This property is no longer available
  • terraced house
  • bedrooms

Property photos

Property description

Investment Opportunity on Spring Bank, Hull

The property comprises a retail shop on the ground floor currently under refurbishment and HMO accommodation on the ground, first and second floor.

Ground Floor
Retail shop wiith separate entrace

Entrance to the residential accommodation
Living/Dining Room
Kitchen Diner

First Floor
Bedroom 1
Bedroom 2
Bedroom 3
Bathroom with sink and bath
Toilet with shower

Second Floor
Bedroom 4
Bedroom 5

The current rent per week with bills inclusive is £335 for a total of £17,420 current gross rent per year

When the property is fully let, the rent per week is £455 for a total of £23,660 gross rent per year

The shop is let on a 10 year lease at £450 a month, tenancy started 1st May 2022, for a total of £5,400 net per year.

Schedule of rent for the HMO Accommodation at the time of listing:
Room 1 £90
Room 2 £95
Room 3 empty, rent requested £120
Room 4 £80
Room 5 £70

The total current income is £22,820 with a yield of 8.94%

When the property is fully let the income is £30,100, with a yield of 11.39% per year

Current rateable value £3,150 (Shop and premises)

EPC rating for residential premises: current 57 potential 82
EPC for shop premises: Energy Rating C

Further information:

Council tax band - B
Tenure - Freehold
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Council tax

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First listed

Over a month ago

Enegy Performance Certificate

240 Spring Bank Kingston upon Hull

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DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Tulip Estate Agency - Hull. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Tulip Estate Agency - Hull for full details and further information.
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