GUIDE PRICE £185,000
Summary
This converted VICTORIAN HOUSE on COLTMAN STREET offers FIVE ONE-BEDROOM APARTMENTS, all currently LET and generating a RENT ROLL of approximately £20,000 PER ANNUM. Arranged over THREE FLOORS, the property includes TWO APARTMENTS on the GROUND FLOOR, TWO on the FIRST FLOOR, and ONE on the TOP FLOOR. Some units have seen RECENT UPGRADES, while others needing a little TLC. With some LONG-STANDING TENANCIES in place, this is a straightforward option for investors seeking a READY-MADE PORTFOLIO.
From the Agent’s Perspective
We’re pleased to present this BLOCK OF FIVE APARTMENTS on Coltman Street, a solid choice for anyone looking to expand their property portfolio. The building is a CONVERTED VICTORIAN HOUSE, which gives it plenty of character and appeal. Each apartment is ONE BEDROOM, and all are currently LET, providing immediate income from day one. Some of the flats have been UPDATED in recent years, while others offer scope for future improvement. The current RENT ROLL is in the region of £20,000 PER ANNUM, and with several LONG-TERM TENANTS, you can expect a steady return. This is a great chance to acquire a FULLY LET BLOCK in a convenient location.
From the Client’s/Vendor’s Perspective
We have owned this property for a number of years and have always found it to be a reliable investment. The apartments are popular with tenants, and we have enjoyed a good level of occupancy throughout our ownership. Some of the flats have been MODERNISED, while others do need a little work when they become vacant. The current tenants have been with us for some time, and we have always found them to be dependable. We feel this is a good opportunity for someone looking for a property that is already up and running, with income from day one.
Tenure
The property is freehold.
Council Tax
Council Tax is payable to the Kingston Upon Hull City Council. From verbal enquiries we are advised that the property is shown in the Council Tax Property Bandings List in Valuation Band -.*
Fixtures & Fittings
Certain fixtures and fittings may be purchased with the property but may be subject to separate negotiation as to price.
Disclaimer
*The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.
Viewings
Strictly by appointment with the sole agents.
Mortgages
We will be pleased to offer expert advice regarding a mortgage for this property, details of which are available from our Newland Avenue office. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.
Valuation/Market Appraisal:
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