6 bedroom house for sale

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6 bedroom house for sale

Hotwell Road, Hotwells
£580,000

Our Summary

  • A substantial (1800sqft) HMO LICENSED four story Georgian terrace with huge potential
  • Investment Opportunity - The property is currently let for £31,320 per annum ( 5 rooms) but has license for 6 roomsWith basis updating there is scope for 6 rooms to achieve an annual rent of £57,600 per annum
  • All Hollis Morgan references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information provided in your

Description

This substantial 1800sqft HMO-licensed Georgian terrace is a rare opportunity for investors or those seeking a unique property. Situated in the highly sought-after Hotwells area, just a short walk from the city centre and countryside, the property boasts many original features, including panelled shutters, moulded ceilings, and sash windows. The four-story property has been licensed for five rooms, currently generating an annual income of £31,320, but has scope for six rooms, potentially increasing the annual rent to £57,600. The property features a mix of bedrooms, bathrooms, and reception rooms across its four floors, with a lovely secluded city garden to the rear. With a 2000-year lease from 1917 and a ground rent of circa £17, this property offers a solid investment opportunity for those looking to capitalize on its potential.
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