Split level 146 Sq m flat over first and second floors comprising 7 rooms, 2 bathrooms and kitchen / diner, The property has been used for many years as an HMO.
Works have been completed to allow for a new license and the inspection needs to be booked in to complete the process.
The property is in a good condition and has previously produced in excess of £6,000 pcm which is possible if self managed, this reflects a yield of circa 11% based on the current marketing figure.
The property is currently vacant with a management company on standby to take over the property on a 3 year tenancy paying £4,250 pcm, this reflects a yield of circa 7.9% based on the current marketing figure.
Location
Located on Sutton high Street.
Accommodation
Approx. Gross Internal Area - 1,564 sq ft (145.3 sq m)
Terms
Terms - Offers are invited in excess of £650,000 for the long leasehold interest