Cranleigh Court Road, Bristol, BS37

Cranleigh Court Road, Yate, Bristol, South Gloucestershire

Licenced 6 bed HMO for sale in central Yate, Bristol.

Asking Price: £450,000

Rental Income: Currently fully let @ £45,540 pa

Yield: 10% (Gross/ARY)

Property Description :
Cranleigh Court Road is a 6 bed licenced HMO in central Yate. The property boasts 6 ensuites as well as kitchen-diner/living area and all facilities required for use as a large HMO making it highly attractive to prospective tenants and is currently fully let to working professionals.

The property is in excellent condition having been converted to a HMO in 2017 and is maintained to an excellent standard by the current owners. Conversion works were substantive including a full back to brick renovation consisting of loft conversion and rear extension. Installation of double glazing, new electric system, grade A fire alarm system and insultation of walls and roof were also undertaken at the time. The works have received all planning and building regulation signoffs in line with HMO regulatory requirements.

External Areas:
Private parking is available by way of a drive at the side of the property with space for approx. 5+ cars. Additionally, there is a large and well maintained private garden to the rear of the property as well as bike storage for use for tenants .

Location:
Yate as a settlement is strategically located between Bristol, Bath and Oxford and benefits from a strong service sector as well as an established logistics and manufacturing economic base. Yate has excellent connections to the wider economy with only a 15 minute train ride to Bristol station and being only 10 minutes' drive to Bristols' Filton/Patchway economic area. As such, the property benefits from strong rental demand and is fully let on an ongoing basis.

Major employers in the Yate area include:
• IAC Group (automotive manufacturing)
• Royal Mail & DHL distribution
• Morrisons, Tesco, Lidl, Waitrose, B&Q, etc.
• Large Retail offering at Yate Shopping Centre's with national retail occupiers.
• Industrial & Distribution centres at Station Road / Beeches Trading Estate.
• Professional services firms in Yate town centre.

Cranleigh Court Road is well located in Yate and provides a strong location for tenants with an easy commute to many local job opportunities and facilities as well as the wealth of community infrastructure Yate provides. Many of the existing tenants work locally due to significant job opportunities both in the town and at the Beeches and Stover industrial estates to the west of Yate.

Local Community Infrastructure & Facilities:
• Local shopping parade including an Morrison's convenance store/off-licence, takeaway, barber & launderette.
• 6 Minutes walk to local high street, Station Road.
• Public Green Space on Yate Common (10 minutes walk).
• 10 minutes walk to Yate train station, with trains to Bristol every 30 mins (15 min commute).
• 13 minutes walk to local shopping centre with all amenities including: Retail, supermarkets, GP, Post office, gym, recreation facilities & library.

Material Information:
• Tenure: Freehold
• Local Authority: South Gloucestershire Council
• HMO Licence: Yes - 6 Occupiers
• Planning: Certificate of Lawful Use in place
• Article 4 Area: No
• EPC: C - Scope to improve to B
• Council Tax Band: Band B
• Services: We understand all services to be connected
• Heating: Mains Gas Central Heating and Double Glazing throughout
• Internet: High Speed Broadband / Wifi
•Mobile Phone: Coverage for EE, 02, Vodaphone and Three

Schedule of Accommodation:
• Bedroom 1: Large double bedroom with ensuite for single occupancy use. Located on the left of the ground floor upon entering the property - 11 m2
• Bedroom 2: Very large single bedroom with ensuite for single occupancy use. Provides for double bed for tenant due to size - 9.8 m2
• Bedroom 3: Bedroom 3 is a good sized double bedroom with ensuite for single occupancy use. The room is located on the first floor, at the front of the property - 11 m2
• Bedroom 4: Bedroom 4 is a large double bedroom with ensuite for single occupancy use, and is located on the first floor at the rear of the property with views into the back garden - 11.8 m2
• Bedroom 5: Large double bedroom with Ensuite located on the second floor at the front of the property - 11 m2
• Bedroom 6: Large double bedroom with Ensuite located on the second floor at the rear of the property - 10 m2
• Kitchen Diner: Modern galley style kitchen / diner benefitting from all modern conveniences for use as a HMO - 9 m2
• Living Room: Joint living room accessible from kitchen with access to rear garden - 10 m2

Viewings:
As an investment property with tenants in-situ, viewings will only be granted to proceedable investors who have been qualified. Therefore, any person wishing to view the property will be required to provide I.D. and Proof of Funds in line with AML regulations.