Tyne and Wear - 3 Year Lease Option Opportunity Portfolio - Click for more info

Sunderland, Tyne and Wear
£17,362.00pm Tenancy info

Property Investor App

Posting for 1+ years

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propertyinvestorapp.co.uk

Property Investor App

Posting for 1+ years

See all ads

Contact Property Investor App


propertyinvestorapp.co.uk
Posted
12 hours ago
Seller type
Agency
Date available
26 Nov 2020
Property type
House
Number of bedrooms
7

Description

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

3 Year Lease Option Opportunity

Portfolio - Consisting of 4 x Readymade 7 Bed HMOs

Income Producing With Scope To Increase Income & Development Plot

Chester Oval, Sunderland, Tyne and Wear, SR2 7AF

Current Individual Market Value Per Property = £225,000

Individual Purchase Price Per Property = £150,000 (Within 3 Years)

Combined Purchase Price = £625,000 inc Development plot

Finders Fee = £12,000 + Vat

Potential Gross Income = £109,200 per annum

For a limited time only we have managed to secure a 4 x readymade HMOs close to Sunderland University and Town Centre.

The property is currently vacant as a licenced 4 x 7 Bed HMOs

The property is currently licenced for 28 people.

Next to one of the properties, there is a building plot which had planning permission (expired in 2018) to build an additional lettable 7 bed HMO which would increase the income.

Previously, House 1 was let to International Students. Houses 2 to 4 were let to Young Professionals working for two blue chip companies.

HMO licence expires November 2021

As the properties have been vacant for almost a year, we believe there may be some works required. As we have not visited the properties, we believe they may be within the region of £5,000 per property.

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

Ad ID: 1391236838


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