12 bedroom block of apartments for sale

>

12 bedroom block of apartments for sale

Peel Street, Kingston Upon Hull
£550,000

Our Summary

  • INVESTMENT PROPERTY FOR SALEThis impressive block of flats presents a remarkable investment opportunity

Description

This impressive block of flats presents a remarkable investment opportunity, offering a strong rental history and a turn-key solution with no immediate works required. The property features eight fully tenanted flats, each with a spacious layout, well-appointed bedrooms, and eight bathrooms. A private off-street car park provides parking for up to eight vehicles, enhancing the appeal of the flats and adding to the convenience for residents. With a prime location and a steady income stream, this property is an excellent choice for investors seeking a reliable and profitable addition to their portfolio. Currently achieving an annual gross income of £49,140, the property offers a gross return of 8.9%, with tenants paying their own utilities, resulting in minimal running costs.