Block of flats for sale in Beech Close, Kingston Upon Hull HU3

Guide price £175,000 (£100.11/sq. ft)
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Block of flats for sale

1,748 sq. ft*

Property features

  • Residential portfolio
  • Five fully let flats

Property description

The flats are located along Beech Close just off Coltman Street approximately 1.3 miles west of Hull city centre. The surrounding area predominantly comprises of residential and is in close proximity to Hessle Road and its amenities.

An opportunity to acquire five fully let flats within the same estate on Beech Close in Hull. The flats are held under five leasehold titles with a total combined gross income approximately £20,100 per annum.

The estate comprises of three blocks with on site parking for residents and visitors. Each flat is a 1-bed comprising of open plan living and dining room area with a single family bathroom and kitchen. All flats are currently managed by the same local managing agent with the opportunity to continue their services beyond acquisition if required.

This opportunity will appeal to a private investor seeking to grow their existing or purchase a residential portfolio within Hull at an attractive yield.

All five flats subject to the existing tenancies are available at a guide price of £175,000. A purchase at this level will provides a gross yield of 11.49% and assuming acquisition costs of 5.8%, a net initial yield of 9.51%. Viewings to be made strictly through us as sole selling agent.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Barker Property Consultants, HU15 on +44 1482 535534 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Barker Property Consultants, and do not constitute property particulars. Please contact Barker Property Consultants for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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