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32 bedroom house of multiple occupation for sale
Royal Terrace, Barrack Road, Northampton, NN1
£2,240,000
Royal Terrace, Barrack Road, Northampton, NN1
£2,240,000
Our Summary
- There may also be opportunities to increase income through further development, subject to obtaining the necessary planning consents
Description
Edward Knight Estate Agents presents a rare opportunity to purchase a prominent portfolio of three substantial HMO properties, formerly known as The Aarondale Regent Hotel, which serve as private student halls. The properties feature 32 student rooms, including 28 with private en-suite facilities, as well as five communal lounges and five kitchens. The exterior boasts gardens, parking spaces, and courtyard garden areas. The portfolio has been well-managed and maintained to a high standard, with regular summer refurbishment and redecoration programs. Financially, the properties are projected to generate an income of £224,190 for the 2024/25 academic year, offering an estimated yield of approximately 10%. There may also be opportunities to increase income through further development, subject to obtaining necessary planning consents.