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12 bedroom block of apartments for sale
Spring Bank, Hull
£295,000
Spring Bank, Hull
£295,000
Our Summary
- INVESTMENT OPPORTUNITY WITH POTENTIAL FOR HIGH RETURNTo be converted into 9 studios & 1 x 3-bed HMO to the rearWith private rear access car parkPotential annual income of £80,000+ (after renovation)Predicted gross return after renovation – 12 to 13%Buyer's premium appliesEnquire on / for more details
Description
This is an investment opportunity to convert a property into a lucrative HMO, comprising 9 studios and 1 three-bedroom unit, with private rear access car park. The property has the potential to generate a significant annual income of £80,000+ after renovation, resulting in a predicted gross return of 12-13%. With a buyer's premium applicable, this is an attractive opportunity for investors seeking a high-return investment.