INVESTMENT
WHY BUY?
Guaranteed rent until 2017
Income of £650pcm/£7800pa
Advertising board £1000pa
5 bedrooms
Fully furnished
DESCRIPTION
This is a 5 bedroom mid terrace property let as a HMO by way of a 5 year tenancy. The property is rented at £650pcm and runs until the 1st of April 2017 giving a guaranteed income for 12 months and potential to negotiate a new 5yr lease. Each bedroom/bedsit is fully furnished with a bed, wardrobe, chest of drawers, armchair, table & dining chair. The communal kitchen is furnished with white goods and all cutlery, crockery and utensils are provided. The property also benefits from partial double glazing and central heating. The property also benefits from an advertising hoarding to the gable end which is on a long lease of £1000pa. Therefore the current annual income is £8,800pa.
LOCATION
The property is ideally located on Kensington in a popular student area within walking distance to numerous shops and the Royal Liverpool Hospital. Liverpool City Centre is about 1.5 miles away with both universities within walking distance from the property.
ACCOMMODATION
ground floor: Communal lounge, communal kitchen, WC
First floor: 3 x bedrooms
Second floor: 2 x bedrooms, communal bathroom
Outside: Yard to the rear, advertising board to side elevation