Freehold Six Bedroom HMO Located In Stoke Coventry

Freehold Six Bedroom HMO Located In Coventry
Investment Opportunity
Ref 2564

Location
This recently renovated and well maintained six bedroom end of terraced property is located on Irving Road in the sought after area of Stoke. Ideally situated close to Coventry City Centre, Coventry University and gives easy access to Leamington Spa and the Warwickshire area.

Freehold Asking Price: £384,950

Business Description
Veritas Business Sales are privileged to offer to the market this delightful Six Bedroom HMO which is located in Coventry. The property was purchased by our clients in November 2016, developed and first let in 2017 and has continually let ever since with no voids. The property is now being offered for sale so that they can enjoy a well deserved retirement.
Since ownership our clients have undertaken extensive refurbishment to include a loft and ground floor extension. The property was stripped completely back to 4 walls and roof and the internal configuration was rebuilt throughout. All floors and internal walls are new. Brand new electrics, fire alarm, smoke alarm, emergency lighting, windows, HMO specialised plumbing, drainage, insulation, plastering and finishing, fixtures and fittings have been installed which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Paperwork and photographs are available for inspection.
The property has an HMO approved licence and is fully let to students on an 11 month contract which finishes on 30/06/21 and generates an income of £36,135 pa. A new 11 month contract starts on 1/08/21 and ends 30/06/22. The contract has fully referenced guarantors in place. The property is within the prime student area but would also lend itself to professional lets or contractors in the month of July for additional income if required as it very close to the city centre. This is a superb investment opportunity and as such early viewing is highly recommended as this is one not to be missed.

Ground Floor
Entrance door leading to a hallway with a radiator, storage cupboard which houses the vented water tank.
Kitchen/Diner/Lounge comprising: stainless steel double sink drainer, worktop, wall and base units, integrated electric oven x 2 (Neve), extraction hood, 4 ring electric hob, washing machine (Bosch), 2 x upright fridge/freezers (Beko), sofa, wall mounted TV, inset ceiling spotlights, radiator, storage cupboard with combination boiler (Main Eco Elite) and double glazed patio doors leading to the rear yard.
Bedroom One: double bedroom with shower enclosure, W/C, wash basin, fitted wardrobe, television point and radiator.

First Floor
Bedroom Two: double bedroom with shower enclosure, W/C, wash basin, fitted wardrobe, television point and radiator.
Bedroom Three: double bedroom with shower enclosure, W/C, wash basin, fitted wardrobe, television point and radiator.
Bedroom Four: double bedroom with shower enclosure, W/C, wash basin, fitted wardrobe, television point and radiator.

Second Floor
Bedroom Five: double bedroom with shower enclosure, W/C, wash basin, fitted wardrobe, television point and radiator.
Bedroom Six: double bedroom with shower enclosure, W/C, wash basin, fitted wardrobe, television point and radiator.

External
Rear yard area.

EPC Rating C
The property benefits from UPVC double glazing and gas fired central heating. The property is fully tested annually and has EICR electrical cert, annual electrical inspection, annual fire & emergency lights inspection, annual PAT/Electrics inspection and gas safe.