Guide Price £600,000 · Belmont Road, Hereford, HR2
Available
Features
  • Detached freehold investment
  • Approved planning to convert to 11 studio flats
  • Currently a licensed 12 room HMO
  • Current rental: £55,820 per annum
  • 7 bathrooms
  • Parking and gardens
  • Convenient location half-a-mile from city
12 beds 7 baths
Description
We are offering for sale this detached, freehold residential investment property. The home is currently operating as a licensed 12-bedroom House of Multiple Occupation with a gross rental return of £55,820 (before running costs). Two planning applications have been approved to convert the property into 11 studio apartments. One application grants the conversion of the existing building into 9 studio flats whilst the second application grants the development of a first-floor extension above the existing single storey building.

Planning Application Numbers: 200412 & 231123

Location: The property is conveniently location approximately half-a-mile south/west of the city centre on the well-serviced Belmont Road. A host of amenities can be found near to the property to include Asda Superstore and other food stores and shops, barbers, takeaway food outlet, schools, Halo Leisure Pool and the King George V playing fields. The city centre of Hereford boasts an array of shops, bars, restaurants and facilities including the Hospital and train station.

Services - All mains services are connected to the property. There is a gas central heating system.

Agent’s Note - None of the appliances or services mentioned in these particulars have been tested.

Council Tax Band - TBC

Money laundering regulations To comply with Money Laundering Regulations, prospective purchasers will be asked to produce identification documentation at the time of making an offer.  We ask for your co-operation in order that there is no delay in agreeing the sale.

Consumer protection from unfair trading regulations 2008 (CPR) We endeavor to ensure that the details contained in our brochure are correct through making detailed enquiries of the owner but they are not guaranteed. Andrew Morris Estate Agents limited have not tested any appliance, equipment, fixture, fitting or service and have not seen the title deeds to confirm tenure. None of the statements contained in these particulars as to this property are to be relied on as a representation of facts. Any intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each statement contained within these particulars.

Referral fees: Andrew Morris estate agents may benefit from commission or fee from other services offered to the client. These services include but may not be limited to conveyancing, financial advice, surveys and insurance. 
Additional Details
Bedrooms: 12 Bedrooms
Bathrooms: 7 Bathrooms
Parking Spaces: 4 Parking Spaces
Tenure: Freehold
Rights and Easements: Ask Agent
Risks: Ask Agent
Floorplans
Branch Office
Andrew Morris Estate Agents - Hereford

Andrew Morris Estate Agents - Hereford

Andrew Morris Estate Agents Ltd
1 Bridge Street
Hereford
Herefordshire
HR4 9DF
Phone: 01432 266775
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