Income of c.£63,000 with the potential to increase
Newly refurbished spacious HMO
9 beds (2 with kitchenettes) licenced for 10
Second Kitchen on the top floor
Situated within Article 4 area between the University and the city centre
Grade II Listed
From Exeter City centre take New North Road at the Clocktower. Turn left into Hele Road. At the roundabout turn left into St. Davids Hill. The property can be found along on the left hand side.
The Cathedral City of Exeter is one of the most vibrant and attractive Cities in Southern England. With a population of almost 120,000, expanding Top 10 University and growing Business and Science Parks, the City lies on the beautiful River Exe. The City is within half an hour's drive of the coast and moors and is the region's major administrative, commercial and retail centre with major employers including the County Council, County Police, EDF, Flybe, Met Office, Highways Agency and the University.
St. Davids Hill is conveniently positioned close to the city centre with its wide range of shopping and leisure facilities. Exeter College and the University of Exeter are nearby, whilst St. Davids Railway Station is a short walk away and offers direct links to London Paddington and London Waterloo Railway Stations.
Exeter's premium dining destination 'Queen Street' is a short walk into town and offers a variety of restaurants and eateries to enjoy whilst Princesshay Shopping Centre is the perfect location to shop and enjoy coffee. Theatres and cinemas are located within the centre and leisure and water sports can be enjoyed on Exeter's historic Quayside.
High specification Student HMO arranged over three floors with ample communal facilities within this beautiful property. The building comprises 9 double bedrooms, 3 kitchens, a pleasant garden and a lounge that could be converted into the 10th room. The licence is currently for 10 individuals.
This year rents total c.£63,000 with tenants paying utilities. Internet and TV licence currently paid by the landlord.
Kitchen and bathroom facilities are on each floor so there could be potential for conversion into flats in the future (subject to the necessary compliance and consents).