Property description

A rare opportunity to acquire a lucrative, licensed, INVESTMENT HMO property with gross yield of approximately 10% . This substantial end of terrace, granite townhouse is located in a popular residential area of Penzance, near to the railway station and is divided into SIX SEPARATE LETTING UNITS comprising of one self contained garden flat and five bedsits. The property is arranged over four floors and benefits from mains fire alarms, three phase electricity supply, some new double glazed windows to the rear and a new roof (replaced after 2009). All letting units have individual key operated electricity meters and the shared shower rooms are operated with tokens which the tenants purchase from the owner. Each flat is warmed via wall mounted electric heaters. There is an enclosed garden with access to a private parking space. The property is available chain free and is sold as a going concern. The vendor has informed us that the current gross income is approximately £26,500 per annum.

Entrance Hall with period tiled floor. Door to communal utility room with further door to landlord's store room with electricity consumer unit. Door to inner hall with doors to flats 1, 2 and 3. Stairs rise to first floor.

• Established HMO investment property
• 5 bedsits and 1 garden flat
• Gross yield of approximately 10%
• Prime residential location
• Close to amenities
• Private parking space

FLAT ONE	(self Contained Garden Flat. Note: This flat is MAY have a protected tenancy, please ask agent for further details. The tenancy agreement has provision for rent increases, the current payable being £110pw.
.	Stairs descend to lower ground floor. Door to bedroom and door to lounge.
Bedroom	12'7\" x 11'4\" (3.84m x 3.45m). Window overlooking rear garden
Lounge	17'11\" x 11'8\" (5.46m x 3.56m). Window to front. Door through to:
Kitchen	12'5\" x 12' (3.78m x 3.66m). Range of wall and base units with space for cooker. Window to rear and door to rear hallway with further door to garden and door to:
Shower Room	WC and shower cubicle.
FLAT TWO	18'8\" x 12' (5.7m x 3.66m). Period marble fireplace with arched alcoves to either side, deep bay window and further window to front, range of wall and base units with stainless steel sink and drainer and space for fridge.
FLAT THREE	14'4\" (4.38m) (into Bay) x 11'6\" (3.51m). Bay window to rear. Range of wall and base units with stainless steel sink and drainer and space for fridge.
ROOM 1A	12'2\" x 11' (3.7m x 3.35m). Former letting unit now used as landlord's storage area.
FIRST FLOOR	Landing with doors to flats 4 and 5. Stairs rise to second floor. Doors to:
WC	Window to rear. WC
Shower Room one	With shower cubicle and WC.
Shower Room Two	With shower cubicle and WC.
FLAT FOUR
Lounge	16'1\" (4.91m) (into Bay) x 12'5\" (3.78m). Bay window to front, door through to:
Kitchen	11'4\" x 5'3\" (3.45m x 1.6m). Range of wall and base units with stainless steel sink and drainer and space for fridge. Door to landing.
FLAT FIVE	14'2\" (4.31m) (into Bay) x 12'3\" (3.74m). Window to rear. Range of wall and base units with stainless steel sink and drainer and space for fridge.
SECOND FLOOR	Landing with door to:
FLAT SIX	18'7\" x 18'1\" (5.66m x 5.51m). Dormer windows to two sides, door to enclosed shower cubicle, range of wall and base units with stainless steel sink and drainer and space for fridge.
Outside	To the rear of the property is a walled garden, solely used by the garden flat, with pedestrian access to one side and a single parking space at the end of the garden area.