The Springs

Wakefield, United Kingdom

£500,000

  • 8/9 Bedroom HMO & 2 Commercial Units For Sale
  • HMO Fully Tenanted To Students On 50 Week Contracts
  • 2 Commercial Units Let Out To Bakery & Beauty Salon
  • Generating Gross Annual Income Of £62,000
  • Wakefield Town Centre
  • Gross Yield Of 12.4%

Get in touch for more information



Pure Investor is delighted to bring to the market this fantastic opportunity to purchase an 8/9-bedroom HMO property above 2 commercial units.

Each of the bedrooms includes an en-suite and has been finished to a great standard. Currently, the HMO is fully let to students who are paying £125 per week for 50 weeks of the year, resulting in a gross annual income of £50,000. Both commercial premises are fully let out with them being used as a bakery and beauty salon respectively. Both units are producing a gross annual income of £12,000.

Situated in Wakefield town centre with two bus stops directly outside the development on both sides of the road. Wakefield bus station is a 4-minute walk and buses run to Leeds, Bradford, Huddersfield etc. Wakefield train station is a 13-minute walk where trains run to London, Leeds, and Sheffield and offers connecting trains to Manchester and Manchester Airport.

Investment Breakdown

  • Asking price: £500,000.00
  • 8/9 Bed HMO and 2 commercial premises
  • Current rental income: HMO £50,000.00 per annum, Commercial £12,000.00 per annum
  • Total rental income: £62,000.00 per annum
  • Tenure: Freehold
  • Outgoing costs: TBC
  • Full HMO license in place

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