Lucrative HMO near Bideford Town Centre generating £39,120 p.a., featuring 6 bedrooms, 2 kitchens, 2 bathrooms, 2 garages. Tenants in situ - ideal for investors seeking strong returns.

This is an exciting opportunity to acquire a lucrative House of Multiple Occupation (HMO) property, currently generating an impressive annual gross rent of £39,120. Skilfully converted from the former Moreton Park Stores, this thriving investment is ideally situated near Bideford Town Centre along the desirable Moreton Park Road.

The property has undergone substantial renovation, particularly on the ground floor, transforming what was originally retail space into contemporary accommodation comprising 3 spacious Bedrooms, a generously sized Kitchen / Living Room, a modern Shower Room and an additional Cloakroom. The ground floor exudes a fresh, contemporary feel and further benefits from a convenient Store Room.

On the first floor, there are 3 further Bedrooms complemented by another spacious Kitchen / Living Room and a Bathroom. Although the first floor accommodation does not have the same contemporary finish as the ground floor, it remains comfortably liveable and functional, following a thoughtful reconfiguration to maximise bedroom space.

Adding further value and versatility to this property are 2 Garages included in the sale - one situated immediately behind the building and another within a nearby block. With garages in high demand in this locality, there is significant potential to boost rental income by leasing these separately or selling them individually.

This attractive investment opportunity is offered with the convenience of the existing tenants remaining in situ, ensuring immediate rental income upon completion.

Important Information

Please note: the floor plan and associated measurements provided are approximate.