Park Road HMO Portfolio

HMO Portfolio for Sale in Bristol Area

We are proud to present 4 HMO's being marketed as part of a portfolio sale for a total of £1.75m
- HMO 1: Whiteway Close, St George, Bristol - 6 bed, 5 bath HMO
- HMO 2: Cassell Road, Fishponds, Bristol - 5 bed, 2 bath HMO
- HMO 3: Charles Road, Filton, Bristol - 4 bed, 2 bath HMO
- HMO 4: Park Road, Filton, Bristol - 5 bed, 2 bath HMO

Portfolio Details:
- Ready Made HMO Portfolio
- 4 x Properties consisting of 20 rooms
- Fully let and income producing
- Current income £166,500 pa
- Reversionary income £175,925 pa
- All properties are held within a SPV
- Located in strong rental areas throughout Bristol
- Scope to increase rents
- Scope to increase lettable space

Offers invited at £1,750,000 at a Gross Yield (ARY) of 9.5% (Reversionary Yield at 10.02%)

Whilst a preference to sell all 4 properties within the portfolio / SPV. The vendor is will consider selling each property individually.

Portfolio Particulars:
Particulars with full details for the portfolio are available for download.

Management:
All properties are fully let and currently managed by an external agent at 11.5% + VAT management and lettings fee. The agent has advised on potential rent increases which can be implemented on an iterative basis as and when tenants vacate.

Alternative Use:
Given the location and nature of the properties, each property has to potential to be re-converted back to a family home. To note, any purchaser would be responsible for arranging for the decanting of tenants and re-conversion works and costs post completion of a sale.

Planning - Licencing
HMO Licences and Certificates of Lawful Development are in place and available on request.

Viewings:
As an Investment Property/Portfolio, viewings will only be granted to proceedable and qualified investor/purchasers. Therefore, any person wishing to view the property/ies will be required to provide I.D. and Proof of Funds in line with AML regulations prior to viewings.

Legal Costs:
Each side to be responsible for own legal costs

Buyers Fees:
As a broker and investors agent, buying / sourcing fees apply to the purchase of the property and are to be paid on completion. Please discuss with the agent.

Details:

HMO1: Whiteway Close:
Licenced 6 bed HMO in St George, Bristol. The property is fully let to a mixture of working professionals and students and benefits from strong rental demand.
The Property boasts 6 double bedrooms and 5 bathrooms, with 2 of those being ensuite. The property is well finished and benefits from all the facilities required to function as a HMO.

Location:
St George, 2.5 miles east of Bristol's centre, attracts young professionals with its accessibility and community feel. It offers independent shops on Church Road, St George Park for recreation, and efficient public transport, appealing to those seeking urban living with a local touch.

Rental Income:
HMO1 is currently fully let @ £52,860, with potential for reversionary rental income of £53,760.

HMO2: Cassell Road:
Licenced 5 bed HMO in Fishponds, Bristol. The Property boasts 5 double bedrooms and 2 bathrooms. The property is fully let to working professionals, is well finished and benefits and benefits from all the facilities required for use as a HMO.

Location:
Fishponds, 3 miles northeast of Bristol's centre, balances urban convenience with suburban appeal. It holds strong rental demand and is a popular location among students and young professionals, due to excellent transport links and proximity to UWE campuses.

Rental Income:
Currently fully let @ £40,020 pa, with potential for reversionary rental income of £43,140 pa.

HMO3: Charles Road:
4 bed HMO in Filton, Bristol, S.Glos. The property is currently in use as a 4 bedroom HMO being let to a mixture of working professionals and students. The property is fully let and benefits from strong rental demand . The Property boasts a front and rear garden, 4 bedrooms and 2 shower rooms, is well finished and benefits from a Certificate of Lawful Development for use as a HMO.

Location:
Filton, 5 miles north of Bristol is a high demand area and key employment hub, hosting major aerospace companies and UWE's main campus. It features strong infrastructure including the Mall at Cribbs Causeway and Filton Abbey Wood station, ensuring easy city access and beyond.

Rental Income:
Currently fully let @ £30,000 pa, with potential for reversionary rental income of £33,000 pa.

HMO4: Park Road
5 Bed Licenced HMO for Sale in St Northville, Filton, Bristol. The property is currently let to working professionals and benefits from strong rental demand. The property is in an Article 4 Area, and provides 5 double bedrooms and 2 bathrooms (being shower rooms and toilets). The property is well finished and benefits from a Certificate of Lawful Development and Licence for use as a HMO.

Location:
Northville, Filton, 5 miles North of Bristol, is a key employment hub hosting major aerospace companies and UWE's main campus. It features strong infrastructure including The Mall at Cribbs Causeway and Filton Abbey Wood station ensuring easy city centre access and beyond.

Rental Income:
Gross rental income is £43,620 pa, with potential for reversionary rental income of £46,020 pa.

Summary:
Rent Roll:
- Current income £166,500 pa
- Reversionary income £175,925 pa

Offers invited at £1,750,000 at a Gross Yield (ARY) of 9.5% (Reversionary Yield at 10.02%)
Council tax band: B