Block of apartments for sale

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Block of apartments for sale

Anlaby Road, Hull, HU3
£625,000

Price History

Initial price £650,000
17/01/25 £625,000
Price Change -3.85%

Description

This impressive 16-bedroom multi-occupancy property in Hull's highly sought-after HU3 area is a prime investment opportunity, generating a rental return of over £7,295 per month. The property features 16 modern en-suite bedrooms, two shared kitchens, and a leasehold structure without service charges or ground rent, maximizing the investment return. With potential for growth through strategic improvements and management, the projected ROI is 19.8% (subject to rent increases in line with market rates). The property is situated in a vibrant neighborhood close to local amenities, public transport, and educational institutions, making it attractive to students and professionals. Additionally, there is an opportunity to purchase the SPV as part of the sale, allowing the buyer to avoid stamp duty costs, a significant financial advantage. With a buyer's premium of 1% + VAT (subject to a minimum of £2,995 + VAT) and terms and conditions applying, this is a unique opportunity to expand an investment portfolio.