2 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold
- Mixed use residential and commercial property
- Prime City Centre location
*This commercial unit is currently vacant. With annual rental income of £9,500 per annum*
*The property also comes with a tenanted two bedroom flat set over first, second and third floors, with a balcony to the rear. The monthly rental income for the flat is £595pcm (£7,140 per annum), giving the portfolio a potential income of £16,640. Fantastic yield of 11.2% at Guide Price*
*The property is located on a busy retailing street, near Hull city centre. There are many shops, takeaways and other amenities in the area, with residential flats above. Close vicinity to the University of Hull.*
*RECENT SALES IN THE LOCAL AREA*
- 24 Fairfax Avenue, HU5 4RD - (3 bedroom, terraced) £175,000 (Jun'24)
- 89 Fairfax Avenue, HU5 4QN - (3 bedroom, terraced) £165,000 (May'24)
- Apartment 24 Oldroyd House, HU5 3FB (Flat) £160,000 (May'24)
*Hull has a population of around 269,000*There are local shopping centres within this area with busy independent traders. However, for a more extensive shopping experience Hull city centre, Cottingham village and the historic market town of Beverley are just a short commute from the property.*
*The Paragon road and rail interchange is easily accessed from the property creating good connections to the city centre and the outbound rail links to Leeds, York, London etc.*
*For the growing family there are highly reputable schools, colleges and academies to choose from. The University of Hull is close by*Both of the major hospitals are just a short commute from property with Hull Royal infirmary in Hull city centre and Castle Hill Hospital within the village of Cottingham*
*Other amenities which are conveniently placed close by include a health centre, post office and library*For those wishing to spend leisure time with family and friends there are many busy, vibrant and well visited caf bars and restaurants to choose from along Chanterlands Avenue, Newland Avenue, and Princess Avenue*The historic Pearson Park is also nearby*
GUIDE PRICE - £149,000
To view legal documents relating to this property please visit our website.
Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/ Special Conditions in the Legal pack to confirm.
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Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
Places of interest
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Broadband availability and predicted speed: obtained from Ofcom on February 27, 2024
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
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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 27, 2024
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
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