Producing A very attractive gross annual income of £16,000 per annum which produces A superb 12.3% yield
This two storey six bedroom multi-let is fully occupied at the moment producing a very healthy annual yield of £16,000 per annum and is currently fully managed allowing any investor to purchase this property as a going concern and take on the existing tenancies. This is a high demand area due to its close proximity to Beverley Road with its excellent transport links, Hull University and Newland Avenue. This property can be purchased with no chain involved and the accommodation briefly comprises to the ground floor three good size bedrooms, one with en-suite shower facilities and a communal dining kitchen, to the first floor are three bedrooms, two shower rooms and an additional storeroom. The property has a low maintenance rear yard and outbuilding which makes a perfect storage area.
Beverley Road acts as one of the main feeder roads into Hull. It offers excellent local amenities, shopping, recreational and sports facilities with good public transport links to both the City Centre and Beverley. The Tesco superstore on Beverley High Road is within a short driving distance as are the universities on Cottingham Road.
Council Tax is payable to the Kingston Upon Hull City Council. From verbal enquiries we are advised that the property is shown in the Council Tax Property Bandings List in Valuation Band A.*
Fixtures & Fittings:
Certain fixtures and fittings may be purchased with the property but may be subject to separate negotiation as to price.
*The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.
Strictly by appointment with the sole agents.
We will be pleased to offer independent advice regarding a mortgage for this property, details of which are available from our Hull - Newland Avenue office on . Independent advice will be given by Licensed Credit Brokers. Written quotations on request. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.
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Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.
The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.