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For Sale 27 Bedrooms 12 Bathrooms 0 Reception Guide Price £2,750,000

Ifield Road, West Green, RH11 - Guide Price £2,750,000

The Stamp Duty for this property would be £0    (Show break down) (Hide break down)

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This 27 executive room Licenced HMO property comprises of a three-storey converted office building of standard brick construction with a central access to the rear car park. Located on the edge of Crawley town centre and just 0.3 Miles from Crawley Train Station.

Current Gross Yield 8.6%.

All income and expenditure figures available by request.

Internally the property is configured into 27 HMO letting rooms all with a standard kitchen and shared bathroom facilities. There are two main entrances to the building which provides access to room 1-12 & 13-27 although you can cross the building internally. All rooms are fitted to a good specification incorporating double glazed window, carpeting, Howdens kitchens with fitted oven & hob with an extractor over, LED lighting, security door entry system, electric heating, Sky Plus TV System, Category 5 Wiring, phone link and Wi-Fi. The communal areas are covered by an A1 Profile Fire System and closed-circuit TV.

Ground Floor - 10 Letting rooms all with fitted kitchens, single or double bed, double or single wardrobe, black out blinds, sky points and internet points. Shared communal laundry room. There are five communal shower rooms one with a W/C and five separate W/Cs serving the Ground Floor.

First Floor - 11 Letting rooms all with fitted kitchens, single or double bed, double or single wardrobe, black out blinds, sky points and internet points. Shared communal laundry room. There are four communal shower rooms one with a W/C and five separate W/Cs serving the First Floor.

Second Floor - 6 Lettings room all with fitted kitchens, single or double bed, double or single wardrobe, black out blinds, sky points and internet points. Shared communal laundry room. There are two communal shower Rooms one with a W/C and three separate W/Cs serving the Second Floor.

Outside. Bin area, smoking area, cycle rake and a car park with 10 car parking spaces.
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Letting Fee Information

1) Tenant Referencing Fee - 1st Applicant £200.00 + VAT = £240.00. Plus £100.00 + VAT = £120.00 for each tenant thereafter.

2) Admin Fee for Tenant  (Check out )
    Studios, One Bedroom, Two Bedrooms -  £120.00 + VAT £24.00 = £144.00
    Three Bedrooms -  £150.00 + VAT £30.00 = £180.00
    Four Bedrooms -  £200.00 + VAT £40.00 =£240.00
    Five Bedroom -  £250.00 + VAT £50.00 = £300.00

3) Holding Deposit - £300.00 which will be deducted off the first month’s rent.

4) Tenancy Renewal - £100.00 + VAT = £120.00

5) Tenancy Deposit - Typically six weeks of the monthly rent, lus first month’s rent in advance. (For Example. Rent £1000.00 per calendar month paid in advance. Tenancy Deposit £1500.00. (six weeks rent) full amount payable at start of tenancy £2500.00.)