2 bedroom flat for sale

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2 bedroom flat for sale

Bishop Lane, Hull
£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 filming location for several major movies. The property has been completely renovated while preserving its original period features and is currently tenanted at £730 per month, generating a gross rental yield of 10.88% and a net rental yield of 9.08%. The property is being sold due to the owner's relocation out of the UK and is available for cash offers, with the seller willing to consider other offers after that. The property comes with a 240-year lease remaining, and the current annual ground rent and service charge are £449 and £984, respectively.