63 Rugby Road,

Ulster Property Sales

£499,950

Description

UPS Forestside are delighted to bring this exciting investment opportunity to the market. Located on one of Belfast's most illustrious address Rugby Road is a highly sought-after tree lined street ideally located directly behind Queen's University and only steps away from Botanic Gardens. Belfast City Centre is also conveniently located just a short distance away, offering an excellent range of shops, restaurants, amenities and transport links. The Property is a ready-made investment opportunity, being a fully let HMO with income of £62,500 per annum, offering a hugely attractive 12.5% Yield. The property has recently undergone an extensive renovation and all necessary planning and regulatory approvals are in place. The property is available for purchase as a going-concern, with all furniture and existing lease agreements transferable providing a lucrative opportunity for an investor to obtain excellent returns from the day of acquisition.

Key Features

✓Refurbished Mid Terrace Home
✓8 Person HMO Licence & Planning CLUED In Place
✓New Pvc Windows
✓New Gas Heating System
✓New Fitted Kitchen
✓Two New Shower Suites
✓Utility Area
✓Current Furniture Included
✓3.5 Year Lease Signed -Mutual Break Clause After Year 1
✓Current Annual Rental Income £62,500

Rooms

The Accommodation Comprises

Panelled front door to entrance hall

Bedroom One

Living Room

Fitted Kitchen

Shower Room

Utility

First Floor

Bedroom Two

Bedroom Three

Bedroom Four

Bedroom Five

Second Floor

Bedroom Six

Bedroom Seven

Bedroom Eight

Outside

Renovation Works Completed

oProperty converted from 5 bed HMO to 8 bed HMOoWorks completed include:oDamp Proof courseoNew uPVC DG windowsoConversion from Oil to Gas with new 36-40 KW condensing boiler installedoUpgrade plumbing throughout include running showers from the boileroInternal Wall insulation, Room in roof insulation, TRV's, Wall stat. Property now achieves an EPC rating of C. New cert pending but imminent.oUpgrade wiring. EICR in place until Sept 2030oNew kitchenoTwo new bathrooms and new WCoCreating of Utility roomoFull flooring throughout with laminate floroing in all bedrooms and living roomoFully painted throughoutoAll furnitureew white goods installed for letting purposes

H.M.O

Full HMO planning CLUED in placeLicensed HMO for 8 personsLatest HMO inspection July 26 property fully compliantAll H&S works completed to HMO standard including Fire Alarm, emergency lights, fire doors with overhead closures and intumescent strips, escape windows, fire extinguishers and fire boarding.

Location

Approximate location — confirm with the agent.

Save this property

View on Ulster Property Sales ↗