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Investment Property, East Yorkshire

£550,000

Business rates & charges may apply

Ernest Wilson & Co Limited, EW Leeds
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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

INCOME PRODUCING HMO LETTINGS AND SHOP LET in East Yorkshire for Sale.

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.

About Ernest Wilson & Co Limited, EW Leeds

The Business Centre, Deanhurst Park, Gelderd Road, Gildersome, Leeds, LS27 7LG

Selling a Business?

Selling a business in the UK? We’ll be with you every step of the way

Selling any business can be a daunting task, but even more so when you’ve worked hard to build your own. That’s why finding the right business transfer agent is so important; you need to trust that you are working with people who have your best interests at heart.

That’s exactly what you’ll find at Ernest Wilson. Our clients’ interests are at the forefront of everything we do, and we’re pleased to have built a reputation based on our passion for what we do, implicit trustworthiness and thousands of recommendations over the last 60 years. Selling your business can be a time of mixed emotions, but we’ll be with you every step of the way.

Ernest Wilson is the leading business transfer agent with offices throughout the UK. We will never ask for payment in advance, not only do we have the necessary expertise to correctly value your business, we also have the resources to professionally market that business and obtain the best possible price in the market.

No advance payments

We don’t believe in asking for payment in advance, so we simply won’t do it. We often find that those who do are more interested in obtaining your signature than finding you a buyer, leaving their clients underwhelmed by the lack of advertising and efforts put in to selling their business.

Our advice is straight forward: if an agent asks for any payment from you in advance, don't use that agent.

Confidential, discreet support

Selling your business calls for discretion balanced with commerciality. We know that simply putting up a For Sale sign often does little more than set tongues wagging and unsettle your staff, and we’re pleased that we sell over 99% of businesses without the need for one.

We don’t give out details of your business to a potential buyer unless they are registered with us. Only then will they receive the full particulars of sale on your business. Our drive, passion and attention to detail in selling your business means we’ll only introduce it to people who are the very best fit.

Unrivalled, interested contacts

Our database of potential buyers is unrivalled by other transfer agents, and we’re proud of our relationships with potential buyers that allow us to understand exactly what they are looking for – meaning we can sell your business faster.

We offer local, regional and online advertising, and have extensive links to finance through a variety of financial institutions which help to complete your sale.

Thinking of Selling

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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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