Investment Property, East Yorkshire
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Annual rental income £60,780
- Recently renovated HMO
- 11% rental yield per annum
- Potential for uplift in rents
- High demand area for room lets
Description
A row of three terraces recently converted into three modern flats, accommodating a total of eight letting rooms, each with an en-suite bathroom. There is also a ground floor retail unit currently leased to a bridal shop. The property is fully occupied and produces a combined annual rental income of £60,780. Located close to Goole Docks and just steps from the River Ouse embankment and its abundant wildlife. Very close proximity to the port and surrounding industry, employing thousands of workers, there is a very high demand for letting rooms. The occupancy has been at 100% and remains very steady. Each flat has a modern communal kitchen and laundry facility. Centrally heated throughout. The building is in exceptional condition both internally and externally. Currently the annual yield is 11% but we feel there is room for a realistically achievable uplift in the rents being paid, which we believe would raise the annual yield to 12.5% on capital invested.
Notes
Disclaimer - Property reference 591006. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Ernest Wilson & Co Limited, EW Leeds. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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