Buckingham - 44 Nelson Street MK18 1DA Freehold HMO Investment - Rightmove

Buckingham - 44 Nelson Street MK18 1DA
Freehold HMO Investment

Buckingham - 44 Nelson Street MK18 1DA
Freehold HMO Investment

Investment Consideration:
▪   Purchase Price: £495,000
▪   Gross Initial Yield: 10.50%
▪   Rental Income: £52,000 p.a.
▪   Comprises of 5 studio rooms as a fully licensed HMO
▪   All rooms benefit from own en-suite and kitchenette
▪   Total area size of 95 sq m (1,023 sq ft)
▪   Located within short walk from the High Street which occupies retailers such as WHSmith,
    Lloyds Bank, Barclays, Ladbrokes, Domino`s Pizza and many more.

Tenancies and Accommodation:

Buckingham - 44 Nelson Street MK18 1DA
Freehold HMO Investment

Property Description:
The property comprises of 5 studio rooms as a fully licensed HMO. Each room
has its own kitchenette and en-suite.
The property provides the following accommodation and dimensions:
Ground Floor: 2 x Studio Rooms
First Floor:    2 x Studio Rooms
Second Floor: 1 x Studio Room
Total area size: 95 sq m (1,023 sq ft)
Tenancy:
Room 1 is at present let to an Individual from 18 January 2020 to 11 January
2021 at a current rent of £10,140 per annum. Tenant has paid holding fee to
renew until Dec 2021. End date to be confirmed.
Room 2 is at present let to an Individual from 25 September 2020 to 13
December 2021 at a current rent of £10,140 per annum.
Room 3 is at present let to an Individual from 13 January 2020 to 5 January
2021 at a current rent of £9,750 per annum. Tenant has paid holding fee to
move into studio room 5 when vacant until Dec 2021. Vendor has already
agreed new let for 12 months from January 2021. Holding fee has been paid.
Room 4 is at present let to an Individual from 25 September 2020 to 17
September 2021 at a current rent of £9,750 per annum.
Room 5 is at present let to an Individual from 5 January 2020 to 29 December
2020 at a current rent of £12,220 per annum.

Buckingham - 44 Nelson Street MK18 1DA
Freehold HMO Investment

Location:
Buckingham is a market town in north Buckinghamshire, England, close to the borders of Northamptonshire and Oxfordshire. Buckingham has a variety of
restaurants and pubs, typical of a market town. It has a number of local shops, both national and independent. Market days are Tuesday and Saturday which
take over Market Hill and the High Street cattle pens. The property is located within short walk from the High Street which occupies retailers such as WHSmith,
Lloyds Bank, Barclays, Ladbrokes, Domino`s Pizza and many more.

Buckingham - 44 Nelson Street MK18 1DA
Freehold HMO Investment

Floor Plans:

Ground Floor                    First Floor   Second Floor

Buckingham - 44 Nelson Street MK18 1DA
Freehold HMO Investment

Contacts:
To view copies of the leases, information on the title, other information, please contact Joseph Bachman
or Prash Jaitley.

            Joseph Bachman – COO                                      Prash Jaitley – Managing Partner
            M: +44(0)77236 19270                                      M: +44(0)79618 53166
            E: joseph@bluealpine.com                                  E: prash@bluealpine.com

   Address:
   Blue Alpine Partners Limited
   Trading Address: 83c Ashley Gardens, Thirleby Road, London, SW1P 1HG
   Registered Address: Suite 115, Devonshire House, Manor Way, Borehamwood, Hertfordshire, WD6 1QQ

   Disclaimer: Blue Alpine Partners prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor Blue Alpine Partners will,
   however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, Blue Alpine Partners may not have all the information required by a
   prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. Prospective purchasers should make their own investigations
   before finalising any agreement to purchase or lease.