Block of flats for sale

Lismore Street, Carlisle CA1

Investment Consideration:
Vacant possession
erv: £52,200 p.a. Giy: 12.28%
VAT is not applicable to this property
spv can be purchased to minimize stamp duty
Comprises three-storey HMO including 6 double bedrooms (all en-suite). Two of the bedroom are studio size
Newly refurbished to a high standard including flooring, bathrooms, furniture & new electrical consumer unit, new boiler, 300l water tank and gas central heating system
All new appliances including double oven, induction hob, extractor fan, dishwasher, washing machine, tumble dryer and 2 fridge freezers
Garage at the rear and resident on-street parking
Situated in a quiet predominantly residential area, within 10min walk from Carlisle City Centre & Train Station, as well as 5min walk from University of Cumbria.

Property Description:
The property comprises 6-bedroom HMO, fully refurbished to a high standard including new kitchen & appliances, new flooring, all new bathrooms, new boiler and gas central hearing & new 300l hot water tank, providing the following accommodation and dimensions:
Ground Floor: 2 double bedrooms, kitchen/dining, storage
First Floor: 3 double bedrooms (en-suite)
Second Floor: 1 double bedroom (en-suite)
Total gia: 191 sq m (2,056 sq ft)

Tenancy:
The entire property is at present vacant. Estimated rental value:
4 double bedrooms (en-suite) - £33,600 p.a. (£700 pcm each)
2 large double bedrooms (en-suite) - £18,600 p.a. (£775 pcm each)
Total erv: £52,200 p.a.

Location:
Carlisle is a border city and the county town of Cumbria. The town is located 8 miles south of the Scottish border at the confluence of the rivers Eden, Caldew and Petteril. Carlisle is the only city in Cumbria. The city centre is largely pedestrianised and the Lanes shopping centre is home to around 75 shops. Carlisle is linked to the rest of England via the M6 motorway to the south, and to Scotland via the M74/A74 towards Glasgow and the north. The property is situated in a quiet predominantly residential area, within 10min walk from Carlisle City Centre & Train Station, as well as 5min walk from University of Cumbria.