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HMO Portfolio, Oldbury Road, Worcester 31 bed townhouse for sale
HMO Portfolio, Worcester, Worcestershire, WR2 6AR
£1,900,000
HMO Portfolio, Worcester, Worcestershire, WR2 6AR
£1,900,000
Our Summary
- Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'
- This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent
- The property is being sold via a transparent online auction
Description
The property portfolio in Worcester City, specifically in the student-centric area of St Johns, comprises a collection of eight HMOs offering a total of 31 lettable bedrooms. These properties are strategically located close to Worcester University, a major draw for students seeking accommodation. The portfolio includes a mix of semi-detached and mid-terrace houses, as well as a detached property, all of which are fully let on individual 11-month tenancy agreements with Assured Shorthold Tenancy (AST) agreements starting from September 2023 to July 2024. Each property has its own separate, non-transferable 5-year HMO license, contributing to the combined monthly income of £15,805 and an annual income of £173,855. The properties are being sold as part of an online auction, with potential buyers required to undergo a verification of identity process to participate in the bidding. Viewings are strictly by appointment through the marketing agent or the auctioneer, and bids can be made through the marketing agent or the auctioneer's website. This portfolio presents an attractive investment opportunity in a high-demand area with a consistent and substantial income stream.