Converted Former Doctor Surgery
High £62,400 PA Gross
Brilliant Investment Opportunity
Mix of HMO room and Apartments
Parking for Several Cars
Bills £7,272 PA
An impressive investment opportunity in Farnworth, Widnes which is being offered at a near 12% gross yield at full occupancy. Renovated and developed by the current owner, he has enjoyed very steady tenants and near full occupancy thanks to the internal condition and features and the ample external space and parking.
The property is essentially split into 3 different entities;
1 - 2 x immaculate and high-spec 1-bedroom apartments which achieve £650 PCM each and benefit from their own services, meters and water supply which the tenants cover the bills for
2 - upstairs is a spacious 3-bedroom HMO with a good sized kitchen and bathroom providing the tenants with bags of space to feel comfortable and stay for extended periods
3 - accessed to the rear is a further 5-bedroom HMO which is in excellent condition and 2 bathroom facilities and a large kitchen
To the front there is parking for around 7 vehicles
The average room rate for the HMO rooms is £115 per week, per room
The landlord has identified the following bills: Council Tax £137 PCM, Water/Gas/Elec £286 PCM, Wifi £53 PCM, Cleaner £100 PCM, Window Cleaner £30 PCM
We recommend moving quickly on this property as it is an exceptional income producing investment
Buyer's Fee Applies.