Property description

 

LOCATION This former terrace house is being completely rearranged to form five good sized en-suite rooms to suit the needs of the modern student. The property also benefits from a small rear yard with bicycle stores.



The property has been reconfigured with full building regulation approval as a house in multiple occupation. A new owner will need to complete their own HMO registration as required by Plymouth City Council.



The house has the benefit of rewiring and replumbing, with all bathrooms and the kithchen units, as well as appliances, being brand new.



The house has been furnished throughout we understand with Ikea comtemporary furniture.



The property has been let from the 1st September for the 2015/16 academic year on 5 indivudual 50 week contracts. 

TENANCY DETAIL Our clients have arranged the letting through a local student letting agent. The 5 tenants provide a gross income of £32,500 p.a. and have agreed to pay the rental in advance so any purchaser will have a welcome cash flow bonus on completion as the appropriate rental apportionment will be paid over upon completion.

 

VAT All figures quoted are exclusive of VAT whether chargeable or not. Interested parties are recommended to establish VAT implications before entering into any agreement.

 

LANDLORD SERVICES An allocation of £10 per week is reserved from the rental income per room to cover Landlords services with a provision to reimburse further costs in excess of this.



 

LEGAL COSTS Each party to be responsible for thier own legal costs.



 

VIEWINGS Viewing strictly by prior appointment only please.

WAYCOTTS COMMERCIAL 01803 403060