Investment for sale Kingston upon Hull HU3 6NS,4804sq ft

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Investment

Investment For Sale Kingston upon Hull

PROPERTY ID: 129381

PROPERTY TYPE

Investment

STATUS

Available

SIZE

4,804 sq.ft

Key Features

16 HMO flats all with ensuites and benefitting from 2 communal kitchens.

Situated on the main arterial road leading to Hull city centre from the west, with good public transport links.

Currently producing £545 per calendar month, £65,540 per annum, with a potential income of £5,705 per calendar month, £68,460 per annum.

Provides a gross yield of 10.49% on current income with a potential reversionary gross yield once fully let of 10.95%.

Situated on prominent position on Anlaby Road.

Property Details

The Property Consists Of The First And Second Floors Which Are Available On 999 Year Long Leasehold With The Premises Being Refurbished To A High Specification Providing A Total Of 16 Hmo Flats All With Shower And Wc Ensuite . An Hmo Licence Has Been Provided From Hull City Council. The First And Second Floors Are Both Of Similar Configuration With Communal Kitchen Facing The South Elevation Of The Building, Central Corridor, Three Spacious Self-contained Rooms With Shower And Wc Facilities To The West And 5 Smaller Rooms With Ensuite Shower And Wc Facilities To The East Elevation. The Premises Is Fitted To A Good Specification.

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About the Agent

Garness Jones Commercial Ltd

See Agent's Other Properties

Investment Unit

£625,000 Freehold

Britannia House,374-376 Anlaby Road, Kingston upon Hull, HU3 6NS

Investment - Available
4,804 sq ft
446 sqm

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