Six-Bedroom Hmo Hostel Investment Property

We are pleased to present this vacant 6-room, 27-bed HMO/Hostel located in a prime position in Swansea. The property is fully equipped and ready to be utilised as a fully functional HMO/Hostel, presenting an excellent opportunity for ambitious investors or business owners looking to capitalise on its potential. The accommodation comprises an inviting entrance leading to a vibrant bar/social area, a practical storage room, and six spacious bedrooms, each featuring its own ensuite. With local room rentals averaging 70 pounds per night, the property offers significant income potential, capable of generating approximately 482,895 pounds per annum based on a 70% occupancy rate. Situated in a sought-after area, the property benefits from high foot traffic, passing trade, local amenities, and excellent transport links. Swansea, a coastal city in Wales, is renowned for its stunning beaches, vibrant cultural scene, and strategic location offering convenient transport links and historical attractions.