27 bed detached house for sale

Thorold Road, Southampton SO18

Summary
An exceptional opportunity to acquire a substantial HMO offering 27 letting rooms, making it an attractive addition to any investment portfolio. Currently generating an income of £15,500 per calendar month, with a rental increase already in place from October. Contact us for more information!

Description
Substantial Licensed HMO Investment Opportunity with Strong Income & Development Potential

An exceptional opportunity to acquire a well-established HMO, ideally positioned close to local amenities, Riverside Park, Eastleigh airport, local train station and Southampton City Centre.

The property is licensed to accommodate 34 persons across 27 households and currently comprises 27 letting rooms, including 17 en suite rooms and a further 2 rooms with en suite W/C facilities. Additional communal facilities include 4 shower rooms with one including a bath, 3 separate W/Cs and 8 vanity unit rooms.

Designed to cater for a large tenant base, the property benefits from 3 communal kitchens and 7 social spaces, creating a comfortable and sociable living environment. Furthermore, there is potential to create additional letting accommodation within the already decorated roof space, subject to any necessary consents, presenting an exciting opportunity to further enhance income.

The investment currently generates an impressive £15,500 per calendar month, with a rent increase already scheduled to take effect from October, offering immediate scope for improved returns.

Agents Note: Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.

27 Letting Rooms

17 En Suites

2 En Suite W/c's

4 Communal Shower Rooms
1 including a bath.

3 Separate W/c's

8 Vanity Unit Rooms

3 Communal Kitchens

7 Social Spaces

Roof Space
Offers opportunity for additional letting accommodation, already decorated.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.