£625,000

Property for sale

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Leasehold

Offers in region of

£625,000

(£130.10/sq. ft)

Property for sale

Britannia House, 1st & 2nd Floors, 374-376 Anlaby Road, Hull, East Yorkshire HU3

4,804 sq. ft

Local area information

Property location

Nearby amenities

  • St George's Primary School 0.1 miles
  • Paisley Primary School 0.1 miles
  • Hull 1.1 miles
  • Cottingham 2.9 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Leasehold
  • 16 HMO flats all with ensuites and benefitting from 2 communal kitchens.
  • Situated on the main arterial road leading to Hull city centre from the west, with good public transport links.
  • Currently producing £545 per calendar month, £65,540 per annum, with a potential income of £5,705 per calendar month, £68,460 per annum.
  • Provides a gross yield of 10.49% on current income with a potential reversionary gross yield once fully let of 10.95%.
  • Situated on prominent position on Anlaby Road.
The property consists of the first and second floors which are available on 999 year long leasehold with the premises being refurbished to a high specification providing a total of 16 HMO flats all with shower and WC ensuite . An HMO Licence has been provided from Hull City Council. The first and second floors are both of similar configuration with communal kitchen facing the south elevation of the building, central corridor, three spacious self-contained rooms with shower and WC facilities to the west and 5 smaller rooms with ensuite shower and WC facilities to the east elevation. The premises is fitted to a good specification.

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  1. Zoopla
  2. Commercial for sale
  3. East Riding of Yorkshire
  4. Hull
  5. Anlaby Road