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Freehold Six Bedroom HMO Located In Coventry For Sale

Coventry, West Midlands, UK
Asking Price:
£365,000 Furniture / Fixtures included
Turnover:
£35,640
Net Profit:
Under £50K

Freehold Six Bedroom HMO Located In Coventry. All rooms en-suite. Fully tenanted and contracts signed for 2021/2022. Income £35,640 pa.

Veritas Business Sales are privileged to offer to the market this delightful Six Bedroom HMO which is located in Coventry. The property was purchased by our clients in 2009 and is now being offered for sale due to other business commitments .
Since ownership there has been continual investment in the upkeep of the property and all fixtures & fittings are included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The property has an HMO approved licence and is fully let to students on an 11 month contract which generates an income of £35,640 pa. There is also an AST contract for 2021/22 – 11 months already signed. This is a superb investment opportunity and as such early viewing is highly recommended as this is one not to be missed.

Property Information

Property:

Freehold

Location:

This recently renovated and well maintained six bedroom mid-terraced property is located on Terry Road in the sought after area of Stoke. Ideally situated close to Coventry City Centre, Coventry University and gives easy access to Leamington Spa and the Warwickshire area.

Premises Details:

Ground Floor
Approach
Double glazed front entrance door to

Entrance hall with fire alarm keypad, under stair storage cupboard where the gas & electric metres are. Stairs rising to first floor.

Kitchen/Diner
Comprising of wall and base mounted units, sink drainer with tiled splashbacks, two integrated electric double ovens, five ring induction hob, extraction hood, integrated dishwasher, washing machine, tumble dryer, American fridge/freezer and a storage cupboard where the vented water tank is housed. Lower level lounge with wall mounted TV and patio doors leading to the rear yard.
Communal Lounge with wall mounted 65” TV and patio doors leading to the rear yard.

Bedroom One double bedroom with 50” TV, bed and bedroom furniture.
En-Suite Shower Room with shower cubicle, toilet and wash basin.


Bedroom Two double bedroom with 50” TV, bed and bedroom furniture.
En-Suite Shower Room with shower cubicle, toilet and wash basin.

First Floor

Bedroom Three En-Suite Shower Room double bedroom with 50” TV, bed and bedroom furniture.
En-Suite Shower Room with shower cubicle, toilet and wash basin.


Bedroom Four double bedroom with 50” TV, bed and bedroom furniture.
En-Suite Shower Room with shower cubicle, toilet and wash basin.

Second Floor

Bedroom Five double bedroom with 50” TV, bed and bedroom furniture.
En-Suite Shower Room with shower cubicle, toilet and wash basin.

Bedroom Six double bedroom with 50” TV, bed, bedroom furniture and two velux windows.
En-Suite Shower Room with shower cubicle, toilet and wash basin.


External

Frontage with flower bed and steps down to the front entrance door. Rear paved garden/yard with new fence panels.

The property benefits from UPVC double glazing, gas fired central heating and CCTV to the front and rear.

Energy Performance Rating:
C

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