A well-located investment property near Beverley Road, comprising a tenanted one-bedroom ground-floor flat and a vacant two-bedroom first-floor flat, with potential gross rental income of £13,800 per annum when fully occupied.
Viewing Details
Strictly by appointment with Auction House on 0845 400 99 00 or the joint agents Reeds Rains on 01482 472900.
Location
Beverley Road acts as one of the main feeder roads into Hull. It offers excellent local amenities, shopping, recreational and sports facilities with good public transport links to both the City Centre and Beverley. The Tesco superstore on Beverley High Road is within a short driving distance as are the universities on Cottingham Road.
Description
Located just off Beverley Road within strolling distance of many amenities, including supermarkets, restaurants and situated on a regular bus route, which makes this a very popular buy-to-let area. The property is partly occupied, with the first-floor recently vacated (previously let at £600pcm) and the ground-floor flat let to a long-term tenant at £550pcm. To the ground floor is a two-bedroom flat, and to the first floor is further generous two-bedroom flat. When fully let, the property can generate a gross income of £13,800pa.
Accommodation
The property is arranged on two floors and briefly comprises as follows:
Communal Entrance
Flat 1
Bedroom to the front of the property opening up into a living room, which follows on to the kitchen with a shower room and further bedroom.
Flat 2
Located on the first floor with a living room to the front of the property leading onto a bedroom with a kitchen, bathroom and further bedroom located to the rear.
Tenure
We understand the property to be Freehold. The property is sold subject to existing tenancies - please see the legal pack for further details.
Note
Joint Agents
Reeds Rains, 79 Newland Avenue, Hull, East Yorkshire, HU5 2AL. Tel: 01482 472900
Lot Type
Residential Investments
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium
The purchaser will be required to pay a buyer's premium of £1,800 (£1,500 plus VAT) in addition to the purchase price of the property.
Administration Charge
The purchaser will be required to pay an administration charge of £1,200 (£1,000 plus VAT) in addition to the purchase price of the property.
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- 4 Bedrooms
- Tenure: We understand the property to be Freehold. The property is sold subject to existing tenancies - please see the legal pack for further details.
- Unconditional (Immediate Exchange)
Call the team on 0845 400 9900 for more information
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