2 miles. Poole Hospital approx. 2.5 miles. Bournemouth Town Centre within 3 miles. Poole Town just over 3 miles.

TRADING & BUSINESS
A 10% return on investment is currently being achieved. The individual room rents as at the 3rd August 2020 were:

Room 1 £170 p.w. Room 4 £140 p.w. Room 7 £170 p.w.
Room 2 £195 p.w. Room 5 £120 p.w. TOTAL £1,145 P.W.
Room 3 £170 p.w. Room 6 £180 p.w.

LICENCES/PERMISSIONS
We understand the premises benefit from an HMO licence for 7 households.
Tenure:
Freehold
Location Details:
Parkstone shopping thoroughfare (main bus route) approx. 0.4 miles. Branksome Mainline Railway Station approx. 0.9 miles. Bournemouth University approx. 2.2 miles. Poole Hospital approx. 2.5 miles. Bournemouth Town Centre within 3 miles. Poole Town just over 3 miles.
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