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COMMERCIAL

Beverley Road, Hull

£2,475,750
Tulip, Hull
PROPERTY TYPE

Commercial Property

SIZE

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Key features

  • Mixed portfolio of houses and self-contained flats
  • £16,505 PCM (£198,060 PA)
  • Mix of 1 and 2-bed flats and 3–4 bed houses
  • Full occupancy with only three units on periodic tenancies

Description

Portfolio Overview

A substantial mixed portfolio of houses and self-contained flats located across Grosvenor Mews, Grosvenor Street and Beverley Road, HU3, all in strong rental locations close to Hull city centre and the university. The properties are consistently let, with a mixture of fixed-term and periodic tenancies, producing £16,505 PCM (£198,060 PA).

The Grosvenor Mews element comprises a block of six houses and multiple flats, all fully let with rents ranging from £525 – £825 PCM. Tenancies are mainly six-month ASTs, with a small number on periodic agreements. Unit sizes range from 1-bed flats to 3-bed houses.

The Beverley Road element consists of Flats at 85, 87, 89 and 91 Beverley Road, plus a four-bed house at 93 Beverley Road. Rents range from £525 – £675 PCM for the flats and £975 PCM for the 4-bed house. Several units have two-person occupancy.

Overall, the portfolio offers:
• Strong rental demand across all units
• Full occupancy with only three units on periodic tenancies
• Mix of 1 and 2-bed flats and 3–4 bed houses
• Stable rent profile with long-standing tenants in several properties
• Annual rental income of £198,060
• Estimated value at an 8% yield: £2,475,750
This is a well-performing, fully let portfolio in a proven rental location, suitable for an investor seeking income stability and a strong yield with room for rental growth.

EPC ratings vary between B and C

Brochures

Beverley Road, Hull

Beverley Road, Hull

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hull Station0.6 miles
  • Cottingham Station3.1 miles
  • New Holland Station3.5 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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Disclaimer - Property reference 34345041. 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 Tulip, Hull. 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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