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COMMERCIAL

104–106 Beverley Road, Hull

£2,682,750
Tulip, Hull
PROPERTY TYPE

Commercial Property

SIZE

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Key features

  • Peppermint Park, 104–106 Beverley Road, Hull, HU3 1YA
  • 26 self-contained flats
  • Total rent of £17,885 PCM (£214,620 PA).
  • Underground secure parking with electric security gates
  • Value at an 8% Yield: £2,682,750

Description

Peppermint Park, 104–106 Beverley Road, Hull, HU3 1YA

A highly consistent Purpose-Built Block of 26 self-contained flats located on Beverley Road, one of Hull’s strongest rental corridors with direct access to the city centre, the university and the bus routes.

The block is fully let aside from two units on periodic / vacating status, and produces a total rent of £17,885 PCM (£214,620 PA).

The apartments are a mix of 1-bed and 2-bed units, with the majority being two-person flats attracting stable long-term tenants. Current rents range from £600 to £775 PCM.

Summary of Units
• Flats 1–18 and 21–26, all two-bed units at £675–£775 PCM.
• Flats 19 and 20 are one-bed units at £615 and £600 PCM.
• Several tenants are on six-month ASTs, with a number on periodic agreements.
• Strong occupancy with reliable rental history and minimal voids.

Underground secure parking with electric security gates.

Performance
• Monthly Income: £17,885
• Annual Income: £214,620
• Value at an 8% Yield: £2,682,750

Investment Notes
This is a well-performing rental block in an established location with constant demand. The rent profile is strong, the tenant mix is stable, and the block offers straightforward management with clear scope for rental uplift upon renewal.

Brochures

104¿106 Beverley Road, Hull

104–106 Beverley Road, Hull

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hull Station0.7 miles
  • Cottingham Station3.1 miles
  • New Holland Station3.6 miles

About Tulip, Hull

105-107 Cottingham Road Hull HU5 2DH

Jamie Austin founded Tulip.

We specialise in the sale of investment properties, licensed and non-licensed H.M.O's, commercial and tenanted properties. We have more than 25 years' experience selling and managing tenanted properties, we help our clients who are both selling and purchasing to understand and avoid the pitfalls along the way.

Our lettings department manage residential, commercial and houses of multiple occupancy. We have a specialist Environmental Housing Team to help with compliance, the licensing and planning status of your investment.

Notes

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