HMO Investment, 2, Coronation Road, Southville, BS3 1AA
Sold, £415,000


Key Features

  • *** QUICK SALE REQUIRED ***
  • FREEHOLD INVESTMENT
  • CLOSE TO CITY CENTRE
  • 6 ENSUITE BEDROOMS
  • FULL HMO LICENSE

THE PROPERTY

A mid terraced Freehold period property ( 1687 Sq Ft ) that was renovated as a licensed HMO in 2006.
The accommodation comprises 6 en suite bedrooms and a communal kitchen area.
Please note flying freehold with adjoining property - refer to online legal pack.

VIEWING

*** Please note only two out of the six rooms are available to view ***

if you would like to arrange a viewing please contact Hollis Morgan.

LOCATION

The property is located at the City end of Coronation Road betwixt popular Southville and the vibrant City centre. Temple Meads Railway station and Temple Quay are within walking distance.

THE OPPORTUNITY

HMO INVESTMENT INCOME £50,340 pa

Current income lets on periodic AST agreements;

ROOM 1 -
£600 pcm ( Previously £650 pcm )

ROOM 2
£600 pcm

ROOM 3
£800 pcm

ROOM 4
£700 pcm ( Previously £750 pcm )

ROOM 5
£795 pcm

ROOM 6
£700 pcm ( Previously £750 pcm )

Subject to some basic updating there may be scope to further increase the income.

APPROXIMATE COSTS PROVIDED BY VENDOR

Gas - £200 pcm
Electric - £280 pcm
Water - £60 pcm
Council Tax Band B

B & B / HOTEL

The owners have previously ran the property as a B & B using the website booking.com and achieving £50 – £60 per room per night with a high occupancy rate. Buyers should make their own enquiries.


Facebook Twitter Instagram LinkedIn You Tube AllAgents