Hull Investment Opportunity
Property Overview
- 8 Bedrooms
- 2 Bathrooms
- Mid-terraced property
- Currently fully let to student tenants
Financial Information
- Yield 17.2%
- Anticipated ROI 22.5%
- Currently fully let to student tenants
Location Information
- Residential location close to Beverley Road
- Close proximity to Beverley Road, which has multiple bus stops and is the main commuting route into Hull centre
More Information
To receive the full brochure you must register on our exclusive buyers database here.
Detailed Description
Description
We believe this property works best at 75% or less based on an interest rate of 5%.
A wonderful opportunity not to be missed to acquire a well maintained 8 Bedroom mid-terrace, forcourted houseshare with secure outside yard and seating in the popular HU5 postcode.
De Grey Street is situated 2 minutes walk from Beverley Road which has multiple bus stops and is on the main commuting route into Hull centre. It is walking distance to Tesco Express and, conveniently, a large Lidl. The ever popular Newland Avenue is a 5 minute walk away offering Bars, Restaurants and shops making it a very popular location for students, young professionals and families.
The property is spacious and light, well maintained and comfortably kitted out with the addition of a secure outside seating area that could be maximised for the discerning purchaser.
Currently the property is fully tenanted with mature overseas students, tenancy agreements run to June 2023.
It is being sold as a going concern, this is a great opportunity to purchase this ready made investment.
Upon entering the ground floor of the property the communal space has ample relaxation area with leather sofas and the lounge leads on to a fully equipped kitchen in monochrome colour scheme, clean, well maintained and spacious it is well laid out to maximise its purpose.
The entrance hallway leads onto two large double bedrooms in good condition with large windows, sinks and a comfortable furniture package including desks which are replicated in most of the other bedrooms.
On the first floor you will find 2 functional clean shower rooms and a further 4 double bedrooms. On the third floor an additional 2 bedrooms.
The property has gas central heating through a combi boiler.
The current owner holds a HMO licence for the property.
To register on our buyers database, visit our website to complete the buyers registration form.
Buyers premium of £3,600 inc VAT is payable upon completion. Non refundable reservation fee of £1,500 plus VAT which is deducted from the buyers premium is due upon sale agreed.
To receive the full brochure you must register on our exclusive buyers database here.