MapOffers in region of
£625,000Property for sale
Britannia House, 1st & 2nd Floors, 374-376 Anlaby Road, Hull, East Yorkshire, HU3 6NS
Property
4,804 sq ft / 446 sq m
Key information
Tenure: Leasehold
Council tax: Ask agent
Features and description
- Tenure: Leasehold
- 16 HMO flats all with ensuites and benefitting from 2 communal kitchens.
- Situated on the main arterial road leading to Hull city centre from the west, with good public transport links.
- Currently producing £545 per calendar month, £65,540 per annum, with a potential income of £5,705 per calendar month, £68,460 per annum.
- Provides a gross yield of 10.49% on current income with a potential reversionary gross yield once fully let of 10.95%.
- Situated on prominent position on Anlaby Road.
The property consists of the first and second floors which are available on 999 year long leasehold with the premises being refurbished to a high specification providing a total of 16 HMO flats all with shower and WC ensuite . An HMO Licence has been provided from Hull City Council. The first and second floors are both of similar configuration with communal kitchen facing the south elevation of the building, central corridor, three spacious self-contained rooms with shower and WC facilities to the west and 5 smaller rooms with ensuite shower and WC facilities to the east elevation. The premises is fitted to a good specification.
Property information from this agent
About this agent
We can guide you on every aspect of buying, selling, leasing and managing commercial property. From carrying out valuations, surveys and lease renewals, to giving you advice on investment and development opportunities. We’re well-connected in the local and surrounding areas. So we can take a broad view of the property market and give you the best advice on the sale and lease of commercial sites. Above all, we put you first. It’s our job to get the result you want, and we achieve this through hard work, years of experience and a well-rounded knowledge of the market. We are part of the Garness Group of property companies.