34/36 Liverpool Road, Chester, Cheshire, CH2 1AQ

17 15 0

£1,300,000 House of multiple occupation for sale

Description

The Property Advantage is delighted to present this fantastic investment opportunity. This is a beautiful, large Victorian conversion that was two separate dwellings and is now one development; it has been fully renovated and was completed in June 2021. The property comprises two communal kitchens and two separate dining areas all leading off the entrance halls, 17 double bedrooms in total, 15 bathrooms (14 of which are en-suite), and 2 WCs.

Renovations have been on a rolling basis as the property has stayed tenanted throughout. The property is an established HMO and all tenants in-situ are quality tenants. The property Gross Income is £109,620 per annum and the Gross Yield is 8.43%.

Located on a residential street in the centre of Chester, the property benefits from nearby local amenities. There are multiple transport links close by to the property and the local bus stop is Victoria Court which is within a 1-minute walk and Chester Train Station is 0.9 miles away (19-minute walk). The property is also 0.4 miles (7-minute walk) away from the University of Chester Exton Park Campus.

Income;

Room 1 - £600 / Room 2 - £500 / Room 3 - £585 / Room 4 - £450 /

Room 5 - £550 / Room 6 - £380 / Room 7 - £400 / Room 8 - £675

Room 9 - £575

Room 1 - £625 / Room 2 - £600 / Room 3 - £500 / Room 4 - £500 /

Room 5 - £550 / Room 6 - £475 / Room 7 - £575 / Room 8 - £595

Total; £9,135 PCM / £109,620 PA

Expenditure;

Gas - £600 / Electric - £600 / Water - £200 / Council Tax - £328 /

Broadband - £90 / Cleaner - £240

Total; £2,058 PCM / £24,696 PA

Gross Yield: 8.43%

Buyer Fee: 2.00% + VAT

Reference: TSC-70767214
1608_003A Existing Ground Floor Plans-page-001 1608_004AExisting First and Second Floor Plans-page-001

Features

  • Fantastic Investment Opportunity
  • 2 Dwellings
  • Bricks & Mortar Value
  • 17 Bedroom, 15 Bathroom & 2 WC HMO's
  • Gross Income : £109,620 PA
  • Gross Yield : 8.43%
  • 2% +VAT Buyer's Fee

Enquiry

To make an enquiry for this property, please call us on 01743 612 018, or complete the form below.