Block of flats for sale

HMO Investment Opportunity!

This Priory Road HMO Property located in the Market Town of Spalding on the River Welland in the South Holland district of Lincolnshire, and located only 0.3 miles from the Spalding Train Station, is suitable for occupation by a maximum of 5 people and is now For Sale.

Asking price of £300,000 (Three Hundred Thousand Pounds)

Current Gross Yield is 13%. Gross Yield of 14% and a 9.5% Net Yield of erv (Estimated Rental Value) of the property for 2024.

Please see the attached Schedule.

Majority of all units are already Let with at least 1 year Lease/AST in place.

1. Share Purchase of spv is available, saving approx 4% ( Stamp Duty Land Tax)
2. Opportunities for capital enhancements/value addition within the property, further increasing Return on Investment
3. Located in a near major transport hub, highly rated Offsted Schools and local amenities on the High Street, placing the property well for High Capital appreciation.

EPC Rating D

Contact DM and Co to arrange a Viewing By Appointment Only

DM & Co, Synonymous with Competitive Rates, Integrity and Success!

DM & Co is Proud to Inform you we now offer both Residential and Commercial Sales Services, to complement our Trusted Lettings and Management Services, due to popular demand.