The property is located on the southern side of Lampeter High Street (A475), adjacent to Canton Chinese Restaurant and opposite Crown Stores.
Trinity Saint David, University of Wales is less than five minutes walk to the north east of the subject property.
Ceredigion is a county in mid wales and Lampeter is the third largest urban area in Ceredigion after Aberystwyth and Cardigan.
The property comprises a first floor five bedroom HMO which has been newly refurbished.
The seller is looking to convert the ground floor accommodation to residential.
A new central heating system has been installed.
We understand the property has mains gas, electricity, drainage and water connected.
The upper floor will be sold on a 999 year lease. Before completion can take place the upper floor will be separated from the existing freehold title.
The property is currently rented at £1,516.66 per calendar month (£18,200 per annum) reflecting a yield of approximately 18.2%.
To view this property, please contact John Pye Property – firstname.lastname@example.org – 0115 970 6060
18 High Street,
✓ £18,200 per annum
✓ 18.2% yield
✓ 5 bedroom HMO
✓ Newly refurbished
✓ Low maintenance
✓ Town centre location
✓ Long leasehold
✓ 999 year lease to be granted before completion of sale
✓ New central heating system
Phone: 0115 970 6060
Our Ref: PR086