REF 3923
INVESTMENT
£2,000,000
GROSS YIELD
8.32%
ANNUAL RENT
£166,476
This professional 33-bedroom HMO in Burslem, Stoke-on-Trent, offers a substantial investment opportunity with a purchase price of £2,000,000. The property generates a gross annual rent of £165,000, yielding 8.32%. It is fully tenanted under a company let with an FRI lease, ensuring a steady rental income.
The property is a fully refurbished, detached block, boasting 33 en-suite studio rooms spread over 10,764 sq ft. It includes 4 kitchens, 3 kitchenettes, and 2 reception rooms, with off-road parking for 8 vehicles.
The whole property is let to ‘Above n Beyond Ltd’ Reg No 07945787 www.above-n-beyond.co.uk who offer support and housing to young people.
*Based on 75% LTV 2.5% APR. Note. Always speak to a qualified HMO mortgage broker for an accurate quote. These rates are an example of the potential % APR rates only. Visit theHMOmortgagebroker.co.uk to find out the latest HMO mortgage rates.
The fee charged to the buyer in addition to the purchase price.
The deposit amount to secure the HMO opportunity. This is fully refundable in accordance with the terms & conditions (see FAQs) and is deducted from the purchasre price upon completion. In the case of this property, the reservation deposit is -- then the balance due on completion is £2,000,000.
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