My Pad Accommodation Ltd
Tel: 01482 342445
139 Cottingham Road
Hull
HU5 2DH
Spring Bank, Kingston Upon Hull
Asking Price £337,500
5 Bedroom Block of Flats
INVESTMENT PROPERTY FOR SALE
Impressive freehold block comprises five well-appointed one-bedroom flats. Each flat is currently fully tenanted, ensuring a steady income stream for the discerning investor. These flats are designed to maximise space and comfort, making them an attractive option for tenants.
The property boasts a remarkable gross annual income of £28,200, which translates to an impressive gross return of 8.3%. This makes it an excellent opportunity for those looking to expand their property portfolio or enter the rental market with a solid investment with potential to also increase rents and maximise returns.
The flats are in good condition and require no immediate work, allowing for a hassle-free acquisition. This is particularly appealing for investors seeking a property that is ready to generate income from day one.
Situated in a lively neighbourhood, the location offers convenient access to local amenities, public transport, and recreational facilities, making it a desirable place for tenants helped even more so with a private off street car park to the rear.
In summary, this freehold block of flats presents a rare opportunity to invest in a fully tenanted property with a strong income potential in Kingston Upon Hull. Whether you are an experienced investor or new to the market, this property is certainly worth considering.
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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