REF_HKI3168

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LEASE OPTION - HMO

GREAT YARMOUTH, NORFOLK
6 BEDROOM LICENCE HMO
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Option Price:

Term:

Room Rates pcm: 

Est Occupancy:

Option Deposit:

Option Payments:

NET Profit (PCM):

EST. NET PROFIT PA: 

£220,000

5 Years

£1950

100%

£1

£900

£445

£5340

Hotkey Invest are proud to present this opportunity to purchase this 8 bedroom 5 year lease option in Great Yarmouth. Currently run as a 6 bed HMO

The option to purchase is set over 5 years, which allows you to secure the properties at today’s option price without finance for the option term. This enables you to benefit from potential capital growth as well as surplus rental income during the term.​

The property comprises 8 bedrooms ( however 2 are currently not suitable to use as bedrooms) There are 4 doubles , 1 of which has an ensuite and 2 single rooms, large bathroom and shower room, a lounge/ dining area and communal kitchen.

 

The property although in an article 4 area has been granted a licence for a maximum of 6 persons. 

The property is currently fully tenanted as follows, we do believe however after some updating the property could easily obtain higher rates per week. 

Room 1 Double £85pw 

Room 2 Double ensuite £85pw

Room 4  Double - £65pw 

Room 5  Double -with WC £85pw

Room 7  Single - £65pw

Room 8  Single- £65pw 

More photos to follow. 

Please see below a full floor plan of the property. 

For more information please contact a member of our team today

 

Great Yarmouth is a resort town on the east coast of England. It's known for its long sandy beach. The Time and Tide Museum traces local history. The Nelson Museum focuses on the life of Admiral Horatio Nelson. There are penguins and sharks at the SEA LIFE aquarium. Merrivale Model Village features miniature landscapes and buildings. The Pleasure Beach and Joyland amusement parks have family rides

 

KEY FEATURES

 

6 Bedroom licenced HMO

Seaside town

Fully tenanted 

£1 deposit  

Fully Assignable

No credit check 

No Mortgage required 

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FINANCIALS

(based on single family let)

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We insist any interested parties must satisfy themselves as to the accuracy on any information they receive by carrying out independent assessments or otherwise before making any commitment to participate. Click here for full disclaimer

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DISCLAIMER
IMPORTANT NOTICE: Hotkey Invest trading name for Hotkey Consultancy Ltd for themselves and for the lessors or vendors of this property whose agents they are give notice that:  1. No appliances, services or service installations have been tested and no warranty as to suitability or serviceability is implied. Any prospective purchaser or lessee is advised to obtain verification from their surveyor or solicitor.  2. The particulars are set out as a general outline only for the guidance of the intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract.  3. All descriptions, calculations, reference to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representation of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them before making any commitment to participate.  Calculations have been rounded up or down accordingly. 4. No person in the employment of Hotkey Invest has any authority to make or give any representation or warranty whatsoever in relation to this property.  5. All rentals and prices are quoted exclusive of Stamp Duty, legal and surveyors fees and any other associated purchasers or lessees costs.  6.  Floor plans are indicative only and should not be relied on.  7. The map showing the boundary of the property postcode is indicative only and has not been checked against the legal title so should not be relied on.  8.  All dimensions, floor areas and site areas are only approximate and should not be relied on.  Dimensions are generally maximum room dimensions.  9. Hotkey Invest is not a regulated or licensed investment or financial advisor, therefore please seek independent financial advice.  10. Hotkey Invest is not a property management company for Serviced Accommodation, House of Multiple Occupation, Buy to Let and other, therefore please seek an independent management company before making any commitment to participate.  11. Hotkey Invest cannot be held liable for any losses whatsoever incurred as a result of any decisions made from relying on this report.