3 bed light industrial

>

3 bed light industrial

Hallgate, Cottingham HU16
£270,000

Our Summary

  • Prime Investment Opportunity in Cottingham
  • This makes it a highly desirable addition to any investment portfolio, offering both immediate returns and long-term growth potential thanks to its prime location, ongoing regeneration of the wider area, and consistently strong rental demand in Cottingham

Description

This exceptional investment opportunity in Cottingham presents a prime mixed-use property, comprising two self-contained flats and a ground floor retail unit, all fully occupied and generating a strong rental income. The property boasts a well-presented one-bedroom flat on the ground floor, currently earning £550 per month, and a spacious two-bedroom flat above the retail unit, with an estimated rental potential of £650 per month. The ground floor commercial unit benefits from excellent footfall and an estimated rental income of £1,000 to £1,100 per month. With an impressive estimated gross rental income of approximately £27,000 per annum, this property offers an attractive gross yield of around 10%, making it a highly desirable addition to any investment portfolio. Its prime location, ongoing regeneration of the wider area, and consistently strong rental demand in Cottingham ensure long-term growth potential.