Hull Investment Opportunity
Financial Information
- Yield 10.3% Net of Utilities
- Market Rent £2800.00 Exc. bills
Location Information
- The property is located on the outskirts of the beautiful Pearson park, through the recently restored park gates
- The building is situated a one minute walk from Beverley Road, which has multiple bus stops and is the main commuting route into Hull centre.
More Information
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Detailed Description
This impressive building comprises communal hallway, 4 x 1 bedroom flats and 2 x 2 bedroom flats with en-suite bathrooms.
The building offers well presented flats, all of which are fully tenanted on periodic tenancy agreements (AST’s).
The property is located on the outskirts of the beautiful Pearson Park, through the recently restored park gates. Upon arriving at the property you will step into a front courtyard, with low brick built wall and black iron pedestrian gate.
There is an enclosed rear garden space, which is not currently being fully utilised, which is a shared space and can be accessed directly from flats 1, 2 and 3.
Entering the property you are greeted by an impressive hallway with high ceilings, and the original sweeping staircase, leading to flat 6.
To the rear of the property there is a second staircase, which provides access to flats 4 and 5.
Flats 1, 2 and 3 are accessed on the ground floor from the main hallway.
The flats themselves are all unique and different from each other, but all offer a lounge, kitchen space, bathroom and separate bedroom area. The two bedroom flats then offer a second bedroom and the added benefit of an ensuite from the principle bedroom.
The building is situated a one minute walk from Beverley Road, which has multiple bus stops and is one of the main commuting routes into Hull centre.
The property is also a short walk, through the park, to the popular street of Princes Avenue, offering bars, restaurants and shops. The location is popular with both young professionals and families.
There is ample on street parking available to the front of the building.
Each flat has an ‘Ideal’ gas fired combi-boiler.
The flats are fully tenanted making this an ideal investment opportunity cash-flowing from day one of ownership.
The location is popular and similar properties command higher rents than are currently being achieved, with further investment into the building the increases could be realised.
To receive a copy of the comprehensive brochure please register on our buyers database – visit our website to complete the buyers registration form.