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Energy Performance Certificate (OR Home Report)Offered for sale is this six-bedroom, fully licensed HMO situated on St Augustine Avenue in Grimsby.
The property presents an excellent opportunity for investors looking to add an established, income-producing rental property to their portfolio, with six tenants currently in occupation producing a Gross rental income of £28,080 per annum.
The accommodation comprises six bedrooms, a good-sized fitted kitchen, a spacious lounge/diner, a ground floor shower room and a first floor family bathroom/WC.
Externally, the property benefits from a good-sized rear garden, providing useful outdoor space for tenants.
The property is currently fully tenanted and professionally managed, providing an immediate rental income from completion.
With an existing HMO licence and compliance documentation in place, including fully established and compliant Assured Shorthold Tenancies (ASTs)/occupancy licences, this is an ideal opportunity for both experienced landlords and those looking to enter the HMO investment market.
Situated within an established residential area of Grimsby, the property benefits from convenient access to local shops, amenities and public transport links.
Grimsby town centre is also within easy reach, offering a wider range of shopping facilities, restaurants and services.
Established six-bedroom licensed HMO.
Six tenants currently in occupation.
Gross rental income of £28,080 per annum.
Projected net annual income of £21,060.
Freehold property.
Fully established and compliant tenancy agreements/licences.
Existing HMO licence and compliance documentation.
Professionally managed investment.
Immediate rental income from completion.
An excellent opportunity to acquire an established, fully occupied HMO investment generating a projected 10% net annual return, with tenants in situ and established management arrangements.