Investment for sale Kingston upon Hull HU1 2AN,13579sq ft

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Investment

Investment For Sale Kingston upon Hull

PROPERTY ID: 142326

PROPERTY TYPE

Investment

STATUS

Available

SIZE

13,579 sq.ft

Key Features

Passing rent of £144,000 per annum exclusive

Seeking offers in the region of £3,250,000 (Three Million Two hundred & fifty thousand pounds) subject to contract and exclusive of VAT.

A purchase at this level reflects an attractive Gross Initial Yield of 6.75% on the ERV of the residential element, and a low capital value of £92,000 per bed space.

Property Details

Humberlofts Comprises A Mid-terrace Building Of Brick Construction Under A Slate Pitched Roof, Built Over Seven Floors Inclusive Of The Basement Car Park, Which Provides Secure Parking For 12 Cars. The Regular Rectangular Shaped Floor Plates Are Served From A Central Lift And Staircase Core. The Property Was Converted From Office To Residential Use In 2021 Whereby The First To Fifth Floors Comprise Of 20 Residential Apartments Whilst The Ground Floor Was Split Into Two Newly Formed Self-contained Retail Units Benefiting From Street Access.

The Apartments Have Been Appointed And Finished To A Very High Specification And Offer The High-quality Finish Expected For High End City Centre Living. The Apartments Are Accessed Via Keyless Smart Phone Door Entry And Are Appointed With Hardwood Flooring And Electric Radiators Throughout, The Bedrooms Comprise Of Double Beds With High Quality Yorkshire Made Mattresses, Bedside Tables And Usb Charging Points; The Lounge Provides Two Comfy Lounge Chairs Or Sofa, Coffee Table With Chairs And Wall Mounted Hd Smart Tv; The Kitchen Is Appointed With A Twin Ceramic Hob & Oven, Integrated Microwave, Fridge-freezer, Washer-dryer And Designer Cooking And Tableware Whilst The Italian Tiled Bathroom And Or Ensuites Provide A Rainfall Shower Or Bath With Wash Basin And Wc. The Penthouses Benefit From The Addition Of A Balcony Providing An Incredibly View Of The City.

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About the Agent

Innes England

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Investment Unit

£3,250,000 Freehold

Humber Lofts,94 Alfred Gelder Street, Kingston upon Hull, HU1 2AN

Investment - Available
13,579 sq ft
1,262 sqm

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