This business is a House in Multiple Occupation (HMO) rental property in Wolverhampton. The house itself has 13 rooms to let to people needing short-term residence in the area, with great rental potential due to its proximity to Wolverhampton city centre.
Property is always a strong investment and this HMO is no exception. In fact, taking it on means taking on an easy and attractive sell to any potential future tenants due to the nearby amenities and excellent transportation links. This is particularly good for people who work in the city, as this building is located on a popular bus route with regular transport into the centre and beyond.
All kitchen equipment and furnishings are included in the sale. Currently, the property is full of happy residents, paying between £280 - £300 per month per room (bills included). This helps simplify the running of the building for you and the tenants, so everyone benefits.
The business is for sale on a freehold basis, excluding the garden. The advantage of a freehold tenure is that as the new owner you will have complete control over the property - you will not be subject to any further payments, such as ground rents, service charges or admin fees, making the whole enterprise smooth to run and far more attractive to potential future tenants. Given the nature of the business, the maintenance costs are covered by the tenants renting the rooms.
The simplicity and profitability of this HMO is such that it would make a great buy for anyone who either already has experience in the property sector, or for someone looking to make their first move into this arena. Whichever you might be, this is a great chance that is not to be missed!
For more information about this business, please contact us on this page.