The Details
Floorplans Fees apply: Our fees Property ref: 12662241 Council tax band: C
- Unique Investment Opportunity
- 4 Bedroom HMO
- Maisonette
- 30% Share of Freehold
- 989 Years on Lease
- £37,440 pa rental Value
- Circa 9.9% gross Yield Possible PA
- EPC: D
- Council Tax: C (Student Exemption Applies)
- Asking: £375,000
Coapt are delighted to present this exceptionally rare opportunity to acquire a unique and highly lucrative investment property.
Positioned on Bedford square, with views of the sea, this Grade two listed building is of huge appeal to a range of tenant and buyer types, ensuring long term security of investment. The property holds a full additional HMO license, for four occupiers, and holds right of use as a C4 dwelling (HMO Planning consent). Currently occupied on a fixed term AST until summer 2025, the property returns a gross rental of £2,426 pcm. However, owing to the prime location of the site, and its condition, Coapt forecast a re-let value of £3,120 pcm.
£3329.40
Spanning the second and third floors of the building, the flat is one of five under the freehold. Each of these properties holds a share of freehold, though this flat has the larger share (30%), allowing for increased control on decisions made on the site. The service charge includes payments into the sinking fund, and totals just £277.45 a month, paid twice annually.
Holding the options of continued rental as a high retuning HMO, conversion to a high value residential dwelling, or re-sale to the residential market, this property boasts a range of lucrative future options.
What's nearby?
- Bars
- Cafés
- Convenience Stores
- Dentists
- Doctors
- Hospitals
- Laundries
- Libraries
- Off Licenses
- Night Clubs
- Pharmacies
- Post Offices
- Train Stations
- Universities
Please note that any places of interest are from Google Places, we can't guarantee their accuracy or relevance, and Coapt does not endorse them in any way.