Substantial Investment Property and HMO in Surrey For Sale

Main road trading position, densely populated residential & commercial area, SURREY

Price £1,200,000

Features

Substantial 10 Bedroom Hmo and Retail Shop Investment

RENTAL INCOME £90,600

Comprises 10 rooms (2 singles and 8 doubles), with an annual rental income of approximately £71,000.

SHOP PREMISES in the region of 900 ft²

WE HAVE BEEN INFORMED BY THE LANDLORD that the shop (only) is held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2015 with reviews every 5 years (next review 2030) at a current rent of £19,600 p.a.

Accommodation

THE SELF CONTAINED HMOACCOMMODATION with Gas Fired Central Heating, Double-glazed windows:

Comprises 10 rooms (2 singles and 8 doubles), with an annual rental income of approximately £71,000.

2 x Kitchens.

2 x Shower room with shower, w.c. and wash hand basin.

Bathroom with bath, w.c. and wash hand basin.

Outside

Rear yard with Parking space for 3 car.

Tenure

FREEHOLD

Price

THE VALUABLE FREEHOLD INVESTMENT PROPERTY, £1,200,000
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 840,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote