1/4
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 PropertiesInvestment Unit
£900,000 Freehold
Carmichael House,112/114 Sunny Bank, Kingston upon Hull, HU3 1LF
Investment -
Available
9,053 sq ft
841 sqm
Show phone number