Specifications
Summary
Description
The property is arranged as an 8 bed HMO with 3 shared bathrooms and rear access. The property has been completely renovated, including an extension at the rear and new carpets throughout. There is no parking with the property but the tenants are eligible for on street parking permits. Two rooms have full kitchens and 6 have kitchenettes. All of the tenants are professionals.
We believe there is scope to increase the rent, especially on the two rooms which currently produce £360 pcm. If this were increased in line with the other rooms it could achieve £460 pcm, which would increase the rental income to £43,440 per annum.
Location
The property is located on Pentillie Road which is close to Mutley Plain and therefore easily accessible with both private and public transport.
Accommodation
The floor area as stated on the EPC is:
222 sq m (2,390 sq ft)
Please see the particulars for a full tenancy schedule.
Business Rates
The property is in Council Tax band D.
Services
We understand that mains electricity, gas, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.
EPC / MEES
C (75)
Legal Fees
Each party to be responsible for their own legal fees in relation to this transaction.
VAT
All figures quoted are exclusive of VAT if applicable.
