Key Features
Established and profitable HMO investment opportunity
Prime, highly desirable Inverness location
Substantial and attractive 165m² semi-detached property
Five spacious, well-appointed double HMO units
Additional private, self-contained one-bedroom annexe
Strong and consistent demand from professional tenants
Valuable private parking for two vehicles and low-maintenance rear garden
Turnkey investment with excellent, flexible future potential
Highlight
Established & profitable HMO investment in a prime Inverness location, comprising five spacious double HMO rooms plus a private self-contained one-bedroom annexe.
Substantial 165m² semi-detached property with strong professional tenant demand, private parking, low-maintenance garden and excellent future potential.
Description
8 Southside Place, Inverness presents a rare opportunity to acquire an established HMO investment with additional self-contained accommodation, situated in the highly desirable Crown Conservation Area (CA411), close to Inverness city centre.
The property comprises a substantial 165m² semi-detached house, arranged as five HMO units, together with a 19m² self-contained one-bedroom annex. The building has benefited from two extensions over its history, providing well-appointed bedrooms and comfortable communal areas.
Its desirable residential setting and proximity to the city centre and key employment areas have made the property particularly popular with professional tenants seeking comfortable, well-located, longer-term accommodation.
All relevant HMO licensing and landlord registration requirements are in place, presenting an established turnkey investment opportunity with an existing operating model ready to transfer to a new owner.
Trade
The property operates as a successful established HMO, benefitting from the strong demand for quality residential accommodation in Inverness. Each room is occupied by a sole tenant under a Private Residential Tenancy (PRT), with both landlord and tenant benefitting from the respective rights and responsibilities of these agreements.
Residents have access to shared facilities including a kitchen/diner, lounge, utility room, loft space and rear garden, together with two parking spaces to the front.
Room rents are set at an appropriate and competitive level, with the self-contained annexe achieving a higher monthly rental. High occupancy levels reflect the continued demand for well-located, longer-term accommodation in Inverness, particularly among professional tenants.
The business currently operates below the VAT registration threshold.
Location
Southside Place enjoys an enviable position within the prestigious Crown district of Inverness, one of the city’s most sought-after residential areas. Within easy walking distance of the city centre, the property is conveniently located for major employers, including Raigmore Hospital and Inverness Campus, as well as shops, restaurants, leisure facilities and transport links.
The combination of a desirable residential setting, proximity to key employment areas, private parking and excellent connectivity makes the property particularly attractive to professionals seeking comfortable, longer-term accommodation. These qualities underpin the HMO’s established popularity and consistent tenant demand.
Accommodation
The Property
The property is a two-storey semi-detached house with a low level boundary wall along the street.
The original part of the property has a pitched slate roof and stone walls. The doors and windows have contrasting buff coloured surrounds. There are also dormer windows within the front roof.
The property has double glazed windows and doors throughout.
To the rear is the main house extension, which has a tiled roof and harled walls. A single-storey annex completes the property and has a similar construction and finish to the rear extension.
Owners Accommodation
ANNEX
The self-contained annex, measuring approximately 19m², is situated to the rear of the property and benefits from its own separate entrance, providing a comfortable and private living space.
The accommodation comprises a compact yet comfortable lounge and kitchen/diner, with an external door providing direct access. The kitchen is equipped with an oven and two ring electric hob, washer-drier and under-counter fridge, with a window overlooking the rear.
An inner hallway leads to a double bedroom and separate shower room, fitted with an electric shower. The annex is well arranged to provide practical, comfortable and private self-contained accommodation.
Terms
Reason For Sale
The property was acquired by the current owner in 2013 and has been successfully operated as an established HMO investment. After more than a decade of ownership, the property is now being offered for sale due to the owner’s retirement.
Rates / Council Tax
The semi-detached house is Council Tax Band F (Reference: 06/11/726018/4), while the self-contained annexe is Council Tax Band A (Reference: 06/11/26032/2).
Finance and Legal Services
ASG Commercial Ltd is in touch with a variety of different lenders who can provide specialist finance. We will be delighted to discuss your financing requirements with you and make an introduction where appropriate. We also have many contacts in the legal profession who can assist in all legal matters arising.
Specification
The property benefits from mains water, electricity and drainage, with mains gas serving the main house. The main house has a gas-fired boiler and radiator central heating system, while the self-contained annex is served by electric heating.