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Hull HU2 20 bed block of apartments for sale

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Hull HU2 20 bed block of apartments for sale

Hull HU2
£375,000

Our Summary

  • A rare opportunity to acquire the second phase of the highly successful Old Mill development—an impressive Grade II listed riverside building with full planning permission granted for conversion into 20 apartments
  • The property is currently a shell, offering developers and investors the ideal blank canvas to replicate the neighbouring scheme, which was completed and fully let, achieving a strong rental yield and excellent market response
  • The top floor is already studded out, complete with Velux windows and balconies, indicating progress and structural readiness for conversion
  • Whether you’re an experienced investor looking to expand your portfolio, or a developer seeking a project with planning, proven demand, and significant upside, this opportunity represents exceptional potential with much of the groundwork already in place
  • Planning Reference 00019127LRef number 14/00879/FULL
  • Existing shell structure – ready for immediate conversion
  • Full planning permission granted for 20 apartments
  • Planning Reference 00019127 L Ref number 14/00879/FULL
  • Planning Reference 00019127L Ref number 14/00879/FULL
  • Planning Reference 00019127L Ref number 14/00879/full

Description

This rare opportunity presents a blank canvas for developers and investors to convert a Grade II listed riverside building into 20 apartments. The building is currently a shell, with the top floor already studded out and featuring Velux windows and balconies, indicating significant progress and reducing the upfront redevelopment work. The adjacent first phase of the development, comprising 22 apartments, has achieved strong rental yields and demand, with rents ranging from £600-£875 per flat. The approved plans allow for a mix of one- and two-bedroom apartments, ideally suited to the local rental market. The property benefits from an idyllic riverside location, ample off-street parking, and is situated in an area undergoing regeneration, enhancing its long-term investment potential. With much of the groundwork already in place, this opportunity represents exceptional potential for developers and investors looking to expand their portfolio or capitalize on a proven demand.