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12 bedroom block of apartments for sale
Peel Street, Kingston Upon Hull
£525,000
Peel Street, Kingston Upon Hull
£525,000
Price History
Initial price | £550,000 |
24/05/25 | £525,000 |
Price Change | -4.55% |
Description
This impressive block of flats offers a remarkable investment opportunity, comprising eight fully tenanted flats with a strong rental history and no immediate works required. The property features an expansive layout with eight reception rooms, twelve well-appointed bedrooms, and eight bathrooms, providing ample space for residents to enjoy. A standout feature is the private off-street car park, offering parking for up to eight vehicles, a significant advantage in urban living. With a prime location, strong rental history, and ease of management, this property is an excellent choice for investors seeking a reliable and profitable addition to their portfolio. Currently achieving an annual gross income of £49,140, with tenants paying their own utilities, the gross return is 9.4%, making it a turn-key investment with minimal running costs.