11 BED | 9 BATH HMO | £109k pa

Hollis Morgan – A Freehold recently developed PURPOSE BUILT 11 BED | 9 BATH LICENSED HMO with scope to produce £109k INCOME pa | Potential for 2 extra rooms stc

The Property - A Freehold semi detached property that has been recently developed into a purpose built HMO with accommodation ( 2309 Sq Ft ) over 3 floors providing 11 bedrooms, 9 bathroom ( 8 en suite ) and a generous contemporary communal area. There are 3 off street parking spaces and side access leads to the enclosed low maintenance rear garden with detached garden room.
Sold subject to existing tenancies.

Tenure - Freehold
Council Tax - C
EPC - D

The Opportunity - HMO INVESTMENT | £9,100 pcm | £109,000 pa ( gross income )
The property is a fully licensed 11 bedroom HMO.
The vendors have been renting under a combination of AST and short terms tenancies.
We understand that if let as a pure HMO on AST contracts there is scope to generate an income of £9,100 pcm | £109,000 pa ( gross income )
7 & Airbnb )

Rooms 2, 3, 5, 7, 9, 11
Please contact the auction team for details of the income history.

GARDEN ROOM
The detached garden room has been constructed but now requires internal fit out.
There is potential for additional bedrooms / income subject to gaining the necessary consents.

Planning History - 11 BED HMO

P25/00575/F | Change of use from a small House in Multiple Occupation ( HMO ) for 3-6no. people, to a large HMO for up to 11no. people ( Sui Generis ) as defined in the Town and Country Planning ( Use Classes ) Order 1987 ( as amended ).

GARDEN ROOM

P24/00661/CLP | Erection of detached garden room to form home office / garden room and home gym.

Location - Hanham is a popular urban area in South Gloucestershire on the eastern border of Bristol. It is located near to the A420 with convenient access to both Bristol and Bath. Hanham has its own High Street with local shops, facilities and amenities. Bristol city centre is within 4 miles, Chippenham is 18 miles and Bath is 12.5 miles away.

Solicitors - Naomi O’Brien
Barcan + Kirby

N.O'


Property Details Disclaimer - Hollis Morgan endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All Hollis Morgan references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.