11 bed property for sale

Montpelier, Bath BA1

A substantial Grade II Listed town house. Currently organised as two student HMO properties. 9 bedroom four storey maisonette and a two bedroom lower ground floor apartment. Garden. Yield of 7.9%.

Description

A substantial Grade II listed Georgian townhouse presents a fantastic opportunity for any investor. The property has been consistently occupied as a 9-bedroom student house of multiple occupancy (HMO), with a separate 2 bedroom basement apartment offering additional income. Tenants in situ with secured tenants for the 25/26 academic year - 9 bed/3 bathroom maisonette achieving £5940pcm and the 2 bedroom apartment achieving £1320pcm. An impressive rental yield of 7.92%.

The current owners have ensured that the property has been looked after and have carried out regular property maintenance. They have records since 2010 of all work undertaken.

The location and desirable period architecture makes it an ideal investment opportunity. The property boasts over 5 floors of living space, providing plenty of scope for creating multiple apartments, holiday lets or converting into a single residential dwelling (subject to planning).

Location

Monpelier is situated on the lower slopes of Lansdown Road in an enviable location. Within a ten minute walk of the city centre and a 20 minute walk of Bath Spa train station Also nearby are The Circus, Assembly Rooms and the Royal Crescent. There is a wide range of amenities close to the property, including boutiques, cafes and wine bars along Alfred Street and nearby, Saville Row and Bartlett Street. The city of Bath is famous for excellent cultural and leisure amenities including specialist shops, museums, art galleries and theatres. There are excellent communications and approximately 10 miles from Junction 18 of the M4. There are high-speed train services from Bath Spa Railway Station to London Paddington (approximately 80 minutes).