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Portfolio of 4 HMO Properties in Derby Generating £126,000 PA

For sale: £1,155,000.00|Mixed Use, Other, Other Property Types & Opportunities

Property details

FOR SALE£1,155,000.00
ADDRESS30 Cheviot Street, Derby, Derbyshire, DE22 3EX
TYPEMixed Use, Other, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON18th October 2021

Description

The Property Advantage is delighted to be presenting this exciting investment opportunity in Derby. Collectively, this is 4 properties all of which are established, fully licensed HMOs. All properties have been recently refurbished and in good condition. Across the four properties there is 24 bedrooms and 9 bathrooms.

Each property has a lease in place which has been secured until 2022. The properties Gross Income is £126,000 per annum and the Gross Yield is 10.85%.

Located in Derby (Article 4 area), which is the centre for advanced transport manufacturing, being home to the world's second-largest aero-engine manufacturer, Rolls-Royce. Also, Bombardier Transportation has a production facility at the Derby Litchurch Lane Works while Toyota Manufacturing UK's automobile headquarters is also located in Derby.

Income; *Please note more information on lease's are available upon request

Augusta St - £2,600 PCM / £31,200 PA
Cheviot St - £2,750 PCM / £33,000 PA
Hoult St - £2,600 PCM / £31,200 PA
Hoult St - £2,600 PCM / £31,200 PA

Gross Yield: 10.85%
Buyer Fee: 2.00% + VAT

Location

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Location: 30 Cheviot Street, Derby, Derbyshire, DE22 3EX

Derby (1.8 miles)

Peartree (2.4 miles)

Spondon (4.1 miles)

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