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Middle Gate

Newark, Nottinghamshire

£1,065,000Guide Price

  • 8 bed licenced HMO with 3 commercial units
  • Current net yield of 8.36%
  • Sitting tenants resulting in immediate rental income on completion
  • Fully compliant
  • EPC rating: B, D, D

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Newark, Nottinghamshire

Eight Bed HMO & Three Commercial Unit | Asking Price: £1,065,000 | Freehold Property

KEY INVESTMENT FIGURES
PROPERTY
46A – 8-bed licensed HMO: £58,200 pa
42 – Commercial unit: £13,500 pa
44 – Commercial unit: £15,000 pa
46 – Commercial unit: £14,000 pa
The property is fully occupied with no rental arrears. The HMO is professionally managed, while the commercial units are held on separate leases. There is no service charge or ground rent.
Commercial leases currently run through to 2028, 2031 and 2035.

EPCs: 42 – B | 44 – D | 46 – D | 46A – D

CORPORATE STRUCTURE
The property is held across two companies, with the HMO held on a 999-year leasehold interest. The existing debt is approximately £770,000, and discussions with the lenders have confirmed that the sale can be structured as a share transfer, subject to due diligence and legal documentation.
INVESTMENT HIGHLIGHTS
£100,700 pa income | 9.46% gross yield | 8.36% operating yield | 11 income-producing units | Fully occupied | Licensed HMO | 3 commercial tenants | £770k existing debt | Share-transfer structure
A strong opportunity for an investor seeking an established, diversified income-producing asset with both residential and commercial income streams.

Return on Capital Employed (ROCE) Calculator

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Property Price


Mortgaged

Cash Purchase

Deposit

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25%

£1,065,000.00

Sourcing Fees

£3,000.00

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£8,391.66

£8,391.66

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