HMO PORTFOLIO: Cheltenham, > 3 x 6 bed HMO’s > 10% Gross Rental Yield > Fully Licensed To 2012 > Quality finishes and recently redecorated > No Voids > £102,960 Turnover > 3 Years’ Accounts >

Consisting of 1 x 6 bed 3 story modern terraced property, 1 x 6 bed 3 storey semi detached property and 1 x 6 bed 2 storey semi detached period property. All properties have been sympathetically and tastefully converted into multiple occupancy homes and all have been recently redecorated and re-carpeted. The properties benefited from no void periods and a guaranteed rental income from local housing benefits tenants. The properties are all currently vacant to ensure ease of viewing and a swift sale. The new owner could continue to let to housing benefit tenants or target the corporate let market where weekly rents are slightly higher.

The mean rental for each room equates to £110.00 per week, corresponding to a total annual income of £102,960 for this accounting period. Previous accounting figures support this.

HMO 1 £365,000 ref KB

Modern three storey town house in very good decorative order and located within walking distance of the town centre. Benefits include gas central heating, double glazing, small gardens and off road parking to the rear. Mains wired smoke alarms. Bedrooms 1 & 2 on ground floor, bedroom 3 on first floor, bedrooms 4, 5 & 6 on second floor. Large modern kitchen/breakfast room on the first floor. Cloakroom/shower room on ground floor. Cloakroom on first floor, Cloakroom/shower room on second floor.

HMO 2 £365,000 ref CR

A well presented bay fronted semi detached period house in good decorative order located in a popular residential area close to all amenities and local parks. Benefits include a galley kitchen, conservatory, dining room and cloakroom/shower room on the ground floor, gas central heating, mains wired smoke alarms, basement, off road parking and large rear garden.. Bedrooms 1 & 2 on ground floor, bedroom 3, 4, 5, & 6 on first floor together with a cloakroom/shower room. See Development Opportunity.


HMO 3 £275,000 ref HR

A recently redecorated 3 bed semi detached period house in a popular residential area close to the original GCHQ offices. Benefits include ground floor lounge, kitchen, cloakroom/shower room, outside storage and small patio/garden area to the rear. Gas central heating and mains smoke alarms as standard. Bedroom 1 is on the ground floor, bedrooms 2 & 3 are on the first floor along with a shower/cloakroom and bedrooms 4, 5 & 6 are on the first floor.

DEVELOPMENT OPPORTUNITY

HMO 2 in line with 12 other owners within the street have the opportunity to develop part of their extensive rear gardens into 14 x 3 bed houses. All parties are in agreement and planning is likely to be granted. For an additional £60,000 the vendor will relinquish all rights to the development opportunity and grant them to the purchaser.

The properties may be available to be acquired separately.

Please email me if you have any further questions or queries.

07785 350840

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