Description
This substantial Grade II Listed HMO at 35 Friarn Street, Bridgwater, offers an 18-bedroom investment opportunity. The property has undergone significant refurbishment.
Investors can let the property as a whole or on an individual room-by-room basis. Potential uses include contractor, student and professional accommodation, subject to any necessary consents.
The property occupies a convenient position on the south side of Friarn Street. Broadway Junction is nearby, and Bridgwater High Street is within easy walking distance. Local restaurants, bars and other amenities are also close at hand.
A separate garden area sits to the rear. This space offers potential for additional outdoor amenity, subject to any necessary consents.
Accommodation
The property extends across four floors, with a total gross internal area of approximately 586.38m² (6,309ft²).
- Basement: 35.32m² | 380ft²
- Ground Floor: 246.46m² | 2,652ft²
- First Floor: 220.77m² | 2,375ft²
- Second Floor: 83.83m² | 902ft²
- Total: 586.38m² | 6,309ft²
Measurements are based on the Gross Internal Area (GIA). Figures have been calculated using the plans provided.
The property boundary, including the gardens, extends to approximately 0.24 acres.
Method of Sale
The property is offered freehold by Private Treaty. The sale includes vacant possession and falls under Land Registry Title Number ST222147.
Investment Opportunity
The property is currently unoccupied and will be sold with vacant possession. This gives purchasers flexibility when planning their letting strategy.
The 18-bedroom layout offers several potential income streams. Purchasers could let the property to a contractor, student or professional accommodation operator. Alternatively, they could let individual rooms separately.
The property previously operated under a company let arrangement. It provided accommodation for working professionals.
Based on the existing layout and room schedule, we estimate a gross annual rental income of £142,000. This assumes full occupancy across all rooms for 12 months. At the guide price of £900,000, this represents a potential gross yield of approximately 15.8%.
These figures are estimates, not guaranteed returns. Purchasers should account for utilities, management fees, maintenance and other operating costs. They should also assess achievable rents and occupancy levels independently. We recommend that all prospective purchasers undertake their own due diligence before proceeding.
