Map6 bedroom apartment for sale
South Street, Hull HU1
Apartment
6 beds
6 baths
Key information
Tenure: Leasehold | 247 yrs left
Service charge: £5,920 per annum
Council tax: Band A
Mobile signal:
EEO2ThreeVodafone
Features and description
- Tenure: Leasehold (247 years remaining)
- Portfolio Sale
- 6 Apartments
- All Tenanted
- Fantastic Capital Growth
- Super Location
- Strong 7% Yield
Video tours
*PORTFOLIO SALE*
On offer, a collection of 6 tenanted properties located in the heart of Hull city centre. Since being the UK's City of Culture in 2017, Hull has seen a major uplift in investment from jobs to infrastructure; housing and education. According to Land Registry data, flats in Hull have increased 12% in value over the last 5 years
Food producers, importers and exporters, the University of Hull and the UK's leading lights in renewable energy production have all expanded and solidified their enviable positions in their sectors which further strengthens the local property market.
The City is an investment hot spot with solid, entry level purchase prices supported by strong and growing rental demand.
The portfolio consists of 6 furnished apartments in Tivoli House which is located in the heart of the city centre. Neatly positioned, the apartments are accessed via a secure communal door entry leading through to spacious reception with lift access to all floors. The properties are split across 3 floors with 2 being on the 2nd floor, 2 on the 3rd floor and 2 on the 4th floor.
Typically each property opens up to reception hall with bathroom complete with stand up shower, storage cupboard, practical kitchen and airy living room with bedroom off living room. With rental demand so high it will be no surprise to see incredibly high occupancy levels providing an annual income of £39,000 for the portfolio giving a healthy 7% yield.
Management agent in place, stamp duty as little as 1% and solicitors ready to go makes this an ideal hands off investment option for the savvy investor.
EPC across all properties is a D rating. Individual EPC's can be provided upon request to a buyer.
On offer, a collection of 6 tenanted properties located in the heart of Hull city centre. Since being the UK's City of Culture in 2017, Hull has seen a major uplift in investment from jobs to infrastructure; housing and education. According to Land Registry data, flats in Hull have increased 12% in value over the last 5 years
Food producers, importers and exporters, the University of Hull and the UK's leading lights in renewable energy production have all expanded and solidified their enviable positions in their sectors which further strengthens the local property market.
The City is an investment hot spot with solid, entry level purchase prices supported by strong and growing rental demand.
The portfolio consists of 6 furnished apartments in Tivoli House which is located in the heart of the city centre. Neatly positioned, the apartments are accessed via a secure communal door entry leading through to spacious reception with lift access to all floors. The properties are split across 3 floors with 2 being on the 2nd floor, 2 on the 3rd floor and 2 on the 4th floor.
Typically each property opens up to reception hall with bathroom complete with stand up shower, storage cupboard, practical kitchen and airy living room with bedroom off living room. With rental demand so high it will be no surprise to see incredibly high occupancy levels providing an annual income of £39,000 for the portfolio giving a healthy 7% yield.
Management agent in place, stamp duty as little as 1% and solicitors ready to go makes this an ideal hands off investment option for the savvy investor.
EPC across all properties is a D rating. Individual EPC's can be provided upon request to a buyer.
Property information from this agent
About this agent
Urpad operates one of the UK’s most unique Nationwide lettings and management strategies. By centralizing our property management team and controlling our network of tenant finding agents in all major cities we provide the most professional service to all our clients whilst maintaining our low void, high return mission which has been key to our growth over the last decade. The Urpad Group provide sales, lettings and property management across all regions of England and Wales. Urpad has undergone a significant re-brand recently but the company has been in existence since 2010. Growing out of lettings referrals from sales clients, Urpad has developed a distinctive ability to provide quality service to its clients whether they are corporate or privately owned assets. Urpad has used a Nationwide network of partner agents via a ‘blitz strategy’ pioneered by Andrew Dillon where multiple agents vie for the lets creating competition on every listing. With ambitions to have branded offices through the spine of the UK, we opened Urpad Sales and Lettings in Bristol in 2021 which covers sales and lettings across all areas of Bristol and surrounding areas and expanded further by opening our second franchise in the West Midlands in 2023 giving further competition to our partners in these areas and working in the best interest of our clients.