SSTC 18 Bed Apartment 

Malm Street, Hull £1,050,000

Property Features

Location:
Malm Street, Hull, HU3 2TF
Reception Rooms: 18
Bedrooms: 18
Bathrooms: 18

Contact Agent

Lets Sell
24 Hull Road
Hessle
East Riding of Yorkshire
HU13 0AH
info@letssell.co.uk

About the Property

  • Investment Opportunity
  • Established Tenancies
  • 18 Self Contained Apartment's ( 9 x One bed x 8 x Two bed, 1 x Studio)
  • Currently 94% let producing £87,600.00 per annum
  • Gross Yield of 8.34%
  • Located Close to City Centre

Property Photos

Property Details

Location

The subject is located in Hull. Hull is adjacent to the Humber Estuary and is situated on the east coast of England. The city has great network connections, with the A63 linking to the M62 Motorway, which provides routes to York, Leeds and Sheffield.

Hull is one of the county's largest ports, with strong trading links to northern Europe. It was awarded the UK city of culture in 2017 which has proven to be very energising for the City. The BBC reported that in excess of 340,000 visitors and in excess of 50 new businesses opened. Hull City Centre is currently undergoing a £250 million transformation including investment in public spaces, retail and leisure as well as attracting 100 new businesses to the city. The refurbishment of the city centre landmark "Europa House" has recently been approved, set to bring approximately 600 new jobs to the city.

Situation

Rosedale Mansions is located on the Boulevard in Hull, The building is steeped in history and character and dates back to 1895 when it was originally built as a Higher Grade School, which opened on the 18th October. The school was attended by the famous "Pioneer Aviator" Amy Johnson.
The Apartments are located a short distance away from Anlaby Road. Both the train station, bus station and city centre are in close proximity, providing a good selection of local and national shops, plus many more amenities.

The KCOM Stadium is nearby (also known as the Hull City Stadium due to UEFA sponsorship regulations) is a multi-purpose facility in the city of Kingston upon Hull, England. Conceived in the late 1990s, The stadium is owned by Hull City Council and is enjoyed by thousands of spectators who come to support their local teams (Hull City Football team and Hull FC rugby club)

Hull Royal Infirmary is a short distance away, which is a teaching hospital and one of the two main hospitals in Hull and has recently undergone a major development plan, providing improved overall patient service's and facilities.

Green Port Hull, a major success story of the Capital of Culture crown has resulted in the investment of over £310million in offshore wind turbine production, by siemens in Hull. This investment has created 1,000 new jobs during the construction phase and many more in the supply chain.

Description

The Accommodation is laid out over three floors with the use of five car parking spaces.
There are 18 self contained apartment (9 x one bed, x 8 x two bed and 1x Studio)

Current Income/Expenditure

Rosedale Mansions is currently 94% let. The apartment's are currently let on a monthly rate, with the building currently producing £7,300.00 per month. This equates to an annualised gross income of £87,600.00. An asking price offer of £1050,000 Reflects a gross yield of 8.34%

Tenancy Information

Location Map

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Enquire / Book Viewing

Contacting Lets Sell
24 Hull Road
Hessle
East Riding of Yorkshire
HU13 0AH
info@letssell.co.uk
  • arrange a viewing
  • arrange a valuation
  • be sent further property details
  • register for property updates

Contact Details: