My Pad Accommodation Ltd
Tel: 01482 342445
139 Cottingham Road
Hull
HU5 2DH
Peel Street, Kingston Upon Hull
Asking Price £550,000
12 Bedroom Block of Flats
INVESTMENT PROPERTY FOR SALE
This impressive block of flats presents a remarkable investment opportunity. Comprising eight fully tenanted flats, this property boasts a strong rental history, making it a turn-key investment with no immediate works required.
The building features an expansive layout with eight reception rooms, providing ample space for residents to enjoy. With twelve well-appointed bedrooms and eight bathrooms, this property is designed to accommodate a variety of tenants, ensuring a steady income stream.
One of the standout features of this property is the private off-street car park, which offers parking for up to eight vehicles, a significant advantage in urban living. This amenity not only enhances the appeal of the flats but also adds to the convenience for residents.
This block of flats is an excellent choice for investors seeking a reliable and profitable addition to their portfolio. With its prime location, strong rental history, and the ease of management that comes with a fully tenanted property, this opportunity is not to be missed. Whether you are an experienced investor or new to the property market, this block of flats on Peel Street is sure to meet your needs and expectations.
Currently achieving an annual gross income of £49,140, tenants pay their own utilities meaning minimal running costs. That is a gross return of 8.9%.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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