Property description

INVESTMENT OPPORTUNITY!

This 24 bed HMO is ideally situated in Rochdale town centre. This large property was refurbished in 2012 and is currently let to Serco providing a hassle free investment with a current yield of 8.7% with an income of £51,300.00 pa. If this property was rented direct to tenants the potential yield would be 19% based on an annual income of £112,000.00. (£90.00 per room per week). This property offers much potential either as it currently stands or with further development subject to planning consent.

The property briefly comprises 24 bedrooms, 7 large communal kitchen, 2 communal lounge areas, 6 communal shower rooms, 5 communal WC's and 1 office. To the side of the property is large secure terrace offering further potential. The property is available with a full contract from Serco (with 4 years remaining and a renewal suggested after this period). Alternatively the property is also available with vacant possession. Further information is available on request.

Property Features :

• 24 Bedroom Large Detached HMO Property
• Sub Agreement to Serco- Fully Managed and Maintained under Agreement
• 1 Office
• 2 very spacious Communal lounge areas
• 7 Large Communal Kitchens