The Springs , Wakefield

Pure Investor is delighted to bring to the market this fantastic opportunity to purchase an 8/9-bedroom HMO property above 2 commercial units. Each of the bedrooms includes an en-suite and has been finished to a great standard. Currently, the HMO is fully let to students who are paying £125 per week for 50 weeks of the year, resulting in a gross annual income of £50,000. Both commercial premises are fully let out with them being used as a bakery and beauty salon respectively. Both units are producing a gross annual income of £12,000.

Situated in Wakefield town centre with two bus stops directly outside the development on both sides of the road. Wakefield bus station is a 4-minute walk and buses run to Leeds, Bradford, Huddersfield etc. Wakefield train station is a 13-minute walk where trains run to London, Leeds, and Sheffield and offers connecting trains to Manchester and Manchester Airport.

INVESTMENT INFORMATION

• Asking price: £500,000.00
• 8/9 Bed HMO and 2 commercial premises
• Current rental income: HMO £50,000.00 per annum, Commercial £12,000.00 per annum
• Total rental income: £62,000.00 per annum
• Tenure: Freehold
• Outgoing costs: TBC
• Full HMO license in place

Highlights

• 8/9 Bedroom HMO & 2 Commercial Units For Sale
• HMO Fully Tenanted To Students On 50 Week Contracts
• 2 Commercial Units Let Out To Bakery & Beauty Salon
• Generating Gross Annual Income Of £62,000
• Wakefield Town Centre
• Gross Yield Of 12.4%