Townhouse for sale in
We are delighted to bring to the market this fantastic investment opportunity to purchase a well established East Belfast property portfolio comprising of 7 separate properties located in BT5 and BT6. The portfolio is offered as a lot.
Further details listed below:
35 Woodcot Avenue, BT5 5JB – 4 bedroom HMO currently rented at £1515 per month fully occupied.
26 Castlereagh Place, BT5 4NN – 5 bedroom HMO currently rented at £1975 per month fully occupied.
125 My Ladys Road, BT6 8FE – 5 bedroom HMO currently rented at £2055 per month fully occupied.
59 Portallo Street, BT6 9BE – 5 bedroom HMO currently rented at £1910 per month fully occupied.
268 Ravenhill Avenue, BT6 8FE – 5 bedroom HMO currently rented at £1760 per month fully occupied.
419 Woodstock Road, BT6 8PW – 5 bedroom townhouse currently rented at £870 per month. Potential rent as HMO £1800 per month.
Current rental return fully occupied: £10,085 per month.
Potential rental return fully occupied all as HMO: £11,015 per month.
Rents provided are currently what the properties are returning and are subject to increases.
Please note HMO licences are not transferrable and need to be applied for on an individual basis. The vendor and / or agent is willing to accompany the new purchaser through this process if a bid is accepted on the portfolio.
Rental returns quoted are based on what the properties are currently achieving on an individual room rental basis as HMOs.
For further information, please contact the office on 028 9065 3333.
Property Ref: JMB_JMB23428
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John Minnis Estate Agents (Greater Belfast)
404 Upper Newtownards Road, Greater Belfast, Belfast, BT4 3GE
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