Super 8 Bed Pro HMO

Newbold Back Lane, Chesterfield, S40

REF 4272

  • INVESTMENT

    £625,000

  • GROSS YIELD

    9.37%

  • ANNUAL RENT

    £58,536

Super 8 Bed Pro HMO For Sale
For Sale
  • INVESTMENT

    £625,000

  • GROSS YIELD

    9.37%

  • ANNUAL RENT

    £58,536

  • REF

    4272

DESCRIPTION

We are thrilled to present this multi-unit investment opportunity in Chesterfield! Consisting of a popular corner shop, a care home / supported accommodation HMO facility for care leavers, and a 1 bedroom apartment used to provide supported accommodation for ages 18+. Thoughtfully designed with meticulous attention to detail, together with a combined income of £58,540 per annum, this property is a great prospect for the astute investor.

The corner shop occupies the ground floor (No. 2), with a commercial lease in place until May 2035. The care home / HMO is located on the first and second floors, consisting of 6 en-suite bedrooms, an office, guest WC, a good sized kitchen/diner with a separate utility, and has a useful store on the ground floor. Additionally, there is ground floor access to the 1 bedroom studio apartment (No. 6 – annex to No. 4). There is a lease agreement over both residential units, with the income set to rise after the next review in February 2024.

Chesterfield town centre is accessible via public transport within 20 minutes, car in less than 10 minutes, or by foot in 30 minutes, where many amenities and eateries can be found. Chesterfield Train Station also provides links to further afield towns and cities, the closest city being Sheffield (under 15 minute train journey).

Income;

£58,540 PA

Corner Shop Lease – £9,100 PA (+VAT)

Residential Lease – £49,440 PA (zero-rated), rising to £52, 296 PA in Feb 2024

Expenditure;

Lease holders cover bills and management.

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Features

  • Fully Tenanted
  • Fully Refurbished
  • Great Location
  • Strong Rental Demand
  • Capital Growth Potential
  • Good Transport Links
  • Fully Managed
  • Shared Kitchen Dining Area
  • HMO Compliant Fire Alarm
  • Company Let
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FINANCIALS

  • Investment £625,000
  • Gross Annual Rent £58,536
  • Gross Monthly Rent £4,878
  • Gross Yield 9.37%
  • Net Monthly Rent £4,828
  • Net Yield 9.27%
  • Min 25% Deposit Requirement £156,250
  • Monthly Mortgage Payment* £1,953
  • Monthly Cashflow £2,875

*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.

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Fees

  • Buyers Fee £0

The fee charged to the buyer in addition to the purchase price.

  • Reservation Deposit --

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 £625,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Flat
  • Garage None
  • Tenure Leasehold
  • Garden None
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces 2
  • Heating Gas Central Heating
  • EPC Rating 71C
  • Size
  • Listed Building No
  • Kitchens 2
  • Single Ensuite 6
  • Kitchenettes
  • Reception Rooms 2
  • Ensuite Bathrooms 6
  • Studio 1
  • Seperate WCs 1
  • Property Type House
  • Double Glazing Full
  • Sub Type Flat
  • Garage None
  • Tenure Leasehold
  • Garden None
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces 2
  • Heating Gas Central Heating
  • EPC Rating 71C
  • Size
  • Listed Building No
  • Kitchens 2
  • Single Ensuite 6
  • Reception Rooms 2
  • Ensuite Bathrooms 6
  • Studio 1
  • Seperate WCs 1
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Photos

Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
Super 8 Bed Pro HMO For Sale
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VIRTUAL TOUR

Use the most immersive way to experience a property online. Take a virtual tour.

Use the most immersive way to experience a property online. Take a virtual tour.

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Rental

  • Tenant Type
  • LHA
  • 12 Month Occupancy
  • 100
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Company Let
  • No. of Tenants
  • 99
  • Tenant Type
  • LHA
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Company Let
  • No. of Tenants
  • 99
  • Unit 1
  • £758
  • Let
  • Shop (Retail)
  • Unit 2
  • £4120
  • Let
  • HMO Property
  • Total £4878
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Costs

  • Gas
  • Water
  • Wifi
  • Electric
  • Cleaner
  • TV Licence
  • Insurance £50
  • Council Tax
  • Gas
  • Water
  • Wifi
  • Electric
  • Cleaner
  • TV Licence
  • Insurance £50
  • Council Tax
  • Total £50
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2028-04-21
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1000
  • Units of Accomodation 6
  • Licensing Authority Chesterfield Borough Council
  • HMO License Required Yes
  • HMO License Expiry 2028-04-21
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1000
  • Units of Accomodation 6
  • Licensing Authority Chesterfield Borough Council
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Management

  • Type Self Managed

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FLOOR PLAN

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LOCATION

Chesterfield, S40 4BJ, United Kingdom

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BROCHURE

Download the investment brochure
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To find out more or arrange a viewing regarding this HMO opportunity, feel free to get in touch.
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