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12 bedroom block of apartments for sale
Spring Bank, Hull
£330,000
Spring Bank, Hull
£330,000
Our Summary
- INVESTMENT OPPORTUNITY WITH POTENTIAL FOR HIGH RETURNTo be converted into 9 studios & 1 x 3-bed HMO to the rearWith private rear access car parkPotential annual income of £80,000+ (after renovation)Predicted gross return after renovation – 12 to 13%Buyer's premium appliesEnquire on / for more details
Description
This investment opportunity presents a chance to transform a property into a lucrative HMO, with the potential to generate an annual income of £80,000+ after renovation. The property currently has a private rear access car park and can be converted into 9 studios and 1 three-bedroom HMO. With a predicted gross return of 12-13% after renovation, this investment has the potential for high returns.