No longer on the market
This property is no longer on the market
Floorplan
Map7 bedroom block of apartments
Key information
Features and description
- Investment Opportunity with Instant Return
- Circa. 9% Yield
- Fully Occupied & In Demand
- Freehold Purchase of Apartment Block & Parking
- Excellent Road and Transport Links
- Located in Hull's Old Town
An outstanding opportunity to purchase a freehold block of 4 apartments, comprising 3x 2 bed and 1x 1 bed in the heart of Hull's Old Town. Located just off Trinity Square along the cobbled Fish Street, with easy access to the waterfront and Marina areas and only a short distance from the main arterial route into the City which is currently undergoing a transformation to aid traffic flow.
All apartments benefit from modern fitments throughout, double glazing, electric heating, refitted kitchens and shower room areas.
An excellent investment to add to an existing or start up portfolio -
Apartment 1 - £450pcm - 1st floor 1 bed apartment. Council Tax Band A. EPC Rating D.
Apartment 2 - £575pcm - 1st floor 2 bed apartment. Council Tax Band A. EPC Rating D.
Apartment 3 - £575pcm - 2nd floor 2 bed apartment. Council Tax Band A. EPC Rating D
Apartment 4 - £525pcm - 2nd floor 2 bed apartment. Council Tax Band A. EPC on Order.
Each apartment is currently fully let & managed by listing agent producing a return of £25,500 per annum, a yield of over 9%.
In addition the property comes with the freehold of the adjacent gated car park with parking for 6 cars, currently leased to Merchants Warehouse, the adjoining apartment block. Details of this and terms of the lease are held by ourselves and are available upon request.
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