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Cogan House, Bowlalley Lane, Hull

PROPERTY TYPE

Block of Apartments

BEDROOMS

1

BATHROOMS

1

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Description

INVESTMENT PROPERTY FOR SALE

Cogan House on Bowlalley Lane presents an exceptional investment opportunity. This distinguished block of flats, housed within a striking Victorian building, boasts a fully let portfolio comprising 16 well-appointed apartments. Each unit has been tenanted by working professionals for over 15 years, reflecting the desirability an
d stability of this location.

The property generates a commendable gross annual income of £117,900, offering a robust gross yield of 7.1%. This impressive return on investment makes Cogan House an attractive proposition for discerning investors seeking to expand their portfolio in a thriving area.

The building itself is a testament to Victorian architecture, providing both character and charm, while the apartments are designed to meet the needs of modern living. With a single reception room, one bedroom, and one bathroom per unit, these flats are ideal for professionals looking for comfortable and convenient accommodation.

Cogan House is not just a property; it is a sound investment in a vibrant community. With its long-standing tenant history and consistent income, this opportunity is sure to appeal to those looking to secure a profitable asset in Hull. Do not miss the chance to acquire this remarkable investment property that promises both stability and growth.

Brochures

Cogan House, Bowlalley Lane, HullBrochure
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.
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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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Cogan House, Bowlalley Lane, Hull

Approximate location

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Affordability

Monthly repayments£8,293
Property: £ 1,650,000
Deposit: £ 165,000
Interest rate: 5.35%
Term: 30 years
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Renovation potential
Recently sold & under offer
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About MyPad, Hull

132 Chanterlands Avenue Hull HU5 3TR

MyPad offer a bespoke letting, management & investment sales service.

We are proud of our reputation for reliability and results & offer a hands on service to our tenants and landlords.

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Disclaimer - Property reference 35015438. 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 MyPad, 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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