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New 10 Bed HMO For Sale

Birkenhead, Merseyside
Asking Price:
£260,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
£31,200
Cash Flow:
Under £50K

Fully Licensed 10 bedroom House of Multiple Occupancy.

Currently leased for 6 month @ £2600 PCM (net rental). This represents an annualised return of £31,200 PA which is an excellent net yield at the asking price. Since all bills and maintenance are included in the lease it is almost a passive income. Solid brick and mortar building (concrete slab structure) of above 2000 square feet. Newly refurbished including complete electrical rewiring, and new boiler and radiator installation.

The HMO comprises 10 single rooms, 5 in each level. There is one lounges and kitchen in each level, 3 shower rooms and a separate WC. Other features include boiler room, cleaners cupboard CCTV, burglar alarm and electrical shutter.

The company is now 6 years old and has been engaged in developing properties in the North West and North Wales. It is being sold as the owner is relocating to another country.

Property information

Property:

Freehold

Location:

On Laird Street in Birkenhead, about 2 kms from Liverpool tunnel. Residential area with good shopping facilities in the neighbourhood. Bus services at the door step and 5 minute walk from North Birkenhead Rail station

Premises Details:

Detached brick and mortar building with concrete slab, on two levels. Newly refurbished, including complete electrical rewiring and gas and plumbing works. Above 2000 sqare feet in total.

Size in square feet:
Above 2000
Planning Consent:

Approved for conversion to HMO with 10 beds. Fully licensed as HMO.

Energy Performance Rating:
E  View EPC Graph for this property

Business Operation

Competition / Market:

Constantly good demand for housing especially from Council tenants and professionals.

Reasons for selling:

Sole owner is relocating to another country

Employees:
1
Years established:
2013

Other Information

Furniture / Fixtures value:
£40,000 - included in the asking price
Inventory / Stock value:
£10,000 - included in the asking price
Related Documents:
Home based:
This business can be run from home.

Contact Information

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