Property description
Directions
From our office in Longbrook Street continue down the road and you will find the property on your left.
Unique Package - Summary
Longbrook Street is a prime student accommodation area, conveniently betwixt the University and City Centre. The University campus is approximately a 15 minute walk and the City Centre is less than a 5 minute walk.
This is a unique opportunity to purchase an investment package offering two well established seven bedroom student houses with additional income from an 8 space car park. They will be sold as a “going concern” and will include all furnishings; appliances; fixtures and fittings. Both houses are licenced HMO’s (House of Multiple Occupancy) and are compliant with all the necessary regulations.
Both houses are let for the 2016/17 academic year with a gross income of £63,112 with a further £5,760 generated by the car parking spaces. A gross annual income in excess of £68,000 providing a healthy 5.7% - exclusive of utility bills.
With direct road access, and subject to the necessary planning consents, it may be possible to develop the car park site to provide additional student accommodation.
CURRENT ACCOMMODATION WITH APPROXIMATE MEASUREMENTS COMPRISES THE FOLLOWING:
67 Longbrook Street
There is a small enclosed frontage with steps up to the uPVC front door which opens into the porch with a further half stained glass door opening into to:
Entrance Hall
With staircase to upper floors first floor and useful under stairs storage housing electric metre. A separate cupboard housing the gas meter and wall mounted alarm panel. Wall mounted coat hooks, radiator and wood effect vinyl floor covering. Doors to:
Cloakroom
White suite with WC & wash hand basin with splashback. Extractor fan and vinyl flooring.
Bedroom One
(5.11m) into bay window x (4.44m) into Alcoves
Well-proportioned room with light airy feel. UPVC double glazed bay window to the front with original ceiling architrave, shelved alcoves and radiator.
Open Plan Lounge & Kitchen
(8.66m) x (4.68m) max
Spacious communal area with designated spaces for relaxing and cooking.
Lounge
(4.12m) x (3.628m) max
A comfortable area to relax with friends. Original storage areas, radiator and TV Connections.
Kitchen
(4.64m) max x (4.44m) max
UPVC double glazed window and door to rear. This well-equipped modern cream fronted fitted kitchen has a range of fitted wall and floor units with wood effect work tops. Inset stainless steel sink and drainer, ceramic hob with extractor over and electric oven. Additional appliances include a dishwasher, larder fridge and freezer. Very spacious area with room for dining suite. Tiled flooring and radiator.
Utility Room
Conveniently situated adjoin the kitchen the Utility Room is equipped with a further larder fridge, larder freezer and washing machine. Wall mounted Vaillant boiler.
Stairs to Mezzanine
Off the Mezzanine landing there are two shower rooms and external double glazed door to roof terrace.
Shower Room One
(2.94m) x (1.10m)
UPVC double glazed window, with opaque glass. White suite: close coupled WC, pedestal wash hand basin with mirror above, tiled shower cubicle with sliding door and Mira electric shower. Vinyl flooring and radiator.
Shower Room Two
(2.91m) x (1.65m)
UPVC double glazed window, with opaque glass. Enclosed shower cubicle with curtain. Pedestal wash hand basin with mirror above, heated towel rail and vinyl flooring.
Roof Terrace
UPVC double glazed door leads onto the roof terrace with an enclosed area with steps to rear.
Stairs to First Floor Landing with under stairs storage. Doors to:
Bedroom Two (FFR)
(4.06m) x (3.61m) into Alcoves
UPVC double glazed window to the rear. Sealed fireplace with original wood mantle surround. Shelved alcoves and radiator.
Bedroom Three (FFFL)
(3.99) x (2.77m) into Alcoves
UPVC double glazed window to the front. Original architrave coving, shelved alcoves radiator and TV connection.
Bedroom Four (FFFR)
(3.16m) x (2.84m)
UPVC double glazed window to the front. Original ceiling coving, wall shelves and TV connection.
Stairs to Second Floor Landing with under stairs storage. Doors to:
Bedroom Five (SFR)
(4.21m) x (3.61m)
UPVC double glazed window to the rear. Sealed fireplace with original wood mantle surround. Shelved alcoves and radiator.
Bedroom Six (SFF)
(4.13m) x (2.91m) into Alcoves
UPVC double glazed window to the front. Original storage cupboard with storage above and a radiator.
Laundry Room/Kitchenette
(3.12m) x (2.33m)
UPVC double glazed window to the front. Fitted wall and floor units with work tops and inset stainless steel sink/drainer. Appliances include a tumble dryer and fridge. Vinyl floor covering.
Stairs to Third Floor Landing. Doors to:
Bathroom
(2.58m) x (1.42m)
White bathroom suite with panelled bath, close coupled WC, pedestal wash hand basin with tiled splashback, radiator and vinyl flooring.
Bedroom Seven
(4.63m) INTO RECESS x (3.05m) max
UPVC double glazed window to the rear. A quirky, loveable room, benefitting from adjacent bathroom. Radiator.
69 Longbrook Street
There is a small enclosed frontage with steps up to the uPVC front door which opens into the porch with original architrave, dado rail and vinyl floor with a half glazed door opening into to:
Entrance Hall
With staircase to upper floors first floor and useful under stairs storage housing electric metre. Wall mounted gas meter and wall mounted alarm panel. Wall mounted coat hooks and radiator and carpet flooring. Doors to:
Bedroom One
(4.44m) into alcove x (4.00m)
UPVC double glazed window to the front with original ceiling architrave and picture rails. Sealed fireplace with ornate marble mantle and surround. TV connection and radiator.
Lounge
(4.08m) x (3.21m)
UPVC double glazed window to the rear. Original picture rails and wall mounted Worcester boiler. The ideal place to relax with friends. Original storage areas, radiator and TV Connections.
Kitchen/Diner
(6.35m) x (2.05m) max
UPVC double glazed window (x2) and door to courtyard. A modern well equipped cream fronted fitted kitchen with a range of fitted wall and floor units with black work tops. Inset 1½ stainless steel sink and drainer, gas hob with extractor over and electric oven. Appliances include a dishwasher, larder fridge and separate fridge. Step up to dining area with table and 7 chairs. Tiled floors.
Utility Room (accessed via courtyard)
Washing machine, tumble dryer and larder freezer.
Bathroom
(2.27) x (2.02m)
UPVC double glazed window with opaque glass. White suite with panelled bath with shower attachment and curtain. Close coupled WC, pedestal wash hand basin with splashback and mirror cabinet above. Extractor fan, vinyl flooring and radiator.
Stairs to First Floor Landing with under stairs storage. Doors to:
Bedroom Two (FFR)
(4.03m) x (3.66m) into Alcove
UPVC double glazed window to the rear. Sealed fireplace with original wood mantle surround. Shelved alcoves, pedestal wash hand basin with mirror above, original storage cupboard and radiator.
Bedroom Three (FFF)
(4.28m) into Alcoves x (4.02m)
UPVC double glazed window to the front. Original architrave coving and marble mantle and surrounding black fireplace. Radiator and TV connection.
Shower Room
Enclosed shower cubicle with door and extractor.
Stairs to Second Floor Landing with under stairs storage. Doors to:
Cloakroom
UPVC double glazed window with opaque glass. White WC and pedestal wash hand basin. Wall mounted cupboard and vinyl flooring.
Bedroom Four (SFR)
(4.18m) x (2.56m) into Alcove
UPVC double glazed window to the rear. Original storage cupboards and radiator
Bedroom Five (SFFL)
(4.166m) x (3.34m) into Alcoves
UPVC double glazed window to the front. Cast iron fireplace with wood mantle and surround. Shelved alcoves and radiator.
Bedroom Six (SFFR)
(4.27m) max x (2.18m) max
UPVC double glazed window to the front. Built in wardrobe, separate shelved unit and radiator.
Stairs to Third Floor Landing. Doors to:
Bathroom
(2.58m) x (1.42m)
White suite with panelled bath with shower attachment and curtain. Close coupled WC, pedestal wash hand basin with tiled splashback and mirror above. Extractor, radiator and vinyl flooring.
Bedroom Seven
(4.773m) max x (3.05m) max
UPVC double glazed window to the rear with pedestal wash hand basin and radiator.
OUTSIDE
Front Gardens
Both properties have wall enclosed frontages with step leading to front doors.
Rear
This area has been levelled to provide car parking with 8 spaces that are rented out separately.
Property Features :
- Two established 7 bedroom HMO student houses.
- Located in a prime student location close to the University
- Separate parking area with 8 spaces currently let out
- Potential for further development on parking area Subject to
- Currently generating an income of ���ã68,872