This fully licensed 5-bedroom HMO, recently refurbished to an excellent standard, offers a prime investment opportunity. Extending to approximately 1,800 sq ft, the property is fully operational and generates a gross annual income of £42,000, delivering an impressive 11.5% yield.

The accommodation is spread across three floors, featuring an entrance hall, lounge, kitchen, bedroom, and bathroom on the ground floor. The first floor includes three additional bedrooms and a bathroom, while the second floor offers two further rooms. A rear courtyard garden, with side access, provides space for bike storage. Ideally located across from the local Co-op and just a 10-minute walk from Nottingham University, this property is situated in the heart of Beeston.

Tenure

Freehold

ACCOMMODATION

GROUND FLOOR

Entrance hall, lounge, kitchen, bathroom and room one.

FIRST FLOOR

Landing, bedroom two, bedroom three, bedroom four and bathroom.

SECOND FLOOR

Room five, spare room.

OUTSIDE

A courtyard garden with access to the side.

Energy Efficiency Rating (EPC)

Current Rating E

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Broxtowe Borough Council

Additional Fees

Buyer's Premium - The purchaser will be required to pay an administration charge of £3,600 (£3000 PLUS VAT)

Administration Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.