Thorold Road

Substantial Licensed HMO Investment Opportunity with Strong Income & Development Potential

An exceptional opportunity to acquire a well-established HMO, ideally positioned close to local amenities, Riverside Park, Eastleigh airport, local train station and Southampton City Centre.

The property is licensed to accommodate 34 persons across 27 households and currently comprises 27 letting rooms, including 17 en suite rooms and a further 2 rooms with en suite W/C facilities. Additional communal facilities include 4 shower rooms with one including a bath, 3 separate W/Cs and 8 vanity unit rooms.

Designed to cater for a large tenant base, the property benefits from 3 communal kitchens and 7 social spaces, creating a comfortable and sociable living environment. Furthermore, there is potential to create additional letting accommodation within the already decorated roof space, subject to any necessary consents, presenting an exciting opportunity to further enhance income.

The investment currently generates an impressive £15,500 per calendar month, with a rent increase already scheduled to take effect from October, offering immediate scope for improved returns.

Agents Note: Please note that an AML fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.