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Investment

Investment For Sale Kingston upon Hull

PROPERTY ID: 132102

PROPERTY TYPE

Investment

STATUS

Available

SIZE

9,053 sq.ft

Key Features

Fourteen apartment residential investment consisting of thirteen 1 bed and one 2 bed.
Currently producing £74,553 per annum.
Long standing tenants with opportunity to maximise rental potential.
One apartment is vacant and requires refurbishment.
Provides a Net Initial Yield of 8.17% after purchase costs of 5.33%.

Property Details

Carmichael House Forms Two Adjoining Mid-terrace Victorian Properties Under A Pitched Tiled Roof And Enjoys A South Facing Aspect. The Property Has Been Converted To Provide Fourteen Self-contained Apartments, Thirteen 1 Bed And One 2 Bed. The Property Investment Provides Long-standing Tenants With Potential Opportunity To Maximise The Rental Growth. One Flat Has Recently Become Vacant From A Long-standing Tenant And Requires Refurbishment. The Rear Of The Property Provides A Communal Garden With Additional Storage For Utility And Bike Store.

About the Agent

Garness Jones Commercial Ltd

See Agent's Other Properties

Investment Unit

£900,000 Freehold

Carmichael House,112/114 Sunny Bank, Kingston upon Hull, HU3 1LF
Investment - Available
9,053 sq ft
841 sqm
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