Investment for sale Kingston upon Hull HU2 9PA,11130sq ft

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Investment

Investment For Sale Kingston upon Hull

PROPERTY ID: 124281

PROPERTY TYPE

Investment

STATUS

Under Offer

SIZE

11,130 sq.ft

Key Features

Residential investment comprising of 15 x 2 beds, 3 x 1 bed flats.

Currently producing £8,800 per calendar month. £105,600 per annum.

Provides a gross yield of 7.38%, with a net initial yield of 7.36% after purchase costs of 5.72%.

Each flat reflects a capital value of £75,000 per annum, a rate of circa £121 per SqFt.

Benefiting from 16 parking spaces allocated to the development.

Property Details

10-11 Rose Mews Comprises Of A 3 Storey Traditional Brick Built Residential Apartment Block Under A Pitched Concrete Tile Roof With Pvc Double Glazed Windows Fascia's And Gutters. The Property Benefits From 2 Separate Access Points With Door Entry To Each Flat With Each Floor Comprising Of 5 X 2 Bedroom Flats, With Lounge And Dining And Shared Bathroom Facilities With 3 * 1 Bedroom Flats Consisting Of Seperate Bathroom, Kitchen And Diner, With Each Flat Benefiting From Gas Central Heating.

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About the Agent

Garness Jones Commercial Ltd

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Investment Unit

£1,350,000 Freehold

10-11 Rose Mews,Somerscales Street, Kingston upon Hull, HU2 9PA

Investment - Under Offer
11,130 sq ft
1,034 sqm

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