Established large HMO offering 22 occupied rooms situated in the centre of Great Yarmouth producing a gross income of £117,480.

Compliant HMO established for over 30 years with lawful use provided in 2014. Offering 22 occupied rooms with all tenants having a licence to occupy. Each room has its own bathroom facilities and there are four shared kitchen facilities for tenants use. The property has been producing a gross income of £117,480 and a net income of £85,000 with each tenant paying £445 pcm. The basement of the building offers potential for a further 4 rooms this would increase the current yield. The building has a fire and electrical certificates and each room has its own Metro metre for electric supply.

Tenure

Freehold

Energy Efficiency Rating (EPC)

Current Rating E

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Great Yarmouth Borough Council

Additional Fees

Buyer's Premium - £960 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.