Sold
Hull – Unbroken Freehold block comprising 24 self-contained flats
Flats 1-24, Westcott House, 233 Holderness Road, Hull, HU8 8JP
Offers in excess of £1,325,000
- Property Type:
- Residential
- Sub Types:
- Block of Flats, Multiple Flats, Investment
- Tenure:
- Freehold
Description
- Comprises an unbroken block of 24 x one bedroom, self contained apartments
- The majority of the flats have been refurbished in the past year
- Located on Holderness Road, a main arterial road connecting the property to Hull city centre, within 8 minutes by car
- Currently 23 out of the 24 flats are let, producing an income of £117,540 per annum
- Potential to increase existing rents
- Estimated Rental Value (ERV), if fully let of £122,640 per annum
- Gross Yield: 9.25% (based on ERV)
Offers are invited in excess of £1,325,000 subject to all existing tenancies, subject to contract
Subject to contract