Lawrence Street, York

Property Details: - Type: Townhouse - Bedrooms: 8 - Bathrooms: 6

Agent: Ashtons - York Sales Phone: 01904 918169

A superb opportunity to acquire this immaculately presented eight bedroom HMO, offering an excellent investment opportunity with further potential to create a ninth bedroom, subject to planning permission and the necessary consents.<br/><br/>The property has been beautifully maintained and finished to a high standard throughout, offering modern, well presented accommodation which is ideally suited to the HMO market. The generous accommodation provides eight well proportioned bedrooms together with attractive communal areas and facilities.<br/><br/>The property benefits from an HMO licence and Certificate of Lawfulness, providing investors with additional peace of mind and confirming its established use as an HMO.<br/><br/>Currently producing a gross annual rental income of £80,367, the property represents an attractive income generating investment with further potential to increase rental returns.<br/><br/>Of particular interest to investors is the potential to reconfigure the existing accommodation to provide a ninth bedroom, subject to the relevant planning and regulatory requirements. This provides an exciting opportunity to further enhance both the rental income and long-term capital value of the property.<br/><br/>Presented in excellent condition throughout and ready for continued investment, this is a genuine turnkey HMO opportunity that should appeal to both experienced investors and those looking to expand their property portfolio.<br/><br/><b>Anti-Money Laundering Compliance</b> - We are legally required to conduct Anti Money Laundering checks on all purchasers, sellers, and giftors. These checks become mandatory when a seller accepts a purchaser's offer on a property. Anti-Money Laundering checks are valid for 6 months from the date they are completed. If your purchase does not proceed and you make an offer on another property more than 6 months later, or if your checks are more than 6 months old when making a new offer, you will need to complete and pay for new checks. We use a partner supplier MoveButler, to carry out these checks on our behalf. They will contact you directly once your offer has been accepted (subject to contract) to complete the electronic verification process securely. There is a non-refundable charge of £30 + VAT per purchaser and per giftor for these checks.. This fee must be paid before we can issue a memorandum of sale to solicitors and is non-refundable under any circumstances. Ashtons receive a portion of this fee from MoveButler as compensation for facilitating these checks and our administrative role in the compliance process.<br/><br/>