This is a mixed-use building comprising a ground floor commercial unit plus ancillary basement rooms. It comprises of a 6-bedroom clenched HMO to the upper floors. The basement consists of 4 rooms, currently utilized for storage purposes. The ground floor features a spacious open-plan retail unit, along with two storage rooms and WC facilities. On the first floor, there is a communal hallway that leads to three bedrooms, a shower room, and a kitchen. The second floor contains three additional bedrooms, providing ample living space.

There is an opportunity to increase value with some minor works and redecorating to the HMO rooms. This would also attract a higher weekly room rate circa £110 pw.

The financials:
▪ Purchase price: £275,000
▪ GDV: £320,000
▪ Annual net profit: £24'487
▪ Gross yield: 14%
▪ ROCE: 28%

Sourcing fee: £5,000

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