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HMO INVESTMENT, Nuneham Avenue... Mixed use for sale
HMO INVESTMENT, Nuneham Avenue, Withington, M20 4PZ
£585,000
HMO INVESTMENT, Nuneham Avenue, Withington, M20 4PZ
£585,000
Our Summary
- The property has great potential to extend further with a large basement ideal for conversion
- Due to the size of the building, there is great potential to modify the current layout to gain further bedrooms which in turn would increase the yield
- The basement offers great space for conversion STPP with suitable access from within the building and also externally
- The basement has great head height and definitely prime for conversion
- 4% yield with great potential for further capital growth
- Large basement prime for conversion
- Large plot with great potential
Description
This period property on Nuneham Avenue is a fantastic investment opportunity for investors, offering a 5.4% yield and a prime location near Withington and Fallowfield. The property has been let as a full building for students and has never been empty, with a HMO license in place. The property currently has 5 bedrooms and large communal areas, with great potential to modify the layout to gain further bedrooms and increase the yield. The basement offers a large space for conversion, STPP, which could accommodate three rooms and a further bathroom. The property is situated on a premium road in a highly sought-after location, with excellent transport links, shops, and local amenities for students. The property is available for purchase freehold, making it an attractive investment opportunity for those looking to generate a strong return.