17 bedroom block of apartments for sale

>

17 bedroom block of apartments for sale

Beverley Road, Hull
£595,000

Our Summary

  • 53 Beverley road is currently a vacant shell with significant development potential
  • The property has an elapsed planning permission consent for the change of use to 9 flats
  • Development Subject to planning and permissions
  • Significant Development Potential

Description

This is an opportunity to purchase two adjacent buildings in central Hull, with 55 Beverley Road currently producing an annual income of £21,636 from its 5 out of 6 tenanted units, with the potential to increase to £26,000 once fully let. The adjacent 53 Beverley Road is a vacant shell with significant development potential, with an elapsed planning permission consent for the change of use to 9 flats. The property is currently classified as D1 and offers a unique chance for an investor to acquire a substantial property with potential for growth and development.