34 31 0£4,525,000 House of multiple occupation for sale
Attention all investors! This is a phenomenal investment opportunity to purchase a portfolio of 5 properties across South London. This portfolio incorporates 3 established up and running HMOs and 2 properties that are currently under construction due for completion at the end of November. The properties have all had a back-to-brick refurbishment so are in excellent condition. The established HMOs have been kept in pristine condition with the vendor's personal local managing agent maintaining the properties. Please note those with leases in place also have an agreement for the properties to be handed back in the same condition as the starting date.
Stretton Road, Croydon - * Lease in place - 8 bedroom, 5 bathroom
Exeter Road, Croydon - * Lease in place - 6 bedroom, 6 bathroom (All en-suite)
Davidson Road, Croydon - 6 bedroom, 6 bathroom (All en-suite)
Spencer Road, Mitchem - *Under construction - 6 bedroom, 6 bathroom (All en-suite)
Windermere Road - *Under construction - 8 bedroom (self-contained units), 8 bathroom (All en-suite)
The properties are in prime positions; they are professional shared houses with quality tenants in-situ. Rental demand for the properties is high due to the prominence of their locations and occupancy levels have remained extremely high throughout the pandemic.
Croydon has received awards for being the most in-demand location for office space in the country. There has been significant demand for office space in Croydon, which has seen some of the UK’s biggest companies move their businesses into the borough, including Superdrug, Home Office, HMRC, EDF, Body Shop. As a result, the demand for professional house sharing has soared over the years.
Additionally, Ruskin Square which is the new home for HMRC and Home Office is 0.5 miles away, offering secure government jobs even in the pandemic.
Income; *Please note full financial template available upon request*
Stretton Road, Croydon - £6,000 PCM / £72,000 PA
Exeter Road, Croydon - £4,000 PCM / £48,000 PA
Davidson Road, Croydon - £4,385 PCM / £52,620 PA
Spencer Road, Mitchem - *Expected - £4,300 PCM / £51,600 PA
Windermere Road - *Expected - £8,250 PCM / £99,000 PA
- Unique Investment Opportunities
- 5 HMOs
- All Properties Have Had a Back-To-Brick Refurbishment
- Extremely High Quality Finish
- Gross Income : £323,220 PA
- 2% +VAT Buyer's Fee
To make an enquiry for this property, please call us on 01743 612 018, or complete the form below.