£430,000
Property for saleInvestment Property DN14, East Yorkshire
8 beds
Business
Freehold
About this property
Annual rental income £60,780
Recently renovated HMO
12.66% rental yield per annum
Potential for uplift in rents
High demand area for room lets
Income producing HMO lettings and shop let in East Yorkshire for Sale.
A row of three terraces recently converted into three modern flats, accommodating a total of eight letting rooms, each with an en-suite bathroom. There is also a ground floor retail unit currently leased to a bridal shop. The property is fully occupied and produces a combined annual rental income of £60,780. Located close to Goole Docks and just steps from the River Ouse embankment and its abundant wildlife. Very close proximity to the port and surrounding industry, employing thousands of workers, there is a very high demand for letting rooms. The occupancy has been at 100% and remains very steady. Each flat has a modern communal kitchen and laundry facility. Centrally heated throughout. The building is in exceptional condition both internally and externally. Currently the annual yield is 12.66%. There is room for a realistically achievable uplift in the rents being paid, which would raise the annual yield even higher. EPC Band B.
A row of three terraces recently converted into three modern flats, accommodating a total of eight letting rooms, each with an en-suite bathroom. There is also a ground floor retail unit currently leased to a bridal shop. The property is fully occupied and produces a combined annual rental income of £60,780. Located close to Goole Docks and just steps from the River Ouse embankment and its abundant wildlife. Very close proximity to the port and surrounding industry, employing thousands of workers, there is a very high demand for letting rooms. The occupancy has been at 100% and remains very steady. Each flat has a modern communal kitchen and laundry facility. Centrally heated throughout. The building is in exceptional condition both internally and externally. Currently the annual yield is 12.66%. There is room for a realistically achievable uplift in the rents being paid, which would raise the annual yield even higher. EPC Band B.
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