188-192 West Street, Erith, Kent

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

Key Features: • Currently arranged as HMO measuring 3,684sqft • Producing £122,063pa in rent with two rooms vacant • Configured as 7 studios, 7 shared facility rooms and 1x1-bed • Located 0.6 miles from Erith Station • Lapsed consent from 2019 to convert into 9 self-contained apartments • OIEO £1,250,000 F/H (9.7%)

Location: • Nearest Station: N/A • Distance to Station: N/A

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

Full Description: An opportunity to purchase a part-let, fully licensed House in Multiple Occupation (HMO) in Erith, which is currently producing £122,063pa. The property measures c.3684sqft in total, and is arranged as 7 studios, 7 shared facility rooms and 1x1-Bed - along with communal kitchens & bathrooms. The property is in good condition throughout and benefits from a large rear garden which has potential to extend the existing building to provide further accommodation (STPP). Each room is subject to a service charge ranging between £60-£100pcm depending on size & configuration. There are currently two rooms vacant with the total ERV for the property being c.£150,000pa with clear potential to increase the rental income over time. The property offers potential for re-development and has a lapsed planning permission for conversion & extension to 9 flats in 2019 to support this.BrochuresParticulars