The Quadrant, Hull HU6 4 bed flat for sale

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The Quadrant, Hull HU6 4 bed flat for sale

100-102 The Quadrant, Hull, HU6 8NS
£245,000

Our Summary

  • We are excited to present this fantastic development opportunity
  • *PRIME DEVELOPMENT OPPORTUNITY* ***20, Bentley Grove, Hull, City Of Kingston Upon Hull HU6 8NP £122,000
  • 9% if achieved for guide price *HIGH YIELD* For those looking for a great project with vast potential to add value and still have high cashflow after refinance *BRRR STRATEGY* The property could be a unique Serviced Accommodation which could generate £75 per room per night ***HIGH CASHFLOW INVESTMENT*** PRIME NEW LISTING
  • We are excited to present this fantastic mixed use investment opportunity
  • *PRIME DEVELOPMENT OPPORTUNITY* Property currently has 2 turnkey flats ready to be occupied and let out on the upper level
  • There is currently approved planning permission in place to convert the 2 downstairs hops into 2 x 1 Bedroom flats
  • 24/00172/COU - Planning permission
  • Property currently comprises:  Ground Floor: A blank canvas with planning permission in place for a change of use to convert the current 2 shops into 2 x 1 bedroom flats
  • Here is the link to all of the relevant documents about the currently approved planning permission: The property could be an attractive serviced accommodation which could achieve £75 per room per night once renovated
  • If fully converted into residential properties there is scope to finish with 4 x 1 bed flats
  • 9% if achieved for guide price *HIGH YIELD* For those looking for a great project with vast potential to add value and still have high cashflow after refinance *BRRR STRATEGY* Sales comparables: ***20, Bentley Grove, Hull, City Of Kingston Upon Hull HU6 8NP £122,000
  • This property is offered at a fantastic price to ensure an Auction sale
  • The property will feature in our upcoming timed online auction
  • To participate in the live auction, you must have a bidding account created
  • For those looking for a great project with vast potential to add value and still have high cashflow after refinance *BRRR STRATEGY*
  • *PRIME DEVELOPMENT OPPORTUNITY*

Description

This is a prime development opportunity in Hull, featuring two turnkey flats on the upper level and a blank canvas on the ground floor with approved planning permission to convert two shops into two one-bedroom flats. The property has the potential to generate a high rental income of £675-£725 per month per flat, or £32,400-£26,400 per year, with a yield potential of 13-13.9%. Alternatively, it could be used as a serviced accommodation, generating £75 per room per night, or as a BRRR strategy for a high cash flow after refinance. With its unique blend of history and modern innovation, Hull offers a great quality of life, affordable cost of living, and strong sense of community, making it an attractive investment opportunity.
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