available
£650,000
We are delighted to present this impressive 16-bedroom multi-occupancy property located in the highly sought-after HU3 area of Hull. This property represents a prime investment opportunity, currently generating an excellent rental return of in excess of £7295 per month, with significant potential for increased income following the completion of sale.
Property Features:
16 Modern En-Suite Bedrooms: Each room boasts a private en-suite bathroom, ensuring comfort and convenience for tenants.
Two Shared Kitchens: Well-equipped kitchens on each floor provide ample space for tenants to prepare meals.
Leasehold Property: Enjoy the benefits of a leasehold without the burden of service charges or ground rent, maximizing your investment return.
Potential for Growth: With some strategic improvements and management, there’s a fantastic opportunity to increase the rental yield even further.
Financial Benefits: Projected ROI (Return on Investment) of 19.8% (subject to rent increases in line with market rates)
Stamp Duty Savings: There is an opportunity to purchase the SPV (Special Purpose Vehicle) as part of this sale, allowing the purchaser to avoid stamp duty costs—a significant financial advantage for savvy investors.
This property is ideally situated in a vibrant neighborhood close to local amenities, public transport, and educational institutions, making it attractive for both students and professionals.
Don't miss out on this unique opportunity to expand your investment portfolio. Contact us today to arrange a viewing and discover the potential this multi-occupancy building holds!
*A buyer's premium of 1% + VAT, (subject to a minimum of £2995+ VAT) of the agreed sale fee applies to this property, £995 + VAT of which must be paid to secure the property and the remainder is payable upon exchange of contracts. Terms and conditions apply, please see 'Buyer's Premium' page on our website for more information.
