Wright Street, Hull, East Riding Of Yorkshire, HU2
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
22
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 18 apartments across 3 blocks - mix of 4 x 2 beds and 14 x 1 beds
- £144,300 total annual income (£133,500 from apartments + £10,800 from car park)
- Established rental income with strong tenant demand in Hull
- Good location - 5 minutes walk to city centre, HRI teaching hospital, Paragon Interchange train & road links
- High yielding investment with multiple exit strategies, potential for further development or change of use
- 12 dedicated parking spaces generating additional income or space for site office
- Option to purchase full portfolio of 18 apartments, car park and freehold (holding company) for £1.65M
- Option to purchase 6 apartment block or its subsidiary company at £550,000 each
Description
We are delighted to offer a unique investment opportunity to acquire a well-established portfolio of 18 apartments across three separate blocks in Hull, together with 12 dedicated parking spaces generating additional income. This flexible investment can be acquired either as a whole or in parts, providing options for both portfolio buyers and smaller investors.
The portfolio comprises a mix of 4 x two-bedroom and 14 x one-bedroom apartments, appealing to a broad tenant base and ensuring consistently high occupancy. The apartments currently generate £133,500 per annum in rental income, complemented by £10,800 per annum from the car park, providing a total annual income of £144,300.
The portfolio is in a great with being 5 minutes walk to the city centre, HRI teaching hospital, Paragon interchange train & road links meaning that there is high tenant demand in the area.
Purchase Options:
- Option to purchase individual block of 6 apartments or full portfolio of 18 including car park and freehold
Key Investment Highlights:
- 18 self-contained apartments - 4 x 2-beds and 14 x 1-beds
- 12 dedicated car park spaces providing supplementary rental income
- £144,300 total annual income (£133,500 apartments + £10,800 parking)
- Flexible acquisition options - purchase the full holding company or buy individual blocks
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Allocated
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Wright Street, Hull, East Riding Of Yorkshire, HU2
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About Leafy Estates, Harrow
68 South Hill Avenue, South Harrow, Harrow, HA2 0NH
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