Property Description

A mixed-use investment opportunity comprising an 11 Bedroom HMO along with 3 retail units to the ground floor offering a low risk high specification investment in the heart of Stoke on Trent within walking distance of the train station and Hospital. The investment comprises 6 studios with kitchenettes and a further 5 studio rooms. 10 x en-suite and one-off suite. To the ground floor are 3 commercial units. The property has been recently refurbished to a high standard internally giving the potential for higher yields and less void time. Maintenance will also be minimal owing to the scope of the works undertaken by the current owners. The property is located on Kingsway in the heart of the town centre with excellent amenities within the immediate vicinity. Stoke on Trent train station is 0.6 miles away and Staffordshire university only 1 mile away from the property. The property produces a gross income of £84,000 PA and a gross yield at guide of 15%.

Conservation Area

Stoke Town Centre

Flood Risk

Rivers and Seas Medium. Surface Water Medium.

Mobile Phone Coverage

O2, EE, Three and Vodafone are available.

Broadband (estimated speeds)

Standard 16 mbps. Superfast 80 mbps. Ultrafast 1000 mbps.

Satellite and Cable TV Availability

BT and Sky are available.

Construction Material

Solid brick, as built, no insulation (assumed).

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

---