Under Offer
Hull Portfolio – Attractive majority let residential investment opportunities
Offers in excess of £2,000,000
- Property Types:
- Portfolio, Residential
- Tenure:
- Leasehold
Carmichael House, 112-114 Sunny Bank, Hull, HU3 1LF
7 Salisbury Street & 107/109 Park Avenue, Hull, HU5 3EX
Description
- 33 individual Leasehold interests
- 33 flats arranged across 5 buildings and two locations
- Affluent and sought after residential locations within 1.5 miles of the city centre
- Majority let subject to Assured Shorthold Tenancies
- Total Gross Current Rent Reserved: £199,140 per annum
- Total Estimated Rental Value: £220,140 per annum
Offers in excess of £2,000,000 are invited for the Leasehold interests subject to all existing tenancies, subject to contract.
A purchase at this level would reflect a gross initial yield of 9.96% (based upon passing rent) and 11% (based upon ERV).
Subject to contract