Lambwath Hall Court, Hull, East Riding Of Yorkshire, HU7

*INVESTMENT OPPORTUNITY*GUIDE £220,000 to £240,000*FOUR 2 BED 2 BATH UNITS AVAILABLE*PORTFOLIO FOR SALE OR CAN BE SOLD SEPARATELY*MODERN & WELL-MAINTAINED APARTMENTS MANAGED BY SAME AGENT FOR AROUND 15 YEARS*OPEN PLAN LAYOUTS* PARKING*PRODUCING RENTAL INCOME CIRCA £20,040*POTENTIAL TO INCREASE RENT*

INTRODUCTION

Taylors are delighted to offer a portfolio of 2 bed 2 bath apartments which are modern and well maintained throughout. A total of 6 units are available producing a gross rental yield of around £20,040 per annum with scope to increase rents. Existing rents range from £395 to £425 PCM month but we anticipate that rental per month could be increased to £475 - £495 PCM. Situated in a modern block of apartments in an established location close to local amenities. There are 3 groundfloor and 1 2nd floor units available. 4 units would be sold with existing assured shorthold tenancies. The vendors are willing to sell as portfolio or would consider offers on individual units. Turn-key investment. Great opportunity to purchase an established portfolio with a positive and consistent return with very few void periods over the last 15 years.

LOCATION

Lambwath Hall Court is situated on the site of the old Biggin Sports and Leisure club. Located within the Kingston Upon Hull boundary to the East of the City, this property is situated in Bransholme close to Sutton Village, North Point Shopping Centre and Kingswood Retail and Leisure park. With lots of local amenities on your doorstep and household names such as Asda, Boots, Argos, TK Maxx, Next within 5 minutes drive, this property is well situated in a quiet and private street with large green spaces and play park close by.

INVESTOR NOTES

4 units are let on Assured Shorthold Tenancy and are achieving a rental yields of between £395 & £425 per calendar month. The flats can be sold as an individual unit but are part of a larger portfolio that could be sold as a package if you are looking to purchase multiple units. The property has been well managed by the same local Letting Agency for approximately 15 years. Management history and background information can be provided by the Managing Agents on request.

PICTURES OF SEVERAL APARTMENTS USED FOR ADVERTISEMENT PURPOSES - PLEASE NOTE IT IS NOT THE FULL BLOCK THAT WE ARE ADVERTISING - THERE ARE UNITS WITHIN THE BLOCK TO BE SOLD AS A SINGLE PORTFOLIO OR CAN BE SOLD INDIVIDUALLY

SERVICE CHARGES & LEASE DETAILS

£1517.96 per ANNUM per unit

APARTMENTS COMPRISE:

ALL APARTMENTS ARE OF SAME LAYOUT. ALL BATHROOMS AND EN-SUITES ARE THE SAME. KITCHEN ARE SAME LAYOUT BUT HAVE DIFFERENT SHADES/COLOURS & WORK SURFACES


ENTRANCE HALLWAY

Super entrance hallway which provides great place to kick your shoes off and hang up coats/jackets. Inner hallway is arterial to the apartment with all rooms situated off. Neutrally decorated throughout.

LOUNGE

Spacious with plenty of light, this room offers a variety of furniture layouts and benefits from Juliet balcony with views over the green spaces to the front aspect of the apartment block. Communal sky dish and light stream internet connection available.

KITCHEN

Modern fully fitted kitchen with integrated oven, gas hob & extractor. Plenty of space for a dining table & chairs along with separate storage cupboard.

BEDROOM 1

Very well proportioned master bedroom with en-suite off.

EN_SUITE

Well equipped with corner shower, low flush toilet & sink and pedastel.

BEDROOM

Very well proportioned double bedroom

BATHROOM

Well presented, bath with low flush toilet & sink and pedastel.

OUTSIDE

Apartment block has communal parking, separate bin store and bike park. Green areas and mature trees surround the block, all grounds are maintained to a very high standard.

HEATING

Property benefits from electric heating

DOUBLE GLAZING

Property benefits from UPVC double glazing throughout

COUNCIL TAX

Council Tax is payable to Kingston Upon Hull City Council, we believe property be band A. Please check with the local authority for confirmation.

BLOCK MANAGEMENT FEES

Can be confirmed on request

VIEWINGS

Viewings are strictly by appointment only

THINKING OF SELLING OR STRUGGLING TO SELL YOUR PROPERTY

Why not try TAYLORS? We can offer a free valuation and explain the benefits of using TAYLORS to sell your home!!

MEASUREMENTS & FLOORPLAN TO FOLLOW

DISCLAIMER

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. The particulars are produced in good faith but do not constitute any part of an offer or contract. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. They are not to be relied upon as statements or representations of fact, any prospective purchaser should satisfy themselves by an inspection of the property before making an offer. No person employed by Taylors Estate Agents (Hull) Ltd has the authority to provide any warranty whatsoever in relation to this property

References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.

Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

MEASUREMENTS

These approximate room sizes are only intended as general guidance. All measurements have been taken as a guide to prospective buyers and are not precise. All buyers should satisfy themselves with regard to room dimensions, Taylors Estate Agents (Hull) Ltd cannot be held responsible for any discrepancies with regard to measurements.