This is a truly incredible investment opportunity, this property consists of 10 double ensuite rooms, 2 doubles, 2 single ensiute rooms, 1 single and 3 two bed flats. This is a unique opportunity to buy a fully tenanted, cash flowing property that is currently achieving £84,396 rental per year.
The current landlord has put together a brochure explaining how to increase the annual income to £95k without further expenditure!
This is the perfect opportunity for experienced investors and new investors, the landlord is happy to do a full handover with the incoming buyer, even offering zoom calls to ensure a smooth transition to the new owner.
*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 £595,000.
Thornton Road, Morecambe, LA4 5PE, United Kingdom