7 bed HMO/Multi-Let for sale

Freehold Multiunit Block (MBU)

Studio Apartment - A 2-room studio apartment with kitchenette and separate bathroom. Property is located on the ground floor at the front the building and has been used for both an Airbnb and tradition letting. Newly renovated and has electric heating and hot water, electric certificate is up to date and currently has an epc rating of D which will or can now be updated to a C as the floors, walls and ceilings have been insulated since the previous epc was completed. Bringing in an estimated £1500.00pcm while it was used as an Airbnb and is currently let @ £450pcm. Note from seller:- During it’s time as an Airbnb the bookings were constant and unrelenting meaning the diary was always full and required a lot of time to be dedicated towards the property, the decision to remove it from Airbnb was made to free up time and allow a more passive income.

Flat 1 - 2-bedroom property approx. 45m2 situated on the ground floor to the rear of the building with private garden and access making it a prime let with high monthly rental yield. or ideal accommodation for a live in landlord. Newly renovated and has new gas central heating inc boiler, gas & electric certificates up to date and EPC Rating C. Property currently tenanted @ £675pcm.

Flat 2 - 1-bedroom property Approx. 30m2 located on the first floor at the rear of the building with gas central heating, this property was previously tenanted but is currently being or will need renovating. EPC Rating C. Currently void. Note from seller:- This property was tenanted for a long period time so was unable to be updated and will need fully renovating as the layout had been changed in 2008 and is unsuitable, the seller has been renovating and updating building as a whole over the past 5 years concentrating on the most important updates and properties that become void, this property is the last one in the building that requires major works.

Flat 3 - 1-bedrom property approximately 35m2 located on the first floor at the front of the building with new gas central heating inc boiler, newly renovated in 2023 with gas and electric certificated all up to date and an EPC rating C. Property currently tenanted @ £450pcm.

Flat 4 - 1-bedrom property approximately 30m2 located on the second floor at the rear of the building with new gas central heating inc boiler, newly renovated in 2024 with gas and electric certificated all up to date and an EPC rating D which will can be updated to a C as the wall’s and roof space have been insulated since previous epc was conducted. Property currently tenanted @ £475pcm.

Flat 5 - 1-bedrom property approximately 38m2 located on the second floor at the front of the building with new gas central heating inc boiler, newly renovated in 2024/2025 with gas and electric certificated all up to date and an EPC rating D which will can be updated to a C as the wall’s and roof space have been insulated since previous epc was conducted. Property currently tenanted @ £525pcm.

Communal Area - Communal area covers all 3 floors and is currently undergoing a revamp to bring it up to date a nice modern standard which will be hard wearing and durable. Note from seller:- The communal area requires a maximum of 14 days work for one tradesman to complete it to a decorated finish.

Building Façade, exterior and grounds - The building footprint is approximately 9m wide and 23m in length and 3 stores in height and grounds footprint approximately 11m wide and 30m in length. The façade has had extensive work which includes all new facia, soffits guttering, repointing and new lead roof on the bay window meaning it will last another 50 to 100 years, the work is 90% complete with the remaining work being basic re-pointing on the lower level, re-decorate the sand stone headers and window cills and replace 4 windows. The entire building has also had all new soil and vent pipes installed along with new facia and soffits on a side section with now only the basic works remaining which include decorating the window cills and a general clean if chosen. The building has had 80% of the windows upgraded to upvc with only 4 windows on the from remaining to be changed and a bay window at the rear. The garden is only in need of a clear out and re-seeding.