Guide price
£900,000
(£900,000.00/sq. ft)
Block of flats for saleSpringhead Court, Hotham Road South, Kingston Upon Hull HU5
1 sq. ft
About this property
Modern purpose-built development
Comprises 8 income producing apartments
Mix of 1 and 2 bedroom accommodation
Secure gated parking for residents
Established residential location
Excellent access to Hull city centre and the wider East Yorkshire region
Producing a current Gross Rental Income of £69,240 per annum
Potential for future rental growth
Suitable for private investors and portfolio landlords seeking immediate income
The surrounding area has experienced continued residential demand driven by affordability, employment opportunities and Hull's ongoing regeneration, making the apartments attractive to both tenants and owner occupiers.
Description
An attractive opportunity to acquire a modern, purpose-built residential investment in an established and popular residential location in Hull. The property comprises an attractive development of 11 self-contained apartments, 8 apartments are offered for sale along with the freehold of the building, providing a mix of well-proportioned one and two-bedroom units.
The apartments have been constructed to a modern specification and provide well designed accommodation suitable for a wide range of occupiers. The development is complemented by landscaped communal areas and a secure residents' car park.
Tenancy
The investment currently produces a current Gross Rental Income of £69,240 per annum.
Terms
Offers are invited for the long leasehold interests in the 8 apartments with offers sought in the region of £900,000, subject to the existing occupational tenancies - further details available upon request.
Council tax : Band A & B. For further details visit .
Energy performance rating: Awaiting Confirmation
Mortgage calculator
£4,502 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.



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