Property description
**HMO** property with 7 furnished bedsits, registered with Wrexham County Borough Council - Investment Opportunity. A substantial and spacious end terraced town house converted to provide seven furnished bedsits. The present owner has informed Monopoly that they have had a high level of occupancy over the past 15 years and the property produces a very good income of £22,990 after all the bills are deducted from the rental income.
General Information
The ground floor has three bedsits, a utility area, toilet and shower room. The first floor has four bedsits, a shower room and toilet. All bedsits have newly installed off peak storage heaters and coin meters plus are equipped with mini kitchens comprising stainless steel sink unit, mini cooker and fridge. All are carpeted and fully furnished. There is a small garden area to the front and an enclosed gravelled rear yard. The property is well placed in reach of the town centre, on a bus route. The current owners have informed monopoly that the property is currently registered with Wrexham council as a House in Multiple Occupation. To meet the registration criteria the property is fitted with a fire sprinkler system also fire and smoke alarm systems.The property also benefits from a recently replaced roof and is well placed in reach of the town centre, on a bus route, a short drive from the by pass, with a range of local facilities to hand. Note: All tenants pay for electricity used in their room via a Dual tariff coin meter. A washing machine (rented by the landlord) is provided in the utility area.All furniture, fittings, carpets, curtains and light fittings are included in the price. The property has been in the owners possession for 22 years and is only being sold due to retirement.
Entrance Lobby
Leading into the main property
Hallway
With stairs and understairs storage cupboard
Bedsit 1 - 16' 6'' x 14' 0 (5.03m x 4.26m) Including Bay
The room benefits from the double glazed bay window on the front elevation. Mini Kitchen.
Bedsit 2 - 14' 0'' x 13' 2 (4.26m x 4.01m)
Double glazed window to the rear elevation. Mini kitchen.
Communal Utility Room - 11' 0'' x 10' 7 (3.35m x 3.22m)
Single drainer sink unit with hot and cold water. Off peak hot water storage tank, part panelled walls, side window and door to the rear. Washing machine (hired by the landlord), microwave oven.
Shower Room
Shower fed from the mains water system, fitted with anti-mould lining.
Toilet
With toilet and wall mounted wash hand basin, tiled.
Bedsit 3 - 13' 9'' x 10' 6 (4.19m x 3.20m)
Double glazed window to the side, Mini kitchen.
Landing
Loft opening.
Bedsit 4 - 12' 6'' x 11' 3 (3.81m x 3.43m)
Double glazed windows to the rear and side, Mini-kitchen.
Bedsit 5 - 14' 0'' x 13' 3 (4.26m x 4.04m)
Double glazed window to the rear, Mini-kitchen.
Bedsit 6 - 14' 1'' x 10' 4 (4.29m x 3.15m) plus recess
Mini-kitchen
Bedsit 7 - 11' 0'' x 9' 2 (3.35m x 2.79m)
Double glazed window to the front, Mini-kitchen.
Shower Room
Tiled shower unit with electric shower, fitted with anti-mould lining.
Seperate Toilet
Tiled floor and walls.
Outside
There is a forecourt garden with pedestrian access at the front whilst to the rear there is an enclosed court yard which is mainly gravelled and has a seperate pedestrian right of way.
Property Features :
- *BUY TO LET OPPORTUNITY*
- Current annual income £22,990.00 after bills due (10% return)
- HMO property with 7 fully furnished bedsits
- Recently replaced roof
- All furniture, fittings, carpets, light fittings included
Property Info: