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Kingston Upon Hull HU5 25 bed block of apartments for sale
(x17 Flats) Beverley Road, Kingston Upon Hull, HU5
£800,000
(x17 Flats) Beverley Road, Kingston Upon Hull, HU5
£800,000
Our Summary
- With some renovation work and a strong management team in place, this property offers exceptional potential for investors seeking a lucrative addition to their portfolio
- 4-acre site with off-street parking, detached garage,s and ample space for further development (subject to necessary planning consents)
- **Excellent opportunity to add value through renovations and strategic management
- This is an outstanding investment opportunity with significant growth potential—ideal for seasoned investors looking to expand their portfolio
Description
This property presents a fantastic investment opportunity, offering 17 flats that are currently 90% occupied and generating an estimated potential rental income of over £100,000 per annum. With a strong management team in place, the property has excellent potential for further renovation and growth, with a gross yield of 12.5% based on a purchase price of £800,000. Located near Hull University, the property benefits from consistent demand from students and professionals, and its 0.4-acre site offers scope for further development subject to planning consents. With significant growth potential and a lucrative income stream, this is an outstanding opportunity for experienced investors looking to expand their portfolio.