We are pleased to offer to auction this investment opportunity comprising of 2 apartments, 1 studio apartment and 2 bedsits in a Freehold Victorian townhouse within half a mile of Worcester city centre. Four of the five units have sitting tenants, with Apartment 5 recently vacated. The property promises immediate returns and a reliable rental income, all white goods are included and all tenants are professionals, A cleaner attends once weekly to clean communal areas.
The house has been extensively refurbished over the last 18 months to provide a total HMO occupancy of seven persons. It complies with all current HMO regulations and was inspected and all work approved in 2024 by local council. The property has had new fire doors, a new fire alarm system, and new carpets in most areas, it has also been redecorated throughout.
There are three electric supplies to the property, one being Landlord supply, two being Apartment One and lastly the third being Apartment 5. The landlord supply services communal areas, water, heating and emergency lighting. Studios 2, 3 and 4 have independent coin metres which the tenants fund and the landlord collects. The heating is all electric at this property.
The total income received when this property is fully occupied is £2669 pcm OR £ 32.028 per annum.
PLEASE NOTE ALL FIGURES HAVE BEEN SUPPLIED BY OUR VENDOR AND ARE DEEMED TO BE CORRECT BUT MUST BE VERIFIED BY YOUR SOLICITOR UPON AGREED SALE
