Trinity Street, Gainsborough
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
6
- SIZE
2,195 sq ft
204 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Six-bedroom HMO
- Approximately £2,600 pcm current rental income
- Scope to update and improve
- Communal kitchen and living facilities
- Outside space
- Close to Gainsborough town centre and local amenities
Description
An excellent opportunity to acquire an established six-bedroom HMO investment situated on Trinity Street in Gainsborough, conveniently positioned within easy reach of the town centre and its wide range of amenities.
The property is currently configured and operated as a six-bedroom House in Multiple Occupation, with rental income understood to be in the region of £2,600 per calendar month, equating to approximately £31,200 per annum in gross rental income.
For an investor, the property offers an appealing combination of established rental income and scope for future improvement, providing the opportunity to acquire an existing HMO and enhance the accommodation over time.
The accommodation provides six letting rooms together with shared communal facilities, including a communal kitchen, living/communal space and bathroom facilities, with outside space also available.
THE LOCATION
Trinity Street is conveniently situated for access to Gainsborough town centre, where a range of shops, supermarkets, cafés, restaurants and everyday amenities can be found.
The property is also well placed for local transport links and the wider range of employment and leisure opportunities available within Gainsborough and the surrounding area, making the location well suited to shared accommodation.
THE INVESTMENT OPPORTUNITY
For an investor seeking an established HMO with an existing rental income and potential to add value, 73 Trinity Street represents an interesting proposition.
The six-bedroom configuration provides an established income stream, whilst the opportunity to undertake improvements to the communal areas and accommodation provides scope to enhance the property over the longer term.
The current rental income is understood to be approximately £2,600 pcm (£31,200 per annum gross), although purchasers are advised to satisfy themselves as to the current tenancy arrangements, occupancy levels and rental income as part of their due diligence.
Further information regarding the current rental arrangements, occupancy and HMO position will be made available to interested parties.
As the property is currently occupied, viewings will be arranged strictly by appointment and with appropriate notice.
An interesting HMO investment opportunity with existing income and scope for future enhancement.
Brochures
Key Facts for Buy...Sales Brochure - ...- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
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