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