The property is currently a 19 bed HMO having been recently converted. The property has been completely refurbished to include 6 en-suite rooms, 7 rooms with shower units and 6 non en-suite, a communal lounge and kitchen at ground floor level, with a basement laundry room. Externally the property benefits from two off street parking spaces. The property is currently 85% leased for the coming educational year and on full occupation provides for a Gross Rent of £81,000 per annum, which equates to a Gross Yield of 9%.
Westminster Road is situated in close proximity to Coventry University, approximately 10 minutes walk and is a street largely inhabited by student converted property. The location is also a short walk from the city centre retail and leisure areas. There is a bus stop in close proximity that gives access around the city and Coventry train station is approximately a 5 minute walk.
Strictly by appointment with the agent Bromwich Hardy.
Each party is to bear their own legal and surveyors costs incurred in this transaction.