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Buy to Let HMO Property for Sale

  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  

€ 369,775

£329,099.75
$428,939.00

Buy to Let HMO Property for Sale

Ready-made investment property consisting of one 7 bedroom HMO and one annex 1 bedroom flat. The property is licensed for 12 people so some rooms can have couples for higher rent. The property is fully rented with a mix of fixed and periodic term ASTs.

Current gross average rent
£738.46 per week/ £3,200.00 per month/ £38,400.00 per annum
The property is held in a limited company. This may give the buyer a choice whether to purchase the company or the property privately. The buyer is advised to contact relevant professional to determine the best course of action for them. When purchasing the shares of a company, there will be a stamp duty at 0.5% against purchasing the property where stamp duty could be as much as 13%.
Purchasing a property in a limited company may save on tax over purchasing a property privately. Private individual owners pay income tax on GROSS income across all properties. Depending on their current tax bracket, this can increase the more rent they earn. Purchasing the property in a limited company limits the income tax to only 19% of NET profit of the company. Scheduled to drop to 18% in April 2020.

Management
The property is currently managed by an approved management company

The property is fully furnished with quality furniture, fixtures, fittings and all white goods. The property comes with CCTV and all the necessary certificates in place.

Reservation deposit non refundable fee: 1% Plus Vat - Once paid property will be taken off market. The fee will then be deducted of the payment due once sale is complete.

House

Property ID: 11363

For:
Sale
Habitable:
Yes
Condition:
2nd hand

No. of bedrooms:
5+ Bedrooms

United Kingdom

Manchester

Address:
14 Walker Street, Denton, Manchester, M34 3LH
Manchester
Close to:
School, Train station, Bus stop, Park, Touristic area.
Setting:
City.

Contact me about this property for sale

Humble Roots
Ashley McMullin
Phone: 03301005421

see all properties for sale from Ashley McMullin

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