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Description

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting: Apple Devices : Search for Property Investor in iOS app store Android Devices : Search for Property Investor in Googleplay app store If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940 Readymade 8 Bed HMO Partially Let and Income producing Gillott Road, Edgbaston, B16 9LR Purchase Price = £450,000 Finders Fee = £6,000 Potential Gross Income (once fully let) = £52,080 per annum For a limited time only we have managed to secure a readymade and income producing HMO close to Birmingham City centre. The property is currently partially let as a licensed 8 Bed HMO over 4 Floors. The property currently has a HMO application pending having previously being licensed. The property currently has 2 sitting tenants both on AST's. The property can be brought with vacant possession or with the 2 sitting tenants. The property is in a prominent area that is home to an abundance of professional and student HMOs. Located a close to Cannon Hill park and the MAC centre. Excellent location for commuting into the town centre via bus. Good links to the university of Birmingham and the Queen Elizabeth Hospital. The property is also located within walking distance of the city hospital and is less than a 10 minute drive to the new Birmingham Metropolitan hospital. A substantial mid terraced property with an excellent outside seating area and low maintenance garden. This property is an excellent opportunity to acquire in a high density HMO area. From June 8th 2020 this area will be article 4. This means that the opportunity to refinance on a commercial basis will be a viable option. In addition to this you will not see many 8 bed HMOs in this area. The basement room has its own separate entrance and could potentially be turned into its own self contained unit. This is an excellent property and with article 4 coming in these types of properties will be premium purchases. We know that with a refurb the rooms can go for circa £600 pcm, the basement room could go for more as it has its own entrance. If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting: Apple Devices : Search for Property Investor in iOS app store Android Devices : Search for Property Investor in Googleplay app store If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940