Key Features
Refurbished Mid Terrace Home
8 Person HMO Licence & Planning CLUED In Place
New Pvc Windows
New Gas Heating System
New Fitted Kitchen
Two New Shower Suites
Utility Area
Current Furniture Included
3.5 Year Lease Signed -Mutual Break Clause After Year 1
Current Annual Rental Income £62,500
Description
UPS Forestside are delighted to bring this exciting investment opportunity to the market. Located on one of Belfast's most illustrious address Rugby Road is a highly sought-after tree lined street ideally located directly behind Queen's University and only steps away from Botanic Gardens. Belfast City Centre is also conveniently located just a short distance away, offering an excellent range of shops, restaurants, amenities and transport links.
The Property is a ready-made investment opportunity, being a fully let HMO with income of £62,500 per annum, offering a hugely attractive 12.5% Yield.
The property has recently undergone an extensive renovation and all necessary planning and regulatory approvals are in place.
The property is available for purchase as a going-concern, with all furniture and existing lease agreements transferable providing a lucrative opportunity for an investor to obtain excellent returns from the day of acquisition.
Rooms
The Accommodation Comprises
Panelled front door to entrance hall
Bedroom One
Living Room
Fitted Kitchen
Shower Room
Utility
First Floor
Bedroom Two
Bedroom Three
Bedroom Four
Bedroom Five
Second Floor
Bedroom Six
Bedroom Seven
Bedroom Eight
Outside
Renovation Works Completed
oProperty converted from 5 bed HMO to 8 bed HMO
oWorks completed include:
oDamp Proof course
oNew uPVC DG windows
oConversion from Oil to Gas with new 36-40 KW condensing boiler installed
oUpgrade plumbing throughout include running showers from the boiler
oInternal Wall insulation, Room in roof insulation, TRV's, Wall stat. Property now achieves an EPC rating of C. New cert pending but imminent.
oUpgrade wiring. EICR in place until Sept 2030
oNew kitchen
oTwo new bathrooms and new WC
oCreating of Utility room
oFull flooring throughout with laminate floroing in all bedrooms and living room
oFully painted throughout
oAll furniture
ew white goods installed for letting purposes
H.M.O
Full HMO planning CLUED in place
Licensed HMO for 8 persons
Latest HMO inspection July 26 property fully compliant
All H&S works completed to HMO standard including Fire Alarm, emergency lights, fire doors with overhead closures and intumescent strips, escape windows, fire extinguishers and fire boarding.
