House of multiple occupation for sale

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House of multiple occupation for sale

444C Streatham High Road, Lambeth, London, SW16 3PX
£625,000

Our Summary

  • SUMMARY * Opportunity to acquire a leasehold HMO comprising 4 modern rooms with loft development potential
  • * The property offers loft extension development potential, subject to obtaining necessary planning consents

Description

This property is a leasehold HMO (House of Multiple Occupancy) located on Streatham High Road, with a total area of approximately 888.02 sqft NSA. The property is currently arranged as 4 modern rooms, with all rooms having an en-suite bathroom, except for unit 2 which is fully self-contained. The property includes a communal kitchen on the second floor and is currently occupied by professional tenants generating an annual income of £52,500, reflecting a gross yield of approximately 8.40%. The property also offers loft extension development potential, subject to obtaining necessary planning consents. The property is available leasehold with 146 years unexpired and is not elected for VAT, with offers invited in excess of £625,000.