AN 18-BEDROOM HMO has gone up for sale in Oldbury with a price tag of £1.27million.
The huge building called Crown House is on Green Street near the town centre.
The three-storey premises used to be a private clinic and hospital, before it was converted into a House of Multiple Occupation (HMO).
It is being sold as a House of Multiple Occupancy for 18 people by agent Cottons, of Birmingham.
The sales notes state that the building is let to a single tenant and generates an income of £95,760 per annum. They state that the tenants of the property want to remain.
All the bedsits have a shower room, toilet and a kitchenette.
On the ground floor there's a hallway, staff office, nine bed sits, on the first floor there's seven bed sits, while on the second floor there's two bedsits.
The sales note state that there is "further scope to develop" subject to planning consent from Sandwell Council.
They state that the property is being rented for £7,980 a month and that the tenants in the property would like to remain in place.
A house of multiple occupancy refers to residential properties where ‘common areas’ exist and are shared by more than one household.
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