Overview

8% + Yield ... Freehold income producing HMO investment for sale comprising 5 double rooms and a self contained studio flat.
Scope to enhance rents and possible re development / re configuration

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  Description
  Freehold income producing investment for sale comprises end terrace freehold house (no garden) which has been extended into the roof space and converted into a 5 bedroom HMO + self contained studio flat
  
  The condition is good / basic and would benefit from a further extension and re configuration to maximise the potential income
  
  Ground floor: Communal lounge, kitchen, Utility room, room 1
  
  First floor: 4 x rooms, bathroom + WC, Shower room + WC
  
  Second floor: self contained studio flat with shower room

  Location
  The property is situated on a residential road just 30 seconds off the High Street and offers immediate access to a number of shops, restaurants and transport links making this a real hot spot for renters
  
  The property would attract not only locals but City workers with Northern Line access needed and staff from St Georges Hospital which only a 5 minute walk away
  
  Nearest Stations
  
  Colliers Wood Underground (northern Line) 0.4 miles
  
  Tooting British Rail Station (Thameslink) 0.8 miles
  
  Nearby Places
  
  Tooting Broadway 0.5 miles
  
  Wimbledon 1 mile

  Income
  The rooms are let on ASTs and fully compliant with Gas certs, EICR, How to Rent guides and EPCs provided to tenants
  
  Tenants rent includes all bills and the approximate outgoings for the landlord is £1,900 per quarter - All tenancies are currently periodic - 2 rooms are vacant for viewing purposes
  
  Current income : £56,052 p/a
  Projected income : £65,700p/a

  Planning
  Subject to the relevant consents it is felt that an additional floor could be added to the property and re configured creating additional space / income

  Terms
  Guide Price £750,000 Freehold
  
  The property is to be sold with all tenants in situ

  Viewings
  Contact sole agents Christopher St James 020 8296 1270