HMO property for Sale

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Offers in the region of £365,000

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Essential Infomation

Price : Offers in the region of £365,000

Property Type: Flat
4 Bedrooms
2 Bathrooms
1 Reception
Kitchen-Diner
Off-road Parking
On-road Parking
Garden
En-suite
Furnishing: Furnished
Tenure: Leasehold
Sale classification: Below Market Value
Current Occupant: External Tenant
Fridge Freezer
Microwave
Full Double Glazing
Washing Machine
Oven/Hob
Gas Central Heating
Combi Boiler
Size

Reference number : sequence_1979923035

Admin fees : No admin fee

Description

Sequence Properties are pleased to offer this high yielding, well maintained HMO property, located in an well established residential area with local shops and amenities nearby.

Key Features

Period HMO building comprising:

- 2 shower and 2 toilets
- Open plan kitchen
- Recently renovated in 2016
- Internal area: entrance door, hall, 2 x toilet/bathroom, kitchen, lounge, and four bedrooms.
- External area: parking spaces and communal garden
- Lease extended for 90 years in 2017

Service charge is £70.86 pcm

Property subject to:

· 4 Assured Shorthold Tenancies

Overall GIA (including common parts): 69.50 sq m (748.09 sq ft)
Total Current Gross Rent: £41700 per annum
Leasehold – 90 years left

· 4 Week Completion Available

· Off street parking facility available, small storage/garage available

· Location on first floor

· Closest station – Potters Bar

Rental Income

	Terms	Rent Per Month	Annual Rent
Room 1	Occupied Rolling Contract	£500.00	£6,000.00
Room 2	Vacant	£500.00	£6,000.00
Room 3	Occupied Rolling Contract	£450.00	£5,400.00
Room 4	Occupied until Dec 2020	£450.00	£5,400.00
		£1,900.00	£22,800.00

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Tenure : Leasehold

Floor Plan

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Potters Bar, EN6 2RN

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