X2 6 Bed HMO’s – 40K NET Income

Two 6 Bed HMO’s currently generating £40,000 per annum NET Location – Manchester Price – £490,000 Key Investment Facts

  • 2 x 6BED HMO’s located less than 6km (radius) to Manchester City Centre
  • SECURE over £68,000 in rental income (gross) P.A.
  • FULLY refurbished and absolutely immaculate throughout
  • FREEHOLD deal
  • FULLY tenanted from day one
  • FULLY compliant and licensed HMO’s
  • FULLY managed and completely hands-off investment
  • SECURE over £68,000 in rental income (gross) P.A.

 

FOR SALE two separate High End 6 bed HMO’s that have been recently completed to a very high standard.

Property 1 – 6BED + 5BATH HMO

Briefly comprising of one 6 bed semi-detached HMO which has 4 luxury en-suites and 2 rooms with a shared bathroom, a large fully fitted modern kitchen.

Property 2 – 6BED + 4BATH HMO

The second detached building also comprises 6 rooms with 3 en-suites and 3 rooms with a shared bathroom along with a fully fitted modern kitchen. There is a shared courtyard between the 2 properties as they back onto each other.

Price

The total cost for the 2 x 6BED HMO’s is £490,000 and they need to be sold together to a single buyer

Rental Income

BOTH properties generate a combined £5,681 per calendar month or £68,172 per annum in gross rental income

Location

Both of these properties are fantastically located less than a 2-minute walk to Failsworth Tram Station and a 10 minute journey into Manchester City Centre stops. Approx 15 min bus ride into Manchester City Centre.

Tenants Both properties are occupied by professional, working tenants. There are currently two vacant rooms but these have tenants moving into them over the next 2 weeks so by the time a new buyer completes they will both be fully occupied. The vendor wishes to sell both properties together but is willing to consider individual purchases.

For a free PDF information pack on this deal enter your details below and we’ll send to your inbox direct:

Or call 0115 985 3964 to discuss this deal in person. Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.

Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.

Post Author: admin