St. Georges, Axminster

SUMMARY
A rare opportunity to purchase a 4 bed HMO in the heart of the historic market town of Axminster.


DESCRIPTION
A rare opportunity to purchase a 4 bed HMO in the heart of the historic market town of Axminster.

Whilst the property has previously had planning permission to be a five bedroom HMO, it is currently configured as a four bedroom property. Each room has a modern en-suite shower room and use of the communal kitchen and laundry area. All the rooms are connected to pay as you go electric meters. Water rates and Council Tax included at present, giving the opportunity to raise the overall income potential.

Two of the rooms are currently let on AST's and are generating an income of £12,240 pa. With the current configuration of the property as a four bedroom HMO, this gives a potential annual income of £24,480 with an indicative yield of 12.2% (gross)

Axminster is a market town in East Devon which neighbours the Jurassic Coast coastal towns of Lyme Regis and Seaton. Axminster offers a host of shops and amenities and has excellent transport links with the train line running directly into Exeter Central and London Waterloo

Entrance Hall 
Entrance hallway leading to19a and 19b, communal kitchen and laundry area

19a 16' 6" max x 10' 8" max ( 5.03m max x 3.25m max )
Bedroom with ensuite shower room

19b 17' max x 11' 6" max ( 5.18m max x 3.51m max )
Bedroom with ensuite shower room

Kitchen 
Communal kitchen with wall and base units, worksurface over, drainer sink, cooker, microwave and fridge freezer. Door leads to laundry area with washing machine and tumble dryer.
(please note this could be turned into another bedroom, with the laundry area off the kitchen being turned into the ensuite shower room)

Lobby 
Separate entrance lobby to the front of the property leads to 19c and 19d via an outside courtyard sitting area.

19c 14' 4" max x 10' 5" max ( 4.37m max x 3.17m max )
Bedroom with ensuite shower room

19d 18' 8" x 15' 5" ( 5.69m x 4.70m )
First floor bedroom with en-suite shower room


We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.