A five Bed HMO investment maisonette in central Henleaze.
Situated above a retail unit on Henleaze Road the maisonette is let to five residents on a room by room basis. Our clients have owned it for approximately 10 years and have experienced full rental (subject to small voids whilst redecorating). We feel the property is well presented and looked after by both owner and tenants and represents an excellent rental and remuneration proposition for a hands on landlord. The property is registered with Bristol City Council as a HMO.
Approached via the rear service lane and yard metal stairs lead up to the door situated at first floor level. Lower hall with shower room (incorporating washing machine space) and separate bathroom with shower over bath. Several steps up to a landing with further stairs rising to the upper floor. Open plan kitchen/sitting room with window to the rear aspect. Two double sized bedrooms situated to the front aspect. The upper floor provides three further double sized bedrooms. Two to the front and one to the rear aspect. Sold with no onward chain.
The property is currently fully let and will be sold with tenants in situ and with all furniture. The two most recent rooms have let at £460 and £470 per month (inclusive of bills). The other three rooms are currently at £400 a room. It is envisaged these rents would increase to similar levels as rooms changeover. On this basis the rental income would be around the £27,500 per annum level with bills of circa £5000 per annum.
USEFUL INFORMATION. Lease remaining -112 years. Freehold owned by Daycharm Henleaze Ltd. Ground Rent: £10.00pa. Council Band Tax - C. This information should be checked by your legal adviser.