Property

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Property

104–106 Beverley Road, Hull HU3
£2,682,750

Our Summary

  • The rent profile is strong, the tenant mix is stable and the block offers straightforward management with clear scope for rental uplift upon renewal

Description

Peppermint Park, a 26-unit purpose-built block, is situated on Beverley Road, a prime rental corridor in Hull, offering easy access to the city center, university, and bus routes. The block is fully let, aside from two units, generating a total monthly rent of £17,885 and an annual income of £214,620. The apartments are a mix of 1- and 2-bedroom units, with the majority being 2-bedroom flats attracting long-term tenants. The current rents range from £600 to £775 per month, with several tenants on 6-month ASTs and periodic agreements. The block has a strong occupancy rate, reliable rental history, and minimal voids, making it an attractive investment opportunity with a value of £2,682,750 at an 8% yield.