St Marys Buildings, Wells Road, Bath
- 6.32% yield
- Licensed 4 bed HMO
- Let until summer 2021
- First floor
- Close to city amenities
- Large communal sitting room
- Modern kitchen & bathroom fittings
- Retained features
- Long leasehold/share of freehold
Property SummaryLet until summer 2022 as a licensed four bedroom HMO with a current 6.32% gross yield, this 812sqft first floor Georgian conversion apartment offers spacious well kept accommodation and is incredibly well placed for city access. Located in a secluded no through road just off the bottom of the Wells Road and thus under a third of a mile from the bus station. Four bedrooms, large sitting room, modern fitted kitchen, three piece bathroom and halls. Long leasehold/share of freehold with £60pcm service charges. Ideal investment/going concern. Sole Agents
AGENTS NOTES Let until summer 2022 as a licensed four bedroom HMO with a current 6.32% gross yield, this 812sqft first floor Georgian conversion apartment offers spacious well kept accommodation and is incredibly well placed for city access. Located in a secluded no through road just off the bottom of the Wells Road and thus under a third of a mile from the bus station. Four bedrooms, large sitting room, modern fitted kitchen, three piece bathroom and halls. Long leasehold/share of freehold with £60pcm service charges. Ideal investment/going concern. Sole Agents
Occupied as a 4 bedroom licensed HMO
Let for the 2021 academic year at £2260pcm - total income for the remainder of the tenancy thus £26,864.84 = £2260 pcm with 75% rent from 1st July to 14th July 2020. Deposit taken for tenancy for July 2021 until July 2022.
For sale as an ongoing investment with tenants and inventory in situ.
Tenure is leasehold (share of freehold) and the current service charges are £60pcm.
Separate storage unit allocated to flat - located next to rank of garages opposite the front of the building.
ENTRANCE HALL & LOBBY Door in from communal halls.
SITTING ROOM Two rear sash windows, radiator, two alcove cupboards.
BATHROOM Rear sash window, pedestal basin, panelled bath with shower over, extractor fan, low level W.C, heated towel rail, part tiled walls.
BEDROOM 4 Side sash window, radiator.
BEDROOM 3 Side sash window, radiator.
KITCHEN Side sash window, base and wall units with inset sink/drainer, inset electric hob with oven under and hood over, plumbing for washing machine and dishwasher, space for tall fridge freezer, wall mounted Worcester gas combination boiler, part tiled walls.
BEDROOM 2 Front sash window, radiator, dado rail.
BEDROOM 1 Front sash window, radiator, dado rail.
Enquire about this property or call 01225 829040
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