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Investor Alert. An opportunity to either start a portfolio, or add one, with a rental offering gross yield of nearly 11%.
A ground floor one bedroom apartment in a building with 3 other rental properties. Situated in a popular rental area close to Hull Royal Infirmary and KCOM stadium with easy access to shops and public transport.
The building has had exterior works including: roof, guttering and partial rendering. This apartment has had new flooring, new electric heating system, new extractor fan and is newly re-decorated throughout. It has uPVC double glazing and a small but functional fitted kitchen.
This property is being sold with tenant in situ, paying £450pcm.
COUNCIL TAX BAND A.
This is a leasehold property, we are informed that the leasehold details are:
Lease Length - 125 years remaining from 2016
Ground Rent - £250 per annum, plus 25% building insurance which in 2024 was £354.67.
Both ground rent & building insurance have been paid for 2024 and included as part of the sale.