55 Homesdale Road, Bromley, Kent

Property Details: • Type: Flat • Tenure: N/A • Floor Area: N/A

Key Features: • Licensed 6-bed HMO for sale in Bromley. • Building measures approximately 1,100sqft. • Tenanted and producing £44,280 (one room currently vacant). Fully tenanted ERV c.£65,000pa. • Garage at the rear included. • Development potential (STPP). • Guide Price £600,000 (F/H).

Location: • Nearest Station: Bromley South Station • Distance to Station: 0.5524181377017546 miles

Agent Information: • Address: 9 St. Marks Road, Bromley, BR2 9HG

Full Description: An opportunity to purchase a part-let, fully licensed House in Multiple Occupation (HMO) in Bromley, which is currently producing £44,280pa. The property measures c.1,100sqft in total, and is arranged as 6 HMO rooms over ground and first floor. There is one en-suite room with a kitchenette (Room 1) with the remaining 5 rooms being shared facility. The property is in reasonable condition throughout and benefits from a large front garden which contributes to the development potential of the site (STPP). <br /><br />The property has an estimated rental value (ERV) of c.£65,000pa when fully let at market rent. There is clear potential for refurbishment of the existing building to increase the rental value. The site could offered with vacant possession but would be subject to the sellers serving section 8 notices on the current tenants and the terms of sale. The garage at the rear of the site is on a separate title document but included within the sale.