Property Description
An opportunity to acquire a licenced HMO with planning permission granted to add an addition unit in the loft space. Gross income circa £108K pa. Other opportunities to enlarge or redevelop subject to planning permission. Short distance to Shortlands mainline station. Company or asset can be purchased (stamp duty saving!). Company is a clean SPV used to hold and manage this asset only. Currently nine rooms producing gross £101,100.00 per year. Preliminary drawings to show extension and conversion to 8 one bed flats with GDV £2.4 million, subject to planning permission.
Material Information
- Tenure: Freehold
Standout Features
- Licenced HMO
- Further Potential
- Close To Station
- Large Garden
- Buyer to pay fee
- Company Purchase Possible
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Shortlands Road, Shortlands, Bromley
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