Flats 1, 2 & 3, 24 Albany Street, Kingston upon Hull, City of Kingston upon Hull, HU3 1PJ

  • Unconditional Online Sale

Fantastic opportunity to purchase a portfolio of three tenanted flats offering immediate and attractive 9% rental yield from day one. Early interest is recommended.

Description

• Portfolio of 3 tenanted flats
• Outstanding rental yield in excess of 8% at buy it now price
• Immediate rental income from day one
• Convenient central Hull location
• Current monthly income of £1345

We are pleased to offer to auction this portfolio of three tenanted flats within one building in the popular Yorkshire city of Hull.

The portfolio comprises 1 x 1 bed, 1 x 2 bed and 1 x 3 bed flats (under one title) currently producing a monthly rental income of £1345 which equates to a gross rental yield of 8% at Buy it now price which, of course, will be achieved immediately from day one of exchange.

Briefly, the flats comprise:

- Flat 1 – ground floor – lounge/kitchen, bedroom and bathroom;

- Flat 2 – duplex flat over ground and first floors – lounge, two bedrooms, kitchen and bathroom;

- Flat 3 – duplex flat over first and second floors – lounge, three bedrooms, kitchen and shower room.

In addition, there is a forecourt to the front and enclosed garden are to the rear.

The immediate rental income is sure to attract investors looking to add to their existing buy to let portfolio, but also offers an excellent starting point for a new landlord.

Early expression of interest is essential for this outstanding portfolio opportunity. Council Tax Band: A.

PLEASE NOTE: As per the T&C's, an Auction Fee and 10% Deposit is due to be paid when your bid is successful.

Tenure

Freehold

Location

Albany Street enjoys convenient location only 1 mile to the north west of Hull city centre, offering a wide range of retail and leisure options. A number of primary and secondary schools are within easy reach, and public transport links for both rail and bus services are nearby.

Accommodation

Flat 1 - Ground floor 2 bed flat
Flat 2 - 2 bed duplex
Flat 3 - 3 bed duplex

Note

EPC: Flat 1: C
EPC: Flat 2 E
EPC: Flat 3: D

Local Authority
Kingston-Upon-Hull Council

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Local Authority

Kingston-Upon-Hull Council

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