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11 bed property
Bevois Valley Road, Southampton SO14
£1,700,000
Bevois Valley Road, Southampton SO14
£1,700,000
Our Summary
- The HMO has the potential of a Gross income of around £100,000 P
- Investment Opportunity
Description
This is an investment opportunity to purchase the freehold of a commercial premises containing a renowned nightclub, wine bar, and an 11-bedroom HMO. The property has a rich history, with the nightclub and wine bar being in operation since 1987 and 1989, respectively. The current owners will grant a new 10-year lease on the bar and nightclub at a rent of £48,000 per annum, while the HMO has the potential to generate a gross income of around £100,000 per annum. This combined gross potential of £148,000 per annum provides a substantial income-generating investment opportunity, offering an 8% yield to the new owner. Viewings are strictly by appointment only.