Mill House Salters Lane, Faversham, ME13

£1,250,000

Guide price

  • Bedrooms: 22
22 BEDROOM HMO FOR SALE in KENT

*** ARMS LENGTH INVESTMENT*

*(If required full management services of the building can be provided at a separate cost)

*** LET ONLY TO PROFESSIONALLY TENANTS

***potential GROSS RENTAL YIELD 9.50%

***potential NET RENTAL YIELD 7.76%

Average rent charged per a room POA a month with 22 rooms, leading to a potential gross rental income of POA and a potential net profit of POA per a year.

The property is fitted with the following:

Hard wired fire alarm system

Mothballed lift (can be made operational again)

Double open plan kitchen

1 bathroom

5 shower rooms

2 communal toilets

Communal Lounge

Communal Dining Room

22 rooms – with 12 having an ensuite toilet and sink and another 8 rooms have a sink

Large Garden

Property is currently let and managed with only professional tenants

Out buildings on site, with plans drawn for an additional one bedroom house and one two bedroom house to be added to the site, (subject to planning permission)

For more information, including accounts, please get in touch?

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