ADDRESS6-9 Ifield Road, Crawley, West Sussex, RH11 7AP
TYPEResidential, Flat, Residential Land
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON1st March 2021
A Residential/HMO investment opportunity for a newly refurbished residential building comprising 27x rooms. The internal condition of the building is excellent.
The site is located on Ifield Road, 50 metres from Crawley High Street. The building is approximately 6 minutes’ walk from Crawley Railway station which provides regular services into London Victoria in approximately 41 minutes. Trains also run direct, to St Pancras International Station.
The building comprises 27x tenanted double bed rooms with shared bathroom facilities, set over Ground, First and Second floors. All tenants are private on standard AST’s; there are no DSS of council tenants. The building extends to 7,628ft2 GIA and is currently fully tenanted with a significant waiting list of tenants awaiting any vacancies.
The HMO produces a gross income of £236,700, reflecting a gross yield of 8.6%.
The freehold includes 10 car parking spaces to the rear of the property.