9 Bedroom Property for Sale

Biscot Road, Luton

£500,000

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Key Features

9 Bedrooms
Class C3/C4 use

4 Communal Shower Rooms
Parking to the Rear

Full Description

Venture Commercial are pleased to offer to the market a spacious residential property which has been converted into a HMO (House of Multiple Occupation) currently rented to a social care provider. Benefitting from C3/C4 Class Use, the property is perfect for social care providers, serviced accommodation providers or housing associations and is fitted to comply with all required safety measures.

The ground floor of the property comprises of a entrance hall, open hallway with cupboard providing washing facilities, communal Kitchen, Two Communal Shower Rooms, Four Bedrooms and Room currently used for office. The first floor comprises of a further Five Bedrooms and a further two communal shower rooms.

The Property also benefits from low maintenance external areas including paved area to the front, seating area and driveway to the rear of the property.

The Property is offered with Tenants in situ with a Lease due to expire in October 2024 with a rent of £34,000 per annum providing an investment yield circa 6.8%. The lease is not automatically renewable, however the option to negotiate a Lease renewal with a rent increase remains.

To arrange a viewing please contact Venture Commercial on 01582 957 591.

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