5 bedroom block of apartments for sale

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5 bedroom block of apartments for sale

Spring Bank, Kingston Upon Hull
£337,500

Our Summary

  • This makes it an excellent opportunity for those looking to expand their property portfolio or enter the rental market with a solid investment with potential to also increase rents and maximise returns
  • The flats are in good condition and require no immediate work, allowing for a hassle-free acquisition

Description

This impressive freehold block of five one-bedroom flats in Kingston Upon Hull offers a rare investment opportunity, with each flat currently fully tenanted and generating a steady income stream. The property boasts a gross annual income of £28,200, translating to an impressive gross return of 8.3%, making it an excellent option for those looking to expand their property portfolio or enter the rental market. The flats are in good condition, requiring no immediate work, and are situated in a lively neighborhood with convenient access to local amenities, public transport, and recreational facilities. The property also features a private off-street car park to the rear, adding to its appeal. With a strong income potential and minimal upkeep required, this property is an attractive option for investors seeking a hassle-free acquisition that can generate income from day one.