7 bedroom block of apartments for sale
Key information
Property description & features
- Tenure: Freehold
- Reservation Fee Applicable
- T&C's Apply
- Prime Location: Close to Royal Infirmary, MKM Stadium, shops, and amenities.
- Generous Garden: Includes an additional gravel area with right of way access.
- Second Floor: Contains a two bedroom flat and a studio flat.
- First Floor: Features a studio flat and a one bedroom flat.
- Ground Floor: Includes a one bedroom flat and a studio flat.
- Attractive Gross Yield: Over 13% yield.
- High Rental Income: Estimated annual income of approximately £29,000.
- Refurbished Flats: Four units currently undergoing refurbishment.
*Guide Price £240,000 - £260,000 plus reservation fee*
*Investment Opportunity: Four Refurbished Flats*
This property presents an excellent investment opportunity with four flats currently undergoing refurbishment. The estimated annual rental income is approximately £29,000, providing an attractive gross yield of over 13%.
*Accommodation Overview:*
- *Ground Floor:*
- One-bedroom flat & Studio flat
*First Floor:*
- Studio flat & Two-bedroom flat
*Key Features:*
- *Generous Garden:* Includes an additional gravel area with right of way and access via a 10-foot path (please check the title plan for boundaries).
- *Prime Location:* Situated within easy reach of the Royal Infirmary and the MKM Stadium.
- *Local Amenities:* Close to many surrounding shops and amenities, enhancing the property's appeal to potential tenants.
This property offers a fantastic opportunity for investors seeking a high-yield return in a convenient and desirable location. Contact us today to learn more and arrange a viewing.
*Fees, Exclusivity, and Disclaimer:*
*Fees:*
*Reservation Fee:* Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 1.5% to a minimum of £2500 plus VAT. The Reservation Fee is paid on top of the purchase price. This reservation fee ensures that the property is taken off the market as soon as a sale is agreed, eliminating gazumping, time wasting, and financial loss.
The Reservation Fee can be refunded under certain circumstances;
i.e the seller deciding to pull out, a chain collapsing or structural issues verified by a structural survey. For more information on what would qualify for a refund then please speak to the office
*Exclusivity:*
Following the payment of the reservation fee, Rezee will facilitate a fixed exclusivity period of 90 days from draft contracts being issued. During this time the property will be reserved, so there will be no risk of gazumping.
*Process:*
Our process:
1. Register your interest
2. Prepare your finances for the purchase
3. Arrange a viewing
4. Make an offer
5. Secure your sale using our secure system
6. Exchange and complete
*Disclaimer:*
The property has a Ready Sale Pack, which gives additional information regarding the property. It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer.
The Buyer is required to verify their ID & show proof of funds.
Rezee offers additional services, such as conveyancing, financial advice, surveying & other services associated with selling & buying a property. Rezee may receive a referral fee for these third-party services.
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
Places of interest
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*DISCLAIMER
Property reference S1015151. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Rezee - Hull.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 17, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.