My Pad Accommodation Ltd
Tel: 01482 342445
139 Cottingham Road
Hull
HU5 2DH
De Grey Street, Hull
Asking Price £440,000
16 Bedroom Block of Flats
INVESTMENT PROPERTY FOR SALE
Located on De Grey Street in Hull, this impressive multi-unit investment property presents a remarkable opportunity for savvy investors.
The property comprises a well-appointed six-bedroom House in Multiple Occupation (HMO) alongside a block of four one-bedroom flats as well as a block of 3 flats (1-bedroom, 2-bedroom & 3-bedroom respectively). This versatile arrangement is ideal for those looking to maximise rental income, with the current gross annual income standing at an impressive £60,000. The layout is designed to cater to a variety of tenants, making it a lucrative addition to any property portfolio.
A notable feature of this investment is the central courtyard car park, providing convenient off-street parking for residents. However, it is important to mention that there is currently no certificate of lawful use concerning the six-bedroom HMO, which potential buyers should consider.
Situated in close proximity to the vibrant Newland Avenue, residents will enjoy easy access to a plethora of local amenities, including shops, cafes, and restaurants, enhancing the appeal of this property for prospective tenants.
This investment opportunity is not to be missed, offering both immediate income and the potential for future growth in a desirable location. Whether you are an experienced investor or looking to enter the property market, this multi-unit investment property on De Grey Street is worthy of your consideration.
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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