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12 bedroom block of apartments for sale
Peel Street, Kingston Upon Hull
£475,000
Peel Street, Kingston Upon Hull
£475,000
Our Summary
- INVESTMENT PROPERTY FOR SALEThis impressive block of flats presents a remarkable investment opportunity
Description
This impressive block of eight fully tenanted flats presents a remarkable investment opportunity, offering a strong rental history and a turn-key investment with no immediate works required. The property boasts an expansive layout with eight reception rooms, twelve well-appointed bedrooms, and eight bathrooms, designed to accommodate a variety of tenants and ensuring a steady income stream. A private off-street car park with parking for up to eight vehicles adds to the convenience and appeal of the flats. With a prime location and minimal running costs, the property currently achieves an annual gross income of £49,140, representing a gross return of 10.3%. This is an excellent choice for investors seeking a reliable and profitable addition to their portfolio, with the potential to generate a significant income stream.