Apartment 7, 12 Franklin Street, Hull, HU9

Guide Price £70,000 - £80,000 plus Reservation Fee

A stylish and unique leasehold triplex apartment offering an exciting opportunity for first-time buyers, investors and those looking for an investment suitable for the holiday rental or serviced accommodation market, subject to the relevant lease terms, consents and any applicable regulations.

The property has previously been advertised and let for over £800 PCM, which could provide an attractive rental return at the current guide price. Based on a rental income of £800 PCM, the property would generate approximately £9,600 per annum, representing a gross rental yield of approximately 13.71% at the £70,000 guide price.

The accommodation briefly comprises an entrance hall with useful storage and a shower room, with the first bedroom situated on the ground floor.

To the first floor is an impressive open-plan kitchen and living area, featuring a vaulted ceiling and gallery-style landing. Bi-folding doors open onto an open terrace, creating an excellent additional space for sitting, relaxing and entertaining. Also located on the first floor is the second bedroom.

One of the standout features of this unique property is the open roof terrace, providing a fantastic outdoor space rarely found with apartments of this type and adding considerable appeal for both owner-occupiers and potential tenants.

The property is competitively priced to attract early interest and represents an exciting opportunity for an investor looking for a property with a potentially attractive rental return, or a first-time buyer seeking something different from the usual apartment.

Located just off Holderness Road, the property benefits from excellent transport links and easy access to a wide range of surrounding amenities and shops. A large supermarket, gym and leisure facilities are all within walking distance, adding further convenience for residents and potential tenants.

Key Features:

Unique Leasehold Triplex Apartment
Two Bedrooms
Open-Plan Kitchen & Living Area
Impressive Vaulted Ceiling
Gallery-Style Landing
Bi-Folding Doors
Open Roof Terrace
Ground-Floor Shower Room
Useful Storage
Previously Let for Over £800 PCM
Approx. £9,600 PA Rental Income at £800 PCM
Approx. 13.71% Gross Yield at £70,000
Potential Holiday Rental / Serviced Accommodation Opportunity, Subject to Permissions & Lease
Ideal for First-Time Buyers or Investors
Excellent Transport Links
Close to Shops, Supermarket, Gym & Leisure Facilities
Competitively Priced to Attract Early Interest

Book Your Viewing Today!

Rental figures are based on previous rental information and are provided as an indication only. Prospective purchasers should satisfy themselves as to achievable rental values, demand, running costs and any restrictions affecting the use of the property.

Any use of the property as holiday accommodation or serviced accommodation would be subject to the terms of the lease, any required permissions or consents and applicable legislation. Buyers should make their own enquiries before proceeding.

 
Fees, Exclusivity & Disclaimer
Reservation Fee:
Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 1.5% of the purchase price (minimum £2,500 + VAT). This fee is in addition to the purchase price. Once paid, the property will be immediately taken off the market, preventing gazumping, reducing delays, and providing peace of mind.

Refund Policy:
The Reservation Fee may be refunded only in specific circumstances, including:

The seller withdrawing from the sale
A chain collapsing beyond the Buyer's control
Significant structural issues confirmed by a qualified structural survey
For full details of refund eligibility, please contact our office.

Exclusivity:
Upon payment of the Reservation Fee, Rezee grants the Buyer a fixed exclusivity period of 90 days from the issue of draft contracts. During this time, the property is reserved exclusively for the Buyer.

Buying Process:

Register your interest
Prepare your finances
Arrange a viewing
Make an offer
Secure the sale via our secure system
Exchange and complete
Important Information & Disclaimer:
A Ready Sale Pack containing detailed property information is available. Buyers are advised to review this pack and undertake their own due diligence before committing to purchase.

Buyers must verify their identity and provide proof of funds as part of our compliance process.

Rezee may offer related services, including conveyancing, mortgage advice and surveying, and may receive referral fees from third-party providers.

Whilst every care has been taken in preparing these sales particulars, they do not constitute any part of an offer or contract and should not be relied upon as statements of fact. Buyers should satisfy themselves as to the accuracy of all information provided.

Stamp Duty (SDLT):
Liability for Stamp Duty Land Tax depends upon the purchase price and the buyer's individual circumstances. Purchasers should seek advice from their solicitor or tax adviser to establish whether SDLT is payable and, if so, the amount due.

Rezee's Approach:
Our innovative selling process provides a secure and transparent way to buy property, helping to reduce the risk of failed transactions and providing greater certainty for both buyers and sellers.