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6 bedroom apartment for sale
South Street, Hull HU1
£475,000
South Street, Hull HU1
£475,000
Our Summary
- Since being the UK's City of Culture in 2017, Hull has seen a major uplift in investment from jobs to infrastructure; housing and education
Description
A collection of six tenanted properties located in the heart of Hull city centre is being offered for sale. Since being named the UK's City of Culture in 2017, Hull has experienced a significant uptick in investment, including in housing and education. The properties are located in an investment hot spot with solid, entry-level purchase prices and strong growing rental demand. The portfolio consists of six furnished apartments in Tivoli House, each with a reception hall, bathroom, practical kitchen, and airy living room with bedroom off the living room. The properties are split across three floors, with two on the second floor, two on the third floor, and two on the fourth floor. The annual income from the properties is £39,000, providing a healthy 7% yield with a management agent in place and stamp duty as little as 1%.