Bishop Lane, Hull HU1 2 bed flat for sale

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Bishop Lane, Hull HU1 2 bed flat for sale

Bishop Lane, Hull HU1
£80,000

Our Summary

  • Property Reference number : 698798INVESTMENT OPPORTUNITY - 10
  • It presents an excellent investment opportunity, as it is currently tenanted at £730 pcm

Description

This is an investment opportunity to purchase a beautifully renovated 2-bedroom flat in Hull's historic Old Town, which has been featured as a film location. The property has been fully renovated to preserve its original period features and is currently tenanted at £730 per month, generating a gross rental yield of 10.88%. The flat is being sold due to the owner's relocation out of the UK and is open to cash offers before other offers are considered. The property comes with a 240-year lease remaining, with annual ground rent of £449 and service charge of £984. Viewings are available, but buyers are warned to exercise caution when transferring funds to the owner before viewing the property in person.