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Investment for sale in Belvedere Road, Taunton, Somerset, TA1

Offers in Excess of £500,000

  • Investment
  • Investment
  • Freehold

48 & 50 Belvedere Road is located in Taunton town centre near to Taunton Deane Borough Council and the new police station.

The railway station is within walking distance which is currently being refurbished along with the development at Firepool.

The pair of mid terraced properties have been in the clients ownership for over 20 years and are looking to sell due to retirement.

The HMO rooms are all let on assured shorthold tenancies and currently the gross income is £52,000 per annum.
The rates are £90 for a single person without an en-suite. £100 for a single person with an en-suite facility per week and for 2 people sharing £120 per week with an en-suite facility.

Room 6 in No. 50 Belvedere Road is a self-contained ground floor apartment with its own private rear garden and is rented for £475 per calendar month.

Each of the rooms have their own electric card meters meaning that the landlord only pays for the electricity in the communal areas. Both premises have separate fire alarm systems and are approved by the local housing officer as a HMO and together have 10 rooms with 16 people.

All of the rooms come with fridge/freezers and have access to the communal kitchen areas which are on the ground floor of the buildings. Currently there is an interlinking door between 48 & 50 Belvedere Road which could be blocked if required.


Tenure

The freehold interest in the properties are for sale at a guide price of offers in excess of £500,000 subject to the current assured shorthold tenancies within the buildings.

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